Marital Status Change

Request a consultation here, to discuss your specific situation with seasoned CPAs, attorneys, and advisors at no cost to youSubmit your contact information below. We will reach out to schedule a time with you.

Divorce is hard.
Sorting out the legal and financial hurdles doesn't have to be.

We perform a financial analysis of the divorce decree to protect your interests.

We perform a financial analysis of the divorce decree to protect your interests.

You're not alone. We'll help you restart a secure financial future.

Frequently Asked Questions

Analysts recommend a retirement income of 80% of your final employment income. The average retirement household income is about $48,000 before taxes and spends about $46,000 per year. The average social security income in retirement is about $40,000 per year.

At our firm, we can determine your ideal retirement income based on your specific wants and needs.

After your retirement income is set, we can design a plan positioning you to achieve it.

You can begin taking social security benefits as early as age 62 (or earlier if you’re the survivor of another social security claimant, or on disability). You can wait until as late as age 70. You only get maximum social security payments if you wait until full retirement age (FRA). FRA varies between age 66 and 67 for people born after 1954. If you begin taking benefits at age 62 your payments will be smaller than if you waited until FRA.

Schedule a complimentary consultation to receive professional advice on which year you should begin taking benefits for the highest payout.

Diversify retirement income sources between social security, pensions, rentals, brokerage accounts, savings accounts, bonds, and more. Reduce your expenses. Pay off your mortgage before retirement. Maximize dividend income and stay below the 15% capital gains tax threshold. Keep IRA and 401K withdrawals low. 

At our firm, we can discuss with your how best to structure your retirement plan to maximize tax savings.

Update your property title, and the beneficiary information for your IRA, retirement plan, and insurance policy. Make sure family members know how to access your important paperwork. Gather documentation for your will, trust, and power of attorney into a single file. 

At our firm, we can go over your estate, review your legal documents and, if you don’t already have estate paperwork in order, we’ll help you begin the process of creating a will, a trust, and other important estate documents.

Review your 401K payout policy and create an income stream (retirement paycheck) from your savings. Take note of 401K fees and consider rolling it over into a fee-free IRA. Assess all your retirement income strategies. 

At our firm, we can transfer your retirement accounts (401k, 403b, TSP) into an IRA. We don’t charge any fees for the service. 

Divorce attorneys are not accountants nor wealth advisors. Schedule a complimentary consultation, and we’ll make sure your divorce decree includes tax savings and investment potential to protect your long term interests.

Some property is considered jointly owned while other property, like an inheritance given to one spouse, may be separately owned. When you come into our office we’ll list the ownership of your assets, and discuss how to best execute and protect any transfer. 

A pension earned during a marriage is considered a joint asset that can be divided at the time of a divorce. Schedule a complimentary consultation, and we’ll dive into your retirement accounts and pensions and determine the best options for your situation.

Your marital status at the end of the year determines how you file your taxes. If you’re the custodial parent for you children you may qualify for the favorable head of household tax status. Schedule a complimentary consultation, and we’ll cover these and many other significant tax savings that are often overlooked in divorce.

Get financial advice from professionals. Close joint accounts. Stay focused on finances. Keep track of income and expenses. Open a separate checking account. Create a budget. Update your records. Begin establishing your own credit. Decide if you’re going to change your name. Schedule a complimentary consultation, and we’ll go over these points and numerous others to ensure the security of your financial future. 

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