Finances After Divorce

Randy | Uncategorized | Sunday, 07 February 2010

It can be better to reach a settlement agreement than go through a lengthly and expensive divorce trial. However it is important to remember however that the financial obligations of each party  be explcitly set forth in the settlement agreement. It is unlikely that an ex spouse will agree, post divorce, to advance additional funds, even for a child’s welfare. It is therefor important to explicitly set forth a financial arrangement that is beneficial to all sides.

Keeping a Level Head

Randy | Uncategorized | Sunday, 03 January 2010

Especially if there are children involved, the relationship with a spouse does not necessarily end when the divorce has been finalized. Visitation schedules, child support and alimony payments and the care of young children all need to be arranged between ex spouses. Very often a certain level of animosity will still exist between ex spouses which will make cooperative efforts difficult.  The best advice is to try and keep a level head and make every effort to work towards a satisfactory arrangement for everyone. Do not be suprised if arguments arise.

Happy Holidays

Randy | Uncategorized | Thursday, 24 December 2009

Wishing everyone a very happy holiday season. May your New Year be filled with love and happiness.

Differences of Opinion

Randy | Uncategorized | Wednesday, 16 September 2009

Differences of opinion between spouses will not necessarily be alleviated once the marriage has been terminated. In fact, it is often the case that they will be exacerbated by the adversarial nature of the proceeeding. Dealing with an ex spouse who is unrealistic and argumentative is difficult however necessary if children are involved. It is important to remain level headed and realize that extended arguments and attempts at persuasion may never lead to a consensus. The best result may be to avoid confrontation and compromise if possible.

Further Emotional and Economic Concerns

Randy | Uncategorized | Thursday, 30 July 2009

It is not unusual to allow emotions to rule how you negotiate a divorce. Many people going through a divorce can relate to the scenario posed in “War of the Roses” where anger and frustration overcome rationality and destruction of property becomes an outlet and a way to punish an ex spouse. Feelings of frustration and anger are natural however it is far better to make every attempt to come out of the divorce as financially sound as possible. Discussions with your attorney, accountant and financial planner will allow you to accurately assess your financial situation and determine the best possible strategy to ensure your financial well being.