Getting Divorced? Archives – Michele Cagan, CPA

8 Ways Selling Your Rings Can Help You Move Forward After Divorce

06/25/2018
Get Help When You Need It, Getting Divorced?, Protect Your Financial Future, Single Mom CPA

Some of the links on this page are affiliate links. That means if you click on those links, I may receive compensation. I felt sad every time I saw my engagement ring in the jewelry box. It wasn’t your standard engagement ring– I’ve never been a big fan of diamonds. Instead, I had a small emerald in a simple setting, and I loved it. For a long time after my divorce, I held on to that ring, thinking that someday I might wear it again when seeing it stopped making me feel bad. That never happened. So I finally sold…

How to Take Control of Your Financial Divorce

03/01/2018
Getting Divorced?, Protect Your Financial Future, Single Mom CPA

When you’re going through a divorce, a lot can slip through the cracks. Emotions and financial issues get intertwined, and that can lead to some very unfortunate outcomes – especially when kids are involved. The best thing you can do for yourself is be prepared for the settlement talks. That means collecting a lot of financial information. Whoever is handling your divorce will be asking for a lot of paperwork – but some of that will be based on what you’ve revealed about your financial situation. And when you’re upset…angry…depressed…stressed…and freaking out, it’s hard to remember everything and easy for…

7 Things You NEED to Know about Debt and Divorce

03/01/2018
Getting Divorced?, Managing Debt, Protect Your Financial Future, Single Mom CPA

Divorce and debt are hard enough to deal with separately, and when they come together, it can be like navigating a minefield. The most important thing you can do about this is to protect yourself in every way you can. And the first step toward that is knowing exactly what you're up against when it comes to debt and your divorce. Specific rules about divorce and debt may vary by state, especially between community property and common law states, so ask your lawyer about which debts you could be responsible for. You're responsible for all joint debts taken on while…

Getting Back on Financial Track During – and After – Divorce

03/01/2018
Get Help When You Need It, Getting Divorced?, Single Mom CPA

All of a sudden, you're in charge of everything: kids, house, money. You've barely absorbed the decision to divorce and already everything has changed. It can all feel overwhelming, even paralyzing. Simple financial tasks like paying bills can suddenly feel impossible to manage. When you're faced with so many unanswered questions (Can I afford to stay in the house? Will the child support be enough? Will I lose my health insurance?), the stress and fear can take over. And that can knock your finances even further off track. There are some steps you can take now to set your post-marriage…

Getting Divorced? Get Your Financial Facts

03/01/2018
Get Help When You Need It, Getting Divorced?, Single Mom CPA

One key way to protect your finances from taking a post-marriage dive is to know your full financial picture. You can’t make the best decisions if you don’t have all the information. With some preparation and organization…and sometimes a little digging…you’ll have the facts you need to make informed choices about your financial life going forward. If you haven’t had much to do with the finances before, this can all seem really overwhelming. When you start getting your financial facts in order, you’ll begin to take control and gain confidence. Don’t worry if some things don’t make sense to you…