Toth Financial, LLC
8270 Woodland Center Blvd
Tampa, FL 33614
ph: (813) 920-4904
alt: (813) 541-6420
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Recent Articles that may be of interest...
The page provides recent news and articles regarding family related financial issues.
Budgeting Income and Expenses During Divorce
Article from WomensDivorce.com
Lifestyles, Budgeting, and Divorce By Kathleen Miller
The importance of budgeting income and expenses during divorce is so important, yet it's often overlooked or not taken seriously. With a well-documented budget, you can give proof to the standard of living that was maintained during the marriage. Plus, a detailed budget can help you realistically approach living solely on your own income. The following article highlights the importance of developing such a budget, as well as gives tips to help you get started.
To read more, click on the link above.
Divorce financial analyst designation a useful tool in mediating settlements
Memphis Business Journal, October 26, 2007
After practicing law for 29 years, Mimi Phillips is working on her first case using a certified divorce financial analyst.
Phillips, a general practice attorney with Phillips and Associates, has been mediating in domestic relations cases for three years in addition to her general practice. She is working with James Whitehead, a partner at Shoemaker Financial.
Mediating using a financial analyst is nothing new, but working with a financial adviser who has a CDFA designation is a rather new concept, Phillips says.
"Before using CDFAs, we would use accountants and we still do -- they are invaluable -- but a CDFA is so specialized, it makes it more cost-effective, and the process goes so much smoother," Phillips says.
To read more, click on the link aboveTAX Planning for divorce
There are some several things you should consider in tax planning for life's changes. Read this article for a few ideas on what you should consider when working through separation and divorce...
Costs of a breakup
Wall Street Journal Article - July 23, 2006
People don't ever get married thinking that a divorce is in their future. But if you and your spouse decide to untie the knot, there are various routes you can take, from having your lawyers slug it out in court to filing divorce documents yourselves.
The right choice will depend on your circumstances. But when it comes to financial matters such as dividing up property, be aware that long, emotional arguments can mean big delays and hefty legal bills. To avoid this, try to "approach [divorce] like a business deal and leave the emotion and anger outside the door," suggests Barbara Shapiro, a certified divorce financial analyst with HMS Financial Group, Dedham, Mass
To read more, click on link above.
Divorce: Counting Money Gets Tougher
Wall Street Journal Aricle - May 5, 2007
AVOIDING DIVORCE TRAPS
• Steps you can take to safeguard your finances during and after a divorce:• Consider other ways to divorce. Litigious divorces can cost tens of thousands of dollars in legal fees and last for years. Opt for alternative ways to reach an agreement, such as mediation or collaborative divorce.• Keep taxes in mind. A stock portfolio split down the middle might not really be equal, if there are embedded losses or gains in the portfolio.• Don't be house poor. Many divorcing spouses want to keep their homes for emotional reasons and to provide stability for the kids. But maintaining a house also means mortgage, tax and upkeep expenses.• Splitting up retirement plans? That involves tricky tax rules, so be sure you have the proper paperwork and talk to legal and tax advisers.• Update wills, trusts and beneficiary designations on retirement plans and insurance, so your ex doesn't end up inheriting an unintended windfall.To read more, click on link above.How to beat The High Cost of divorce
How Couples Can Split Without Spending a Fortune With Online Services, Mediation
To read more, click on the link above.
A New Era deserves a new divorce model
Washington State Bar Association article - July 2006Achieving equitable divorce settlements means understanding modern social and economic trends
To read more, link on the link above.
Internet Resources regarding The cost of divorce
How Much does a divorce cost?
DivorceNet Contains divorce, alimony, and custody information and resources.
Divorce Support Presents state laws, professional directories, books, documents, and more.
Divorce Central Service and support center for the divorced and the divorcing.
Modern Woman's Divorce Guide Written by lawyers and doctors for women. Find articles and tools on child custody, support, divorce, finding pro bono legal help, lawyers, mediators, and more.
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8270 Woodland Center Blvd
Tampa, FL 33614
ph: (813) 920-4904
alt: (813) 541-6420
ktoth
