Often when people go through a divorce, their emotions are tied up. The questions on their mind are “how does this marriage end?” and “what do I get financially?” When they do think about health insurance, they usually don't consider long-term care insurance (LTCi). Why is it so important for recently divorced or currently divorcing couples to think about long term…Continue
Added by Robert D. Bordett, CFP, CDFA on July 5, 2017 at 3:30pm — No Comments
Perhaps you’ve heard about the phenomenon known as the “grey divorce” and are wondering what it’s all about. An important study conducted by the Department of Sociology and the National Center for Family and Marriage Research at Bowling Green State University entitled “The Grey Divorce Revolution” addressed this issue. I was attending the Institute for Divorce…Continue
Added by Robert D. Bordett, CFP, CDFA on June 7, 2017 at 5:15pm — No Comments
I recently attended a conference for The Academy of Professional Family Mediators in Memphis, Tennessee. One of the workshops I participated in was on elder care mediation, which gave some fascinating insights. A 2001 study, done by Debra B. Gentry, showed nearly 40% of adult children providing care for their parents reported serious conflict with siblings, usually related to a lack of sufficient help from those…Continue
Added by Robert D. Bordett, CFP, CDFA on May 17, 2017 at 3:31pm — No Comments
I very much appreciate working on divorce cases with a team, as it has so much value for clients. Mental health professionals can bring much-needed clarity to very difficult situations. The following article, written by Howard Dructman, PhD and Marsha Schechtman, LCSW, Atlanta Behavioral Consultants, explains how the concept of parallel…Continue
Added by Robert D. Bordett, CFP, CDFA on April 11, 2017 at 3:30pm — No Comments
We all hate the word budget. How many times have you had a budget that never worked and only made life harder? And when you didn't follow it, did you feel like you failed?
If a budget is done right, it will provide many benefits that are crucial when going through a divorce.
A budget is a guideline to…
Added by Robert D. Bordett, CFP, CDFA on March 23, 2017 at 2:00pm — No Comments
People have a range of preconceptions about divorce, the law, and the courts. In reality, going before a judge to air your grievances about your soon-to-be ex-spouse is rarely as satisfying as movies and television shows may have you believe. Mediation offers a private, cost-efficient alternative to litigation—but before you choose either venue, there are some guiding principles to keep…Continue
Added by Robert D. Bordett, CFP, CDFA on March 7, 2017 at 4:42pm — No Comments
Time flies when you’re having fun; here we find ourselves in a new year, with new challenges ahead—and of course our taxes are due. So let’s bring you up to date on some tax changes that we know of. (Remember this year could bring other tax changes that we don’t know about at this time).
One big change is that 1099s have to be…Continue
Added by Robert D. Bordett, CFP, CDFA on February 7, 2017 at 5:15pm — No Comments
The Association of Divorce Financial Planners held their annual conference this past October. One of the keynote speakers was Mary Beth Franklin, CFP, who is a contributing editor for Investment News. She spoke about the new Social Security rules and how to maximize benefits. Here is part of her talk relating to divorce:
If married at least 10 years and currently unmarried, you may be able to collect on your…Continue
Added by Robert D. Bordett, CFP, CDFA on December 29, 2016 at 6:13pm — No Comments
I recently attended The Association of Divorce Financial Planners 2016 Divorce Catalyst Conference, held from October 27-29. There were a number of excellent speakers and interesting topics presented over the three days:
The keynote speaker was Jeff Brend. Jeff is an attorney who…Continue
Added by Robert D. Bordett, CFP, CDFA on November 23, 2016 at 6:00pm — No Comments
One of the things I have learned over the years is that I cannot be a Jack-of-all-trades and a master-of-none. In today’s ever-changing world, we need to have connections with professionals in other disciplines and specialties. This is especially true working in the divorce area.
In the past, it was the attorney’s job to…Continue
Added by Robert D. Bordett, CFP, CDFA on October 27, 2016 at 6:27pm — No Comments
In my last blog, I had an article by Scott Evans about ARM Rates. This is a continuation of mortgages. Scott Evans wrote about Home Equity Line Resets.
Home Equity Line…Continue
Added by Robert D. Bordett, CFP, CDFA on October 18, 2016 at 3:30pm — No Comments
One of the things I have learned over the years is that we cannot be a Jack-of-all-trades and a master-of-none. In today’s ever-changing world, we need to have connections with professionals in other disciplines and specialities. This is especially true working in the divorce area.
I think it is important that we do the same thing and…Continue
Added by Robert D. Bordett, CFP, CDFA on September 29, 2016 at 5:30pm — No Comments
The simple answer to the question of why you should choose the collaborative process for your divorce is that it preserves the family relationship. Clients that have engaged in the collaborative process have said the following regarding their experience with collaborative divorce:
Added by Robert D. Bordett, CFP, CDFA on September 1, 2016 at 2:00pm — No Comments
Mediation begins when couples make the decision to divorce, then choose a mediator. Mediation has several advantages, including the fact that divorcing couples remain in control of their own fate, giving them the power to make important decisions concerning their children and their property. Mediation is also:
Added by Robert D. Bordett, CFP, CDFA on August 17, 2016 at 2:00pm — No Comments
In Georgia, teachers’ retirement benefits through the TRS (Teachers Retirement System) are not divisible by law. Divorce decrees have no impact on your TRS account, and the TRS is not subject to Qualified Domestic Relation Orders, or QDROs. TRS funds are also exempt from levy, garnishment, or catchment, and a member of…Continue
Added by Robert D. Bordett, CFP, CDFA on August 3, 2016 at 4:20pm — No Comments
When we were young we thought our parents were indestructible. They played with us in the yard and on the floor. They climbed ladders and would clean out the gutters every fall. As we grew older, we became more indestructible and watched as our parents became more cautious and careful. Then we started having our families and children…Continue
Added by Robert D. Bordett, CFP, CDFA on July 12, 2016 at 4:14pm — No Comments
Divorce is a difficult experience to go through. Besides the emotional toll, there are lots of little details you have to remember to take care of. Some of those details include:
•Completing any title transfer assets (preferably before the divorce…Continue
Added by Robert D. Bordett, CFP, CDFA on June 22, 2016 at 5:00pm — No Comments
Divorce professionals are keenly aware that each state passes and enforces its own set of laws. What is less known is the existence of the Uniform Law Commission (ULC)—and how it is leading the way for a consistent application of collaborative law throughout the country.
The ULC works by identifying which…Continue
Added by Robert D. Bordett, CFP, CDFA on June 9, 2016 at 4:00pm — No Comments
Thank you to Melody Richardson of Richardson, Bloom and Lines, LLC of Atlanta, for our first book review. The book being discussed is Dr. Howard Drutman’s book “Divorce: The Art of Screwing Up Your Children.”
Dr. Drutman’s sardonic new book, “Divorce: The Art of Screwing Up Your Children”, is a “how-to” book for parents who have become so embroiled in the battle with their children’s other parent that they have become blind to how that battle is screwing up…Continue
Added by Robert D. Bordett, CFP, CDFA on May 31, 2016 at 5:16pm — No Comments
On December 18, 2015, the Protecting Americans from Tax Hikes Act of 2015 was enacted. It extended permanently more than 20 key tax provisions. As well, some of the tax provisions that expired at the end of 2014 were extended for five…Continue
Added by Robert D. Bordett, CFP, CDFA on April 28, 2016 at 4:30pm — No Comments