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Tag Archives: Divorce

6 Credit Traps That Await Divorcing Couples

The divorce itself doesn’t affect your credit score, but watch out for these common scenarios that most definitely do. Just as your credit scores don’t merge when you get married, they don’t experience any automatic hit or boost when you divorce. The divorce itself is not factored into your credit score whatsoever. However, the process of untangling financially from your ex could leave a mark on your credit file for …Read More

Resetting Your Retirement After Divorce

By Jason Alderman When couples divorce, long-term financial priorities sometimes receive the least attention. Many money issues are about immediate needs – where to live, how to handle everyday expenses and if there are kids, how to support their needs in two households, not one. This is why retirement planning can face serious obstacles post-divorce. In marriage, a two-earner household has the advantage of splitting living expenses and pooling assets …Read More

Divorcing? Protect Your Finances, Personal Data

By Jason Alderman No doubt you’ve seen many warnings against sharing personal or financial information with strangers, but what about your spouse – or ex-spouse? A recent study by McAfee revealed some unsettling findings: Although 96 percent of adults surveyed trust their significant other with passwords, intimate photos, and other personal content they’ve shared via mobile devices, only 32 percent have asked their ex to delete the information when ending …Read More

Divorce and Debt:Tips for Avoiding Financial Problems

By Lauralynn Schueckler Avoiding financial problems during a divorce may be the biggest challenge anyone has to face. All debts as well as all properties must be accounted for and divided reasonably. This includes tax liabilities on property, insurance policies, and any investments jointly held.  Property taxes and mortgages default to the one who keeps the property unless otherwise agreed to in the divorce papers. That should be taken into …Read More

Divorce and Debts: A Ticking Time Bomb?

By Barb Miller As we all know, financial problems and stress often lead to relationship problems. Sometimes, couples are able to work through issues together, and sometimes they are not. If they can’t, the couple may be headed for divorce court. In a divorce, a judge will typically divide the assets and debts incurred during a marriage. Or, couples may arrive at an agreement over property matters that are formalized …Read More