Archive for 'Divorce and Money' Category

We don’t want attorneys…

By Linda Leitz - Last updated: Monday, February 15, 2016

When people go through divorce, they will sometimes fall into one of two extreme attitudes about hiring an attorney. One extreme is that they don’t want to hire an attorney because they think attorneys escalate the negative emotions and the expense of a divorce. The other is to hire a “gladiator” attorney to do battle […]

Divorce finances – yours, mine, and ours

By Linda Leitz - Last updated: Thursday, August 27, 2015

During a divorce you and your soon-to-be ex need to make decisions that will impact the rest of your life. One of the biggest issues is money, which has two major parts – property and cash flow.   Property is what the family law professionals call assets and debts. That includes your home, other real […]

Divorce Team

By Linda Leitz - Last updated: Friday, July 31, 2015

You’re going through a divorce. You may feel that you’re watching your life crumble, including your finances. It’s tempting to want to save money by doing it all yourself. Whether ending the marriage was your idea or not, it’s a time when you’ll be making big decisions that are different than any decisions you’ve ever […]

Can I Afford to Get Divorced?

By Linda Leitz - Last updated: Tuesday, May 26, 2015

Through years of consulting on financial issues in divorce, many people have asked if they can afford to get divorced. It’s a question loaded with elements beyond the dollars and cents involved. Most people don’t get married with the thought that they’re entering a financial partnership, but marriage has an element of that. Colorado is […]

Unusual Situations

By Linda Leitz - Last updated: Saturday, February 28, 2015

Financial planners recommend that people put together an action plan to meet their financial goals. Any kind of plan works better if it’s followed consistently, but sometimes things get off track. Life happens. There are some common situations that can throw a financial plan off track. Some are temporary and some aren’t. Each of these […]

Kids and Money After Divorce

By Linda Leitz - Last updated: Wednesday, September 24, 2014

Most parents have the emotional intelligence to know that if they split up, a child shouldn’t be a weapon to hurt each other. The kids have no vote in the decision to change the family dynamic, but are impacted by it as much or more than the parents. So each parent should do everything possible […]

Post divorce financial changes

By Linda Leitz - Last updated: Tuesday, September 9, 2014

Divorce is a traumatic experience. You go through extensive negotiations or to court and get a financial settlement that you believe will work. But sometimes things happen and don’t go according to plan. If you’re receiving money in the form of spousal maintenance – which is what Colorado calls alimony – or child support, the […]

Common Financial Mistakes in Divorce

By Linda Leitz - Last updated: Tuesday, July 8, 2014

Divorce is a difficult transition. The emotional fog of the change can make it hard to think logically. And yet decisions need to be made that will impact the rest of your life. Professionals – attorneys, financial experts, parenting coordinators, and therapists – can help avoid big mistakes. Here are a few of the financial […]

Do It Yourself Divorce

By Linda Leitz - Last updated: Tuesday, July 1, 2014

Divorce is emotionally devastating and a major financial turning point in the lives of the family members. It’s not something to be taken lightly. One of the major issues in most divorces is money. In regard to finances, Colorado is what’s called an equitable distribution state, which means the goal of the legal system is […]

Revisiting Your Divorce During the Recession

By Linda Leitz - Last updated: Thursday, September 30, 2010

When a divorce is final, the spouses or a third party like a judge or arbiter have made decisions about how assets, debts, and cash flow will be handled.  It’s common to have requirements to sell a home and divide the proceeds, refinance debt to remove one spouse from a loan or credit card, or […]