Peaceful Divorce

June 2014 Blog Posts (3)

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

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

What Is a Caucus?

One of the guiding values in mediation and collaborative law is transparency. It comes with the territory when one is trying to establish trust with two different parties. Sometimes an issue may arise that one party may wish not to discuss in front of the other. If they both agree, separate meetings may take place. These meetings are called caucuses.Caucuses can be…See More
yesterday
Robert D. Bordett, CFP, CDFA posted a blog post

How Important Is the Budget in Divorce Planning?

I think everyone’s least favorite word is BUDGET. Why don’t we want to hear that word? Think about it: We’re asking ourselves to do something we don’t want to do — or worse yet, someone else is asking us to do it. While we might not like them, having a budget does help. In divorce planning — whether you are going to litigation,…See More
Sep 18
Robert D. Bordett, CFP, CDFA posted a blog post

21st Century Parenting Plans

I remember when the default custody arrangement had one parent as the custodial parent, and the other parent was known as the “Disneyland parent.” They had their children every other weekend, and maybe once during the week for dinner. Today it is more common to see joint parenting time consist of one week on, and one week off or “two-two-five-five” time,…See More
Aug 15
Robert D. Bordett, CFP, CDFA posted a blog post

Including a Financial Professional in Your Mediation

Very often, couples who are divorcing amicably, or who have straightforward financial situations, will forgo meeting with a financial professional while they go through mediation. Though this may seem logical on its face, “going it alone” may result in unnecessary hardship and inaccurate calculations.  It is easy to simply look at a tax table today and say “I am going…See More
Jul 30
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

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