Budget
Dividing Cryptocurrency in Divorce: What You Need to Know
Cryptocurrency is no longer a fringe asset—it’s a mainstream investment, and divorcing or separating couples must now figure out how to divide it. Unlike traditional bank accounts, crypto can be tricky to track, value, and split. Here’s what you need to know: 1. Finding the Crypto Crypto isn’t always stored in a bank account; it’s…
Read MoreDivorce Preparation: BUDGET
Preparing a divorce budget, often overlooked, is a simple yet crucial step in the divorce preparation process. While it may not be the most enjoyable task, understanding your future needs and expenses will empower you to make informed financial decisions during the divorce process.
Read MoreDivorce Best Practices
Be Prepared: Make a list of your assets, debts, and possessions, and decide on your priorities. You can also create a budget and a list of what is most important to you. Gather bank statements, and start to organize your finances.
Read MoreImportance of a First Draft in a Settlement Agreement or Parenting Plan
When going through a mediated divorce or separation, one of the most important documents you will need is a written Settlement Agreement or Parenting Plan. These documents outline how assets, debts, child custody, spousal support, and other key matters will be handled post-divorce or separation. But before a final agreement is reached, the first draft…
Read MorePREPARE YOURSELF
The key to a smooth mediation process is preparation. Your mediator may ask you to gather documents to prepare for your session. These documents should include property and debts owned both individually and together.
Read MoreLet’s Talk Co-Parenting
Early during the divorce or separation process, parents will face the issue of how to handle shared parenting time and finances. In most cases, parents strive towards shared parenting time so that the children can spend time with both parents. The key is to take into consideration each parent’s work schedule, the children’s school schedules,…
Read MoreFrequently Asked Questions About Mediation
How long does mediation take? How does mediation differ from court? Does mediation require a retainer?
Read MoreNo-Fault Divorce Mediation
Mediation can be used for any divorce, however, most mediation couples will choose the uncontested, no-fault divorce option. In Pennsylvania, a mutual consent no-fault divorce is the cheaper and faster option. CHOOSE NO FAULT. There are several different types of divorces in Pennsylvania. When a couple makes the decision to end a marriage, the decision…
Read MoreThings to Consider Before Divorce
Before starting a divorce, consider taking steps to ensure a smooth mediation process. Rushing into a legal and financial separation is not wise and can end up costing you and your family financial and emotional heartache. Here are a few things to consider before beginning the divorce process. 1. Individual Therapy Working on yourself before…
Read MoreWhy Mediate?
Mediation tends to be peaceful and positive. Most families prefer to make decisions together rather than using an adversarial court process. Mediation encourages cooperation and agreement and is a relatively simple process compared to alternative methods. AVOID COURT! Your family does NOT belong in court. Family matters should be private and confidential. Most parents and…
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