8/27/2014

Tips on helping kids through divorce: Part 1

In light of current divorce rates, thousands of kids experience the stress of family separations or divorces each month, and parents should be aware that family conflict and separation may affect children in a range of ways. While parents can't prevent kids from feeling sad or being confused, depending on the children’s age, their personalities, and the circumstances of the divorce they can minimize its effects.

The most important thing that parents can do to help their kids process the changing family dynamics is minimize the disruption to daily routines. Kids thrive when they have a regular, predictable schedule, so parents may need to be flexible in order to ensure the children’s routines are maintained. This may require both parents to be flexible and willing to make sacrifices in order to put the kids first.

It’s also important for both parents to remain involved in the kids’ lives, whether that means periodic phone conversations with a parent who isn’t living at home, or regular visits to ensure kids see both parents.

In addition, parents should ensure that they avoid conflict, legal talk and heated discussions in the presence of kids. They should also avoid talking negatively about one another in front of the kids.

Lastly, parents who need to discuss their divorce with someone should not do so with their kids; they need to rely on mature, appropriate audiences like trained therapists, older family members, or friends.

8/20/2014

How should I handle my finances post divorce?

It’s not uncommon for divorcing couples to have reached a final decree that makes the divorce official, but to still have assets that are not fully divided. If you or your spouse have a work-sponsored 401(k), ownership of company stock, or shared real estate or investment property, there are a handful of steps you’ll have to go through in order to ensure the assets become fully divided.

An attorney can help you first secure a qualified domestic relations order, which can help you divide the 401(k). If your spouse is the holder of the 401(k), you can then roll that money into an IRA, where it can maintain its tax-deferred status.

Likewise, the order can help you sell or divest your interest in your ex-spouse’s stock with his employer, and may help you secure any interest in equity you might have in shared real estate or banking accounts.

Beware that in addition to any potential maintenance or child support payments you may be receiving, that you should plan to budget your finances to ensure you have enough for emergencies and to ensure you are planning for the future. An attorney may help you in this endeavor, or he or she may be able to provide you with a reference for a financial planner.


In addition, there are a variety of helpful websites and articles on this topic that may provide examples of how you might plan best for your life post-divorce.