Synopses & Reviews
Divorcing? Get everything you need to split assets and debts as fairly as possible.
When you're going through divorce, you have to make an overwhelming number of financial decisions. Should you sell the house? What happens to retirement benefits? How will you handle taxes?
Full of sensitive and practical advice, Divorce and Money guides you through the complex process of making these important, and sometimes life-altering financial decisions. It covers how to:
- decide whether to keep or sell the house
- protect yourself against misuse of joint accounts and credit cards
- avoid tax problems
- handle alimony and child support
- divide debts fairly
- avoid hasty decisions that could hurt you financially
- reduce risks to your investments
- understand how a court evaluates assets
- gain financial stability as a single person
The fully updated edition provides the latest tax figures and data, plus new information on dealing with credit problems, bankruptcy, foreclosure, and during or after divorce.
“Reduces the financial complications of divorce into comprehensible strategies.” Newsday
“An essential purchase for anyone contemplating a split...” Los Angeles Times
“At the very least, you should read Divorce and Money so that you better understand your legal rights.” Newark Star-Ledger
About the Author
Violet P. Woodhouse,
noted author, lecturer, seminar presenter and consultant to the media in the areas of family law and personal finance, is a foremost authority on the financial and tax aspects of divorce. A practicing family law attorney as well as a Certified Financial Planner and Registered Investment Advisor, she pioneered the development of financial analysis of property settlements for financial planners, and often acts as a consultant to divorcing spouses and their mediator during mediation. Ms. Woodhouse is in private practice in Newport Beach, California, and has authored articles for the state and local bar associations and legal newspapers. Coauthor of Nolo's Divorce and Money
, she has also written articles for or has been quoted in such publications as the Wall Street Journal, New York Times, Working Woman, Lear's, Money Magazine and Kiplinger's Personal Finance Magazine. Worth Magazine has named her one of the top 60 financial advisors in the nation.
Matthew J Perry has edited, ghostwritten and collaborated on many books, primarily in the genre of money and finance. He lives with his wife and son in New York City.
Table of Contents
Introduction: Your Financial Companion During Divorce
1. Legal vs. Financial Realities of Divorce
2. Financial Realities No One Talks About
3. Emotional Divorce: Managing the “Money Crazies”
4. The Hardest Part: Is My Marriage Really Over?
5. The Separation: What Happens When One Spouse Moves Out?
6. Closing the Books: What Do We Do With Joint Property?
7. Getting Help: Who Can I Turn To?
8. Financial Fact-Finding: What Must I Know and When Must I Know It?
9. Facing the Future: What Must I Plan For?
10. Protecting Against Risks to Life, Health, and Property
11. Taxes: How Do I File and Pay?
12. Property and Expenses: Who Owns and Who Owes What?
13. What Will Happen to the House?
14. Retirement Benefits: Who Gets What?
15. Financial Investments: How Do We Divide the Portfolio Pie?
16. Evaluating Employee Benefits and Stock Options
17. How Will We Divide Debts?
18. Child Support and Alimony: What Might I Pay or Receive?
19. Negotiating and Finalizing the Best Possible Settlement
20. After the Divorce: How Do I Get From “We” to “Me”?