Divorce can affect every part of your life in Rhode Island, including financial impacts that you may not think of at first. You have to come to an agreement with your spouse about these financial impacts in order to determine your future security. Continue reading for...
High Asset Divorce
What happens to college savings in a divorce?
With the high cost of college in Rhode Island and throughout the country, many parents decide to start budgeting for college expenses early. Things can get a little complicated, though, when parents get a divorce before their child graduates from high school. If a...
What consequences can befall someone for attempting to hide assets?
Rhode Island residents like you already have a lot on your plate when facing divorce. On top of the usual issues, people with high assets often struggle with extra problems, too. For example, couples with higher assets are more likely to have one person attempt to...
Do you need a home appraisal before divorce?
If you are planning to divorce, do not make a decision about the family home until you know how much the property is worth. In most cases, a couple should get a real estate appraisal as part of the property division process. Learn about reasons to get an appraisal and...
What are the main challenges of a gray divorce?
Divorce among people 50 and older has nearly tripled over the past 30 years. In 1990, one out of every 10 couples over 50 ended their marriage, while today more than one in four files for a so-called gray divorce. Taking that step can be especially challenging for...
The importance of post-divorce financial planning
Working out your divorce agreement so that you get the assets you want to take from the marriage is essential to securing your financial future. So is working for the spousal and child support you need to take care of your children and yourself comfortably. However,...
Don’t forget about your reward programs as you divorce
Amid the negotiations with your spouse over child custody, alimony and property division, it's easy to overlook some valuable assets. Among these are airline frequent flyer miles and reward points. If you and your spouse have spent your marriage flying around the...
Helping your adult children deal with your divorce
Over the past two decades, the divorce rate among couples in their 50s and older has almost doubled. Many of these couples don't have young kids or even teens, so they don't have to worry about custody division and child support issues. However, these couples often...
Don’t let divorce derail your kids’ college dreams
If your kids are very young when you divorce, paying for their college education may not be uppermost in your mind at this time. However, divorce can have a devastating impact on their goals if parents don't include college savings provisions in their divorce...
Why becoming empty-nesters can mean the end of a marriage
We've all heard of the "Seven Year Itch." There was even a movie by that title in which a faithful husband is tempted by a woman he meets on vacation, played by Marilyn Monroe. Now researchers are seeing a growing phenomenon that some call the "20-year itch." It's one...