Dr. Judith Gerhart, CFP
Certified Divorce Financial Analyst 
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« Previous Articles Next Articles »Divorce: The next step
Sunday, July 19th, 2009
Most researchers tell us that divorce hits our children the hardest, and time has proven this to be correct. The negative impact, however, does not have to be long lasting or permanent; there are steps that can be taken to turn things around.
First as parents we need to realize a few things. There is no [...]
Recession and Divorce
Friday, July 17th, 2009
In the classic wedding vows — the ones with ”for richer, for poorer” — there’s no mention of the best time to divorce. But one divorce lawyer is trying to fill the gap. His suggestion: If a man’s going to leave his wife anyway, the recession might be the time to do it. Income, business [...]
How To Keep Children Healthy After Divorce
Thursday, July 16th, 2009
(Taylor, PA)—Parents face unique challenges after divorce—perhaps none more daunting than promoting and maintaining their children’s healthy lifestyles as they shuttle between two homes.
Proper diet as well as good study habits, extracurricular activities and robust athletics are the key to a child’s health and well-being, according to the U.S. Department of Education.
What is necessary is [...]
Divorce Attorneys - Pros and Cons
Wednesday, July 15th, 2009
Divorce is one of the most stressful periods any person can go through, and it can be helpful to have a professional adviser on your side. At the same time, divorce attorneys can be expensive, particularly in the current financial downturn. What should you do?
The course you choose will depend on a combination of factors. [...]
Dating After Divorce
Monday, July 13th, 2009
Challenge #1: Getting Up to Speed
Knowing the dating rules are one thing, applying them is another. Trust me when I say, “You can do this!” No, really—you can! You are a divorce warrior, and this is just a date. So, before you talk yourself out of it, let me just tell you that you are [...]
Estate and Financial Planning
Sunday, July 12th, 2009
If you weren’t working with a financial or estate planner during the divorce, it’s time to do so now. You are literally starting a new household, and that means new money issues to face. Here are some ideas to consider:
Start with a financial planner: Get a baseline look at your finances as soon as possible [...]
Social Networks and Divorce
Saturday, July 11th, 2009
For those who want to connect or reconnect with others, social-networking sites are a huge, glorious honeypot. But for those who are disconnecting, they can make things quite sticky. And as the age of online-social-network users creeps up, it overlaps more with the age of divorce-lawyer users, resulting in the kind of semipublic laundry-airing [...]
Pay Attention to Taxes
Saturday, July 4th, 2009
Liquidation of real estate, stocks and mutual funds you receive through a divorce decree may result in taxable capital gains or losses. It may be particularly important to consider the rules around the exclusion of gain on the sale of your home. Even alimony is taxed as ordinary income to the recipient and it is [...]
Divide and Conquer Your Debts
Friday, July 3rd, 2009
If you can, try to pay off and/or close joint accounts before entering divorce negotiations. Debts incurred during marriage will follow you, and if your former spouse fails to pay even after he or she has agreed to take on the responsibility, the debtor can go after you to resolve the debt. If you are [...]
Plan For Your Future
Thursday, July 2nd, 2009
Once you have divided your assets, arrange to meet with a financial advisor to create a new financial plan that takes into account your individual hopes and dreams for the future. If you take these simple precautions to manage the financial side of a marital split, you will establish a stronger foundation on which to [...]
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