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From 101 DIVORCE SECRETS; A SURVIVAL GUIDE

By Susan Allan, "Ask The Divorce Coach©" Syndicated Columnist

& The Divorce Forum™ "Million Dollar Experts CLICK HERE TO PURCHASE


The following tips are offered by The Divorce Forum's™ Financial Expert,

Michael J. Krycler, Founder of Krycler, Ervin, Schreiber & Walheim the preeminent CPA firm in Sherman Oaks, CA
Send your questions to krycler@thedivorceforum.com

I. Consider all the finances including tax considerations prior to marriage.
Serious consideration should be given to the following:

A. Prenuptial Agreements: I have seen situations where prenuptials are regularly updated during the
marriage.


B. Tax planning before the marriage as there are considerations to think about such as timing also consider whether it makes sense to file joint or separate tax returns

C. Discussions on how the assets and income are going to be handled after
marriage. Consider whether it makes sense to separate finances, assets, etc.

II. Very important: Prior to marriage the parties should understand the other's financial affairs. Sometimes, it may be necessary to hire a Private Detective or run a credit check on the prospective spouse. I can only emphasize the horror stories I have been involved in where the
parties get married and one party is not aware of the "skeletons" in the
other person's closet.

My overall suggestion would be to always focus on the experiences
("nightmares") of other people and learn form their mistakes. It is not
unusual for one party to for one party to find themselves being chased for
taxes owed by the new spouse from a period prior to marriage.
Let me know if you need more detail or have any questions.


From: 10 Financial Tips

TIP # 1
Select a CPA, a certified public accountant, with a specialty in dissolution (divorce cases). He or she will have the financial formulas that are used in family court. Understanding the formula that will apply to your own case will provide you with crucial information, enabling you to take appropriate action.

TIP# 2
When you hear, "I now pronounce you man and wife" it means that the alimony meter is now running. The longer you stay married, the more likely that the court may appoint alimony to ONE of you. It is not yet commonplace, but husbands can be awarded alimony.

TIP# 3
The more that you feel terrified, the lower your price. If you have no way out at all, get one; if your back is against the wall, look for a hidden exit; if you see no help in sight send up some flares.

TIP# 4
Have all your paperwork thoroughly checked by the professionals.

From: 10 Survival tips

TIP # 1
Consult privately with your accountant or financial manager BEFORE discussing divorce with your spouse. It is essential to know your own financial position in the event of divorce.

TIP# 2
Consult with a successful divorce attorney BEFORE discussing divorce with your spouse. This can prevent crucial errors and save a great deal of time and money during any divorce.

TIP# 3
Do not leave home before you and your spouse have a signed separation agreement. If you are in danger, follow your attorney's instructions carefully.

From: 10 BASIC DIVORCE TIPS

TIP #1
LEARN THE 7 STAGES OF DIVORCE and how to survive and heal from PANIC, DENIAL, AGONY, RAGE, EPIPHANY, NEGOTIATION & PEACE.

TIP#5
Create your own "professional healing module" and confirm credentials and references. Do not try to figure this out alone.

TIP #6
Use The Divorce Forum's ™ free expert referral service and prepare and ask the experts questions.


From 101 DIVORCE SECRETS; A SURVIVAL GUIDE

By Susan Allan, "Ask The Divorce Coach©" Syndicated Columnist

& The Divorce Forum™ "Million Dollar Experts CLICK HERE TO PURCHASE

From Mark Patt, Esq., Managing Partner of Trope and Trope, the largest family law firm in los Angeles :

COMMUNITY PROPERTY

Generally community property is liable for debts of either spouse, even those incurred prior to marriage. This includes a premarriage support obligation. However, the earnings of a married spouse are not liable for the premarriage debt of the other spouse if those earnings are kept in a separate bank account from which the other spouse cannot withdraw funds. In other words, if husband has a premarriage support obligation, the wife's earnings are not liable for that debt if she keeps her earnings in an account in her name only.

Also, if community property is used to pay a support obligation of one spouse, the commjnity gets reimbursed for those payments if the spouse who owes the debt had separate proerty income at the time the support was paid.

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