Why You Should Revisit Your Estate Plan After Divorce
Your estate plan is a living collection of legal documents designed to address how your assets are managed, who can make decisions on your behalf, and what happens to your property and responsibilities after you pass away. During marriage, these documents often designate your spouse as the primary decision-maker or beneficiary. After divorce, those roles […]
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Financial Goal Setting After Divorce: Where to Begin
Divorce is one of life’s most emotional and financially complex transitions. As your life changes, your financial picture shifts with it, requiring a fresh look at your goals, responsibilities, and long-term outlook. Whether you’re navigating this new chapter solo or co-parenting, establishing a clear financial direction is one of the most important steps you can […]
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10 Steps to Financial Independence After Divorce
Divorce can be one of life’s most emotionally and financially disruptive events. From untangling shared assets to redefining your personal financial future, the road forward can feel uncertain. While the process may be complex, rebuilding your financial life after divorce is entirely possible with a thoughtful, structured plan. At Concerto Financial, we recognize that each […]
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Navigating Divorce in Colorado Springs: A Financial Planner’s Guide
Divorce is a significant life transition that brings with it emotional, legal, and financial complexities. For individuals navigating this process in Colorado Springs, understanding the financial landscape is a key part of moving forward with greater clarity. While every divorce is unique, having a structured approach and working with professionals who are familiar with Colorado […]
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Collaborative Divorce: A Financial Perspective
What Is Collaborative Divorce? Collaborative divorce is a process in which both spouses, along with their attorneys and other qualified professionals, agree to resolve their differences outside of court. This approach promotes open dialogue, mutual respect, and a focus on shared outcomes. It offers a path forward that seeks to preserve dignity while addressing the […]
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Understanding the Financial Impact of Divorce on Retirement Plans
Divorce significantly impacts not just emotional and family dynamics, but also financial stability—particularly retirement plans. Understanding these impacts and strategically managing your retirement assets during divorce is critical to securing your financial future. How Divorce Affects Retirement Accounts During a divorce, retirement accounts are often one of the most substantial assets divided between spouses. Common […]
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How Is Debt Divided in a Divorce?
Divorce is often an emotional and financially complex process, and one of the biggest concerns is: Who is responsible for the debt? Many couples accumulate debt together during their marriage, whether through credit cards, mortgages, car loans, or personal loans. But when the marriage ends, dividing that debt can become a major point of contention. […]
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How to File Taxes the First Year After Divorce
Divorce can significantly change life and has considerable implications on taxes. Tax filing after divorce requires understanding new filing statuses, exemptions, child deductions, alimony, and property settlements, among other things. Here are the steps to help navigate filing taxes the first year after divorce. Understand your filing status Tax filing status largely affects how much […]
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Alimony and Child Support at Tax Time
Alimony and child support are critical financial componentsoften arising during divorce proceedings. These payments can significantlyimpact both parties’ finances, particularly during tax time. Understanding howthese payments are taxed may ease some concerns and provide clarity at taxtime. This article explains the differences between payments froma tax filing perspective. Alimonyvs. child support: What’s the difference? Alimony, […]
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A Fresh Start: Estate Planning Priorities During and After Divorce
Divorce is never easy, but it is important that estate planning continues to take precedence before and after a divorce. Depending on your situation and professional legal guidance, some estate planning items can be updated now, while others may need to wait until after the divorce is final. Be mindful that the divorce decree may […]
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