Did You Forget About Your Own Career During Your Marriage?

Did You Forget About Your Own Career During Your Marriage? by Fabienne Swartz

{3:15 minutes to read} Every divorce is unique. On one end of town, there may be a family struggling to make ends meet, who literally can’t afford to start the divorce process. On “the other side of the tracks,” there may be another family worth millions, thanks to the husband’s brilliant career, which was only made possible by the wife’s sacrifices. Unfortunately, the comfort that she enjoys is more like getting renovations done on a house that she’s renting; it may be nice while she lives there, but in the case of a divorce, she would have to move out and the landlord (her husband) will enjoy the spoils of her toils. 

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What Divorcees of High Earners Should Know about Alimony

What Divorcees of High Earners Should Know about Alimony by Fabienne Swartz

{3:50 minutes to read} When a lesser monied spouse divorces a high-earning spouse, they will likely get $150,000 a year or more in alimony.

These lesser monied spouses may not be able to start work right away. They need to heal and settle; it’s a process that can take the better part of a year or longer. When they go back to work, they probably won’t make the same level of salary as they did before the marriage. Things have changed since they were last in the workforce. By a fair estimate, they might make $50,000–$80,000, even after having completed continuing education.

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Managing Expectations

Managing Expectations by Fabienne Swartz

{3:20 minutes to read} One of the biggest roles of a Certified Divorce Financial Analyst is managing his or her clients’ expectations. Getting a client to realize they may not get what they want is the first step. They may need to adjust their spending habits and may not be able to maintain the same lifestyle as they previously enjoyed. A CDFA can show their client that their spouse cannot afford more alimony and/or child support.

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Oh, the Things You Can Learn from a Divorce Mediation Conference!

Oh, the Things You Can Learn from a Divorce Mediation Conference! by Fabienne Swartz

{3:07 minutes to read}

I recently attended a conference organized by the New York State Council on Divorce Mediation. I met mediators from upstate New York, Westchester, and New York City while attending several classes – three of which really stood out for me:

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Jump-Starting Your Life in the Midst of Divorce

Jump-Starting Your Life In The Midst Of Divorce By Fabienne Swartz

{1:51 minutes to read} Alimony, or spousal support, is meant to be rehabilitative in nature; the non-working spouse is expected to return to the workforce after a certain amount of time.

But when someone has been out of the workforce for a long period of time, they may have missed out on important innovations in their industry.

There is also the spectre of “soft” age discrimination, the unconscious or conscious motivation that leads companies to prefer younger job applicants. Luckily it is not difficult to combat these negative forces with the right plan and action.  [Read more…]

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