It’s cheaper to stay married than to divorce.
It’s cheaper to divorce than stay married.
The spouse who retains the home always comes out better financially.
All divorce attorneys charge comparable fees.
Make a comprehensive list of all your assets, including retirement accounts.
Don’t worry about credit card debt; it will only affect your spouse.
Cash-in your IRA to fund the cost of your divorce.
Use the same attorney as your spouse.
None of the above are good suggestions.
Life and health insurance companies
None of the above
Total amount owed (your debt)
Cash value of any insurance policies
All retirement benefits
Bank and investment balances
Child care credits
Timing of the divorce
None of the above; they all have tax consequences.
Recommendations on what the employee should or should not do
Information written at a 10th-grade reading level
Improve financial literacy since finances are a major factor in most family conflicts
Learn how and when to compromise
Consult a mutually trusted professional counselor
Communicate about money management styles
Arrange a stress-free vacation
Get professional financial help
Know social security options
Close credit cards in spouse's name
Take steps to plan for a stronger financial future
The spouse is putting too much on credit cards
The spouse spends too much on himself/herself
The spouse doesn’t want to save for the future
The spouse has a poor credit rating
None of the above. It’s never our place to recommend a divorce.
Foreign countries advertising quick and simple divorces
Any attorney who advertises in the yellow pages
Lawyers who use the Internet as the only client communication method
A business that claims to take care of all necessary divorce proceedings by only mailing or wiring a set fee
A “do-it-yourself” plan for a contested divorce
Whatever the author decides is correct.
It is a huge distraction for the employee
Employees will miss work for attorney and court meetings
Employee may be depressed and more susceptible to health problems
HR has to get involved in completing court, employment, and retirement paperwork