Peaceful Divorce

All Blog Posts (261)

What Is The Difference Between Alimony and Child Support?

In terms of taxation, there is a big difference between alimony and child support.

Alimony is considered tax-deductible for the payor and taxable income for the payee. For alimony to be deductible, the payor and payee cannot file a joint return or live under the…

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Added by Robert D. Bordett, CFP, CDFA on June 16, 2014 at 7:00pm — No Comments

Do You Speak In Plain Language?

The Plain Language movement is taking place all over the globe, including right here in Georgia. Municipalities, fed up with complaints from confused constituents, are looking for a way to use as few, unambiguous words as possible to get an idea across. With this, a lot of time can indeed be saved. Take this example of legalese being translated into…

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Added by Robert D. Bordett, CFP, CDFA on June 16, 2014 at 12:30am — No Comments

What Are The Tax Implications of Divorce?

What Are The Tax Implications of Divorce? By Bob Bordett Every divorce is different, but there is no doubt that it will change the way you approach and file your taxes.

That’s why seeking divorce advice from professionals before any official proceedings is a prudent move. There are many significant tax implications to consider, such as:

  • Filing status
  • Child…
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Added by Robert D. Bordett, CFP, CDFA on June 3, 2014 at 2:00pm — No Comments

The Good, The Bad and The Ugly: Prenuptial Agreements

Over the last several years I have seen a number of clients who are entering into their divorces with prenuptial agreements already in place.

As I thought about couples considering what to include in their prenuptial agreements, I remembered an article from many years ago published in The New York Times…

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Added by Robert D. Bordett, CFP, CDFA on May 13, 2014 at 11:00am — No Comments

Tax Identity Fraud

Whether divorcing or not, one of the things that people need to be aware of is the increasing problem of tax identity fraud.

I know this from personal experience. A few years ago, after sending in a check to the Internal Revenue Service, I received notice that I had already filed. I only found out when my mortgage company called to notify me that the IRS…

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Added by Robert D. Bordett, CFP, CDFA on April 29, 2014 at 1:55pm — No Comments

The Internet’s Impact on Divorce

Life today is not the same as it was 20 years ago. The amount of information available with a click of the mouse makes us all better parents, patients and consumers. I’ve watched as the Internet’s influence on my clients has made them better-prepared for the important, and sometimes quite complicated, issues at hand. It has also been a great…

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Added by Robert D. Bordett, CFP, CDFA on April 15, 2014 at 3:00pm — No Comments

Self-Determination: The essence of mediation

One of the standards of practice in mediation has always been that the mediator should recognize that self-determination is a major part of the decision-making of the participants. But what is self-determination?

Self-determination is based on the individual's ability to make their own informed decisions based on their…

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Added by Robert D. Bordett, CFP, CDFA on April 1, 2014 at 12:19pm — No Comments

Budgeting During Divorce

So you've filled out your financial affidavit that was required during the divorce process, and chances are your budget was left lopsided. Now is the time to look at your spending plan - not months after you’ve waded deeper into debt.

Creating any kind of budget is not something most people relish - especially in the middle of a…

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Added by Robert D. Bordett, CFP, CDFA on March 18, 2014 at 5:16pm — No Comments

American Tax Relief Act

With a little under two months to go until tax day, some divorcing couples are beginning to receive surprising news from their tax professionals. Could you have a surprise when you’re preparing your 2013 income taxes?

In January 2013, Congress passed the American Tax Relief Act (ATRA).…

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Added by Robert D. Bordett, CFP, CDFA on February 26, 2014 at 2:12pm — No Comments

“Split” is A Movie All Divorce Professionals Should See

In October 2013, I was attending the annual conference of the Academy of Professional Family Mediators in Denver. While there I met colleagues from around the country who had a great deal to share about both the fiscal and emotional aspects of divorce. It was an intense learning experience for everyone involved, but we were lucky enough to be…

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Added by Robert D. Bordett, CFP, CDFA on February 3, 2014 at 2:30pm — No Comments

Which Type Of Mediation Will Best Resolve Your Dispute?

