Financial Stability in Two Households
This is splitting the day-to-day finances of one household into two. Learn how to balance income and expenses for both of you (and children), assess future earning potential and explore various financial support types, like child support, spousal support (alimony/maintenance) or direct expenses.
An introduction to the cash flow analysis in divorce, focusing on income and expenses post-divorce and the ability of parties to support themselves (and children).
Divorce is a time to seriously examine your financial needs and ability to support yourself. The foundational step in a cash flow analysis is the creation of a comprehensive budget.
In order to determine if you have sufficient money to meet your reasonable financial needs, you need to map out income.
Once you have a budget and income, the next step is to determine if you need support. Learn about this fundamental questions and types of support to consider.
Learn all the considerations and elements of the analysis of spousal support, one of the most challenging financial aspects of divorce.
Learn the key aspects of child support, including its purpose, calculation, enforcement, modification, and potential impact on your post-divorce financial situation.
By allocating specific expenses to each spouse, direct payment arrangements provide transparency, accountability, and flexibility, allowing for a more tailored approach to financial support that meets the unique needs and circumstances of the family.
Learn the practicalities of implementing agreements on sharing direct expenses for children after divorce, aiming to provide clarity and guidance and avoid potential conflict.
Integration of support types, like spousal support, child support and direct payment of expenses, can provide for unique agreements tailored to your specific circumstances.
Learn the pros and cons of making a lump sum buyout of support.
Life insurance to secure support can protect a recipient spouse and children if anything were to happen to a payor.
What if my income doesn't meet my budget?
Can I buy out spousal support with a lump sum payment?
What categories should be included in my budget?
Does child support have to be used on kids' expenses?
How do we deal with variable income?
Can I pay for direct expenses instead of support?
