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Most states, except a handful of community property states, use an equitable distribution approach to dividing marital property in which everything acquired during a marriage in either spouse’s name or both spouse’s names is considered... read more »
Prepare a realistic post-divorce spending plan or budget based on your individual sources of income (including alimony and child support) and expenses... read more »
Consider retirement plan distribution decisions carefully. After a house, pensions, 401(k) plans, and the like are often a divorcing couple’s second largest asset... read more »
Keep health insurance in effect for both spouses and all children... read more »
Both ex-spouses may need to adjust their tax withholding with their employer to reflect the impact of alimony payments and other financial changes related to divorce. A general rule for claiming children is that the personal exemption... read more »
Rewrite your will to name an heir other than your spouse. While divorce decrees generally revoke any prior disposition of property to a former spouse under a will, you may want to do this while the divorce is pending... read more »