When many people think about mediation, they assume that the term simply refers to a professional sitting with two conflicting parties in a room and trying to get them to negotiate and reach a compromise. While this is somewhat of an accurate picture, what people often fail to realize is that there are several different styles of…

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Added by Robert D. Bordett, CFP, CDFA on January 21, 2014 at 2:43pm — No Comments

Is Co-Mediation The Right Choice For Your Divorce?

One option available to couples seeking to amicably resolve their divorce is co-mediation. This is simply a form of mediation is which 2 mediators are present to help facilitate a mutually beneficial resolution. Having a second mediator present can be helpful for a number of reasons:…



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Added by Robert D. Bordett, CFP, CDFA on January 7, 2014 at 10:30am — No Comments

Using A Specialist To Help Your Divorcing Clients and Build A Referral Business

In my last blog, I wrote about the wise use of professional specialists. This article contains a cautionary tale which shows how bringing in the professional specialist early on can prevent considerable problems later.

The…

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Added by Robert D. Bordett, CFP, CDFA on December 17, 2013 at 3:29pm — No Comments

The Inside Scoop on the New Mortgage Rules from an Expert

One of the things I have learned over the years is that we can not 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.

In the past it was the attorney’s job to do everything.…

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Added by Robert D. Bordett, CFP, CDFA on December 4, 2013 at 2:03pm — No Comments

Things That We Don’t Think About After Getting Divorced

Financial issues are a big part of the difficulty of divorce. Being able to identify them can take away some of the pitfalls, stresses, and surprises. Foremost on your mind should be evaluating important post-divorce items such as cash flow and putting together a spending…

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Added by Robert D. Bordett, CFP, CDFA on November 19, 2013 at 12:00pm — No Comments

Continuing Education on Divorce Issues

The last week of September and the first week of October were busy ones for me. I had the pleasure of spending time learning more about the latest issues in divorce planning and Alternative Dispute Resolution methods.



I spent over 48 hours taking courses, learning…

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Added by Robert D. Bordett, CFP, CDFA on November 5, 2013 at 3:17pm — No Comments

Affordable Care Act Could Ease Divorce’s Financial Sting

The cost of health insurance is one of the major factors to consider for a couple going through a divorce.

Last year the University of Michigan released a study which found that 115,000 women lose their private health insurance every year in the wake of divorce. Under the Affordable Care Act (ACA) it is hoped that health care costs will decline for some of these women as of January 1st, 2014.…

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Added by Robert D. Bordett, CFP, CDFA on October 23, 2013 at 8:14pm — No Comments

Suggestions for Effective Collaborative Negotiations: The Help List

I was reading an excellent book called Collaborative Divorce, written by Pauline Tesler and Peggy Thompson, which gave me pause to consider what people should really think about when they come in for Collaborative Divorce.  I’ve known Pauline and Peggy since they trained me in Collaborative Divorce back in 1999 and their…

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Added by Robert D. Bordett, CFP, CDFA on November 27, 2012 at 9:30am — No Comments

Working Together to Send Your Kids to College

People going through divorce are getting smarter. They’re looking for ways to work together for the good of the family - in their parenting arrangements, financial settlements and in the education of their children. Sending a child to college is one of the most significant financial burdens divorced parents can face today, but there are choices…

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Added by Robert D. Bordett, CFP, CDFA on November 14, 2012 at 11:56am — No Comments

Working Together to Send Your Kids to College

People going through divorce are getting smarter. They’re looking for ways to work together for the good of the family - in their parenting arrangements, financial settlements and in the education of their children. Sending a child to college is one of the most significant financial burdens divorced parents can face today, but there are choices that you can…

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Added by Robert D. Bordett, CFP, CDFA on November 14, 2012 at 11:55am — No Comments

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Robert D. Bordett, CFP, CDFA posted a blog post

What About the House?

