Divorces surge after the holidays. "The Complete Guide to Protecting Your Financial Security When Getting a Divorce" (McGraw-Hill) helps couples settle fairly while facing holiday bloated credit-card
December 9, 2004 (Press Release) --
As the holidays wind down, divorce attorneys brace for the annual surge of divorce filings. Apparently, filers feel compelled to get through a last holiday together, "for the sake of the kids," often only to then forsake the kids in favor of expensive and indulgent sparring over the financial spoils (or debts) of their marriage. Divorce doesn't have to be that way, however, as revealed in a revolutionary new book: "The Complete Guide to Protecting Your Financial Security When Getting a Divorce" (McGraw-Hill)
There are no miracle antidotes for the potentially poisonous anger, despair, and other raw feelings that make divorce so emotionally devastating. But there are detoxification formulas that enable both spouses, and most importantly their kids, to emerge from divorce financially functional--with a much better chance of avoiding a financially dysfunctional future.
These formulas are based on the mathematics of marital dissolution, but couples needn't decipher algebra to understand them. Instead, they must simply understand basic arithmetic: the cost of 2 apart is more than the cost of 1 + 1 together. Once both halves of a couple comprehend why their common goal must be to cut their collective losses, they'll be more likely to win each other's confidence that they can reach an equitable settlement based on these principles:
- An even split now is often anything but equitable later, and how to base a fair settlement on cash-flow and net-worth projections appropriate to a marriage’s “economic history.”
- Mediation or arbitration, mostly do-it-yourself,or the new collaborative-attorneys divorce are preferable to traditional adversarial-attorney divorce--often supplemented by specialized professional advice is needed.
- The need for sold financial-action plans--for before, during, and after the divorce—that control expenses and use optimal tax planning to preserve the maximum marital assets; both parties win when they both think they've lost! Recognizing that divorce attorneys are legal, not financial, experts.
- Having a basic understanding of complex property and support issues such as commingled funds, both spouses’ rights to pensions and social security, business valuation, creative management of the marital home, and front-loaded spousal support.
Breaking Ground...Not the Bank
Of course, some of these issues have been covered elsewhere, but the authors' work is unique and ground-breaking in a number of ways:
- Takes a "prospective approach" (i.e. looking at future cash-flow implications of a settlement proposal) to divorce negotiations.
- Provides information equally suited to both men and women, as opposed to a typically male slant or female slant.
- Details 2 hypothetical but realistic comprehensive case studies to illustrate principles emphasized throughout.
- Utilizes a cost/benefit approach to the divorce process that constantly emphasizes how both parties end up losing when they exhaust unnecessary resources in order to get what's "rightfully theirs."
- Puts kids foremost throughout, reminding parents that their primary obligation is that their kids don't lose.
There are no miracle antidotes for the potentially poisonous anger, despair, and other raw feelings that make divorce so emotionally devastating. But there are detoxification formulas that enable both spouses, and most importantly their kids, to emerge from divorce financially functional--with a much better chance of avoiding a financially dysfunctional future.
These formulas are based on the mathematics of marital dissolution, but couples needn't decipher algebra to understand them. Instead, they must simply understand basic arithmetic: the cost of 2 apart is more than the cost of 1 + 1 together. Once both halves of a couple comprehend why their common goal must be to cut their collective losses, they'll be more likely to win each other's confidence that they can reach an equitable settlement based on these principles:
- An even split now is often anything but equitable later, and how to base a fair settlement on cash-flow and net-worth projections appropriate to a marriage’s “economic history.”
- Mediation or arbitration, mostly do-it-yourself,or the new collaborative-attorneys divorce are preferable to traditional adversarial-attorney divorce--often supplemented by specialized professional advice is needed.
- The need for sold financial-action plans--for before, during, and after the divorce—that control expenses and use optimal tax planning to preserve the maximum marital assets; both parties win when they both think they've lost! Recognizing that divorce attorneys are legal, not financial, experts.
- Having a basic understanding of complex property and support issues such as commingled funds, both spouses’ rights to pensions and social security, business valuation, creative management of the marital home, and front-loaded spousal support.
Breaking Ground...Not the Bank
Of course, some of these issues have been covered elsewhere, but the authors' work is unique and ground-breaking in a number of ways:
- Takes a "prospective approach" (i.e. looking at future cash-flow implications of a settlement proposal) to divorce negotiations.
- Provides information equally suited to both men and women, as opposed to a typically male slant or female slant.
- Details 2 hypothetical but realistic comprehensive case studies to illustrate principles emphasized throughout.
- Utilizes a cost/benefit approach to the divorce process that constantly emphasizes how both parties end up losing when they exhaust unnecessary resources in order to get what's "rightfully theirs."
- Puts kids foremost throughout, reminding parents that their primary obligation is that their kids don't lose.
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