Divorce Planning

10 Biggest Mistakes

 

  1. Not Understanding The Link Between Alimony & Child Support

 

  1. Not Understanding The Wife Should NOT Always Get The House

 

  1. Splitting Assets Between Husband & Wife Without Considering What The Property Cost Originally (i.e. the property’s basis)

 

  1. Not Hiring A Family Law Attorney

 

  1. Not Communicating With Your Spouse

 

  1. Not Understanding The Purpose Of A QDRO

 (Qualified Domestic Relations Order)

                                                                     i.            Death Of Either Party

                                                                   ii.            Not Having QDRO Approved Before Divorce Is Final

                                                                  iii.            Failing To Consider Early Retirement

 

  1. Filing A Joint Tax Return

 

  1. Using Unrealistic Assumptions About Inflation & Investment returns

 

  1. Assuming That Capital Gains Tax Is Based On Your Share Of The Divorce Settlement Proceeds

 

  1. Failing To Guarantee Alimony & Child Support Payments With Life Insurance On The Person Who Is Supposed To Pay

 

 

 

 

 

 

 

 

 

 


As a Certified Divorce Financial Analyst™ (CDFA™), Sherry V. Wyble is trained to help men and women in the financial decisions during the divorce process. Sherry’s divorce planning services are in no way affiliated with Multi-Financial Securities Corporation as Multi-Financial Securities Corporation does not endorse nor do they offer any products or services regarding divorce planning.