Going through divorce means dealing with hundreds of details, some more important than others. One detail that merits extra contemplation is how to deal with the marital home.Does one spouse want to keep it because the children still live there? You don't want to disrupt their lives any more than is already happening. What if the children are grown? Do you still need that much of a house?Here are the three most common means of dealing with the house in divorce:Selling the house and dividing the…See More
Apr 24
Robert D. Bordett, CFP, CDFA posted a blog post

Child Support for Special Needs Children

We know that the divorce rate among all couples is about 50%, but there is no question that divorce rates are even higher among parents of children with special needs.Below is an article that was written by Dr. Howard Drutman and Marsha Schechtman, LCSW. In this article, they talk about the considerations that must be understood about the special needs child. In addition to their information, we also have to think…See More
Mar 28
Robert D. Bordett, CFP, CDFA posted a blog post

An Email From the IRS? Don't Believe It

Scam artists have developed a new tactic in cheating taxpayers out of their hard-earned money.Transcript fraud is when taxpayers are lured into opening an attachment that is supposed to be their tax transcript. In fact, the attachment contains malware that will intercept all of your outgoing data, with the intent of capturing account numbers. From there, the thieves withdraw the money and the taxpayer is left without…See More
Feb 21
Robert D. Bordett, CFP, CDFA posted a blog post

2018 Taxes & Divorce: There Is Still Time

If you are getting divorced or just got divorced the last thing on your mind is taxes. It is important to remember that if you got divorced anytime in 2018 (even Dec. 31, 2018), you will be considered divorced for the whole year of 2018. What does that mean for taxes?It could mean a higher tax bill than you thought.  If you are receiving alimony this year it will be taxable to you.  If you are…See More
Dec 28, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

Tax Tips for the Recently Divorced

We are only 4 weeks away from the end of the year. What does that mean for people who have gotten divorced in 2018?It means you have to get ready to file your tax returns for the year ending 2018 by April 15, 2019, or else extend it. Remember, just because you extend it, you still have to pay any tax that you owe by April 15, 2019.If you got divorced in 2017, here are some items you need to think about for tax…See More
Dec 12, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

An Elegant Solution: The Child Support Account

Today I’m pleased to bring you a special guest blog written by my colleague Steve Erickson. In his 35 years of experience, Steve has come up with a novel approach to child support that shifts couples away from being adversarial and toward collaboration. This method is called the Child Support Account, and it was originally proposed…See More
Nov 15, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

Withholding: A Down Payment, not a Tax

In my experience, many people do not know the difference between the withholding amount (the taxes deducted on your pay stub) and their tax liability. All they know is that they don’t have the money. They think they’re square with the government, and are surprised if they owe any amount on top of what was withheld. That’s why I thought it would be useful to review the…See More
Oct 25, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

Divorce & Support Payments – When Can You Use it to Qualify for a Mortgage?

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 with divorce professionals. I think it is important that practitioners have a network of specialists on which to draw. Today I am going to do just…See More
Oct 4, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

Projecting Your 2018 Taxes

Have you thought about doing a tax projection for 2018?Obviously, this isn’t everyone’s cup of tea. However, no one wants to be surprised around tax time. Here’s why you should get a head start on knowing the new tax law and how it will affect you and/or your business in the coming tax year.We are seven months into the New Year. You may not be aware that we have a new tax law that went into effect on December 22, 2017, or that most of the provisions took effect on January 1, 2018.Here are some…See More
Aug 23, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

Mediators: The Swiss Army Knife of Divorce

Today I’m featuring an article by a colleague of mine named Martin Kranitz. Martin, a mediator in Maryland, has obtained certification from the Maryland Council for Dispute Resolution, one of the first organizations to provide mediator certification based on demonstrated performance rather than just education and mediation courses taken.  In this piece, Martin discusses one of the many functions a mediator can play,…See More
Jul 12, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

The Top 3 Reasons to Choose Mediation

As attitudes change about marriage and divorce, mediation has become an attractive alternative to traditional litigation. Still, some people are wary of it. The good news is that the facts support mediation, and in this post I provide a “cheat sheet” to help you persuade a reticent spouse into the process.Control: You and your spouse get to control the speed of the process. You both get to make…See More
Jun 5, 2018
Robert D. Bordett, CFP, CDFA posted a blog post

Things We Don’t Think About When Getting Divorced

Financial issues are a big part of the difficulty of divorce, in part because people don’t realize there are certain contracts that take precedence over divorce decrees. In fact, that’s the number one misconception that people seem to have. Being able to identify financial issues can help take away some of the pitfalls and stresses that can arise…See More
May 31, 2018

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