Financial Considerations Related to Divorce

This section covers the financial implications of the decisions you will need to make during your divorce.   The main negotiation points that center around financial topics typically include splitting retirement accounts, putting together an equitable property settlement, addressing alimony and child support, determining who will be entitled to the child dependent exemption, and understanding the tax filing statuses that you may qualify for.

Splitting Retirement Accounts in Divorce 

In the Splitting Retirement Accounts category, we provide articles that give guidance on the steps associated with splitting qualified retirement plans and individual retirement plans.

Equitable Property Settlements in Divorce 

In the Equitable Property Settlements category, we provide articles that give guidance on the steps associated with transferring property tax free, important clauses to include in your property settlement, community property versus equitable distributions and key elements to negotiate in your property settlement.

Alimony and Child Support 

In the Alimony and Child Support category, we provide articles that offer guidance on the differences between alimony and child support and structuring alimony properly to be tax deductible.

Child Dependent Exemption in Divorce 

In the Child Dependent Exemption category, we provide articles that cover determining who can claim the child dependent exemption, discussing the importance of being the custodial parent and what actually constitutes support.

Tax Filing Statuses in Divorce 

In the Tax Filing Status category, we cover some of the considerations that you should make when determining your tax filing status during the divorce proceedings and after the divorce has been finalized. This could include married filing separate, married filing joint, head of household, and single statuses. 

These articles will provide some general guidance and information.  If you are looking for more detailed information and strategies, we recommend that you visit our Order The Book page and purchase “The Financial Divorce – Your Guide to Financial Divorce Knowledge”.