Going through a divorce can play havoc with your finances. Generally, the same amount of money that supported one household must now be divided to support two of them. This often means, at least for a time, each individual's net worth and household income will be reduced. If a couple can work together in a Collaborative Divorce process, you can establish new financial goals and create a … [Read more...] about Rebuilding Your Finances After a Divorce
Archives for January 2022
Tax Issues to Look Out for in a California Divorce
Married couples going through a divorce that is not yet final on the last day of the year are often confused about how to file their tax returns. The major thing to realize is that they are still married in the eyes of the IRS for their federal taxes and in the eyes of the California Franchise Tax Board for filing California taxes. This means they cannot file under single status because they … [Read more...] about Tax Issues to Look Out for in a California Divorce