Life After Divorce

How A Small Shift Made A World Of Difference

As I was driving home from a networking event a couple of weeks ago, the low-gas light came on in my car. I was so tired from all the activities of the day that I decided to wait until the next morning to fill my car up.

The next morning, I headed over to the gas station at Walmart. As I got closer to the store, I debated with myself about whether I wanted to cut through the parking lot or wait through an extra light to get to the pumps. If I went through the parking lot, I ran the risk of needing to wait for people crossing the road and other cars jockeying for the best parking spot. If I waited for the light, I was stuck making 2 left-hand turns at lights. I really don’t like having to wait for the lights to make the turns, so I chose to cut through the parking lot.

As I neared the entrance to Walmart, there was this older guy pushing his cart down the middle of the road. My first thought was, “Figures! I knew something like this would happen.” Then I changed my mind and realized that in a few more years, that…

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Divorce Is Tough. The Mortgage Doesn’t Have To Be.

Should your life after divorce include living in the marital home?

By Mark Watson, Loan Officer, Guardian Mortgage Company, Inc.
www.guardianmortgageonline.com

This is a terrific article. It’s jam-packed with information that I am so happy to be able to share! I’ve added just a few comments in square brackets [].

If you are going through a divorce, you are probably exhausted by all the details and decisions that have to be made as the two of you separate. Even in the most amicable situations it can be very emotional. [Remember there are the 5 facets of divorce – social, emotional, legal, financial and functional – that all overlap. So it makes sense that in the midst of making the decisions required to divorce that you would experience a lot of emotions.]

There is usually a lot of discussion about the house as it usually represents the family’s largest asset. [Dealing with an asset would be an example of the financial facet of divorce. When dealing with the financial facet of divorce it’s best to remain primarily in a business mindset instead of an emotional one because you’ll be better able to make decisions you can live with for the long haul.]

While divorce is a tough process, resolving the mortgage doesn’t have…

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Wrapping Up 2012

Most of us tend to be forward thinkers. We’re always looking at what’s next. As soon as we finish one thing, we rarely take the time to savor our success before we’re off to the next task or adventure.

This time of year, most Americans are gung-ho about their New Year’s resolutions before the struggling of achieving them sets in over the next few days.

One of the best ways to build the strength and determination to achieve your New Year’s resolutions is to build your belief in yourself by spending a little time reviewing all the good things that happened in 2012 – especially those things that help you know you can achieve your resolutions.

When you’re going through divorce, it’s especially important that you take time out to savor the good things. For most people, divorce has a way of coloring things with a more negative cast. The thing is there are usually good things that happened during the past year too. It’s worth the time to find and appreciate them so your world view can be a bit rosier and happier.

When I review all the things I’ve done, accomplished, and experienced in the previous year, I’m always amazed at how much…

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Have A Great Online Dating Experience

Couple who met by online dating.

Dating after divorce can be confusing. After all, it’s probably been a while since you last dated and things have CHANGED since then.

One of the biggest changes in dating over the last 10-15 years is the number of people who use online dating services. Did you know there are even websites dedicated to letting you know who the top online dating services are? These services are a BIG business and it’s OK to use them. When my clients decide to start dating, most of them use an online dating service or two. Heck I even used one to meet my 2nd (and current) husband.

Online dating, just like any other kind of dating, is terrific IF you’re aware of these three pitfalls.

The first pitfall is lack of safety. I’ve heard stories from both men and women about some positively scary situations they found themselves in when they met a date. Here are some key things you can do to be a bit safer when you date online:

When you’re using an online dating service, be careful of your identity. Don’t use your full name on your profile that’s open to the public.

Ask the other person for their number, don’t freely give yours away. It’s…

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Watch For Tax Angles In A Divorce Agreement

This week’s post is by Wendy Knutson, CPA.

If you’re getting a divorce, you’ll have to work through a variety of financial issues governed by prevailing state law. But don’t overlook the federal income tax implications. Advance planning can be critical in the following areas:

Alimony vs. child support. Generally, payments designated as alimony in a divorce decree are deductible by the payer and taxable to the recipient. But the opposite is true for child support; the payments can’t be deducted by the payer and are tax-free to the recipient. Make sure that the decree accurately reflects your intentions.

Filing status. If you divorce before year-end, you must file your 2012 federal income tax return as an unmarried individual. Depending on your situation, you may fare better or worse as an unmarried filer. For instance, joint filers could be hurt by the “marriage penalty” if the income of the spouses are relatively equal. In that case, it may be advantageous to finalize the divorce before year-end.

Dependency exemptions.Generally, the parent who has custody of young children for most of the year is the one entitled to dependency exemptions for the children. However, a noncustodial parent may claim the exemptions if the custodial parent signs…

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