New York’s Dollar-For-Dollar Room and Board Credit for College Students

New York’s Dollar-For-Dollar Room and Board Credit for College Students by Fabienne Swartz

{4:27 minutes to read} I have long been suspicious of the way New York considers the issue of college room and board as it relates to child support: Currently, the non-custodial parent is permitted to deduct the entire amount of college room and board paid. This is known as a “dollar-for-dollar” credit, which gets offset from child support payments while that child is attending classes. And that amounts to the custodial parent footing the bill for the child’s food and shelter in college.

[Read more…]

May/December Relationships: How Will Your Age Difference Define Your Financial Future?

May/December Relationships: How Will Your Age Difference Define Your Financial Future? by Fabienne Swartz

{2:15 minutes to read} One of the most fascinating aspects of humanity is the fact that no two people are exactly alike. We all have different tastes and priorities—and sometimes a lack of priorities.

[Read more…]

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.

[Read more…]

The Many Benefits of Divorce Mediation

The Many Benefits of Divorce Mediation by Fabienne Swartz

{4:30 minutes to read} Recently, I published an article about the benefits of consulting with a divorce attorney even if you have chosen to use mediation. I’ve received some constructive criticism from fellow mediators indicating that I should do a follow-up piece about the benefits of mediation — whether one decides to consult a lawyer or not.

[Read more…]

How Not Seeking Legal Advice Can Cost You Money

How Not Seeking Legal Advice Can Cost You Money by Fabienne Swartz

{2:35 minutes to read} Not seeking legal advice can be costly…

In recent years, I have heard several accounts of women who decided not to seek legal advice before signing their divorce settlement agreement negotiated in mediation. Without exception, the outcome was a lopsided deal. Others have consulted me stating they were ready to sign but had not yet put pen to paper.

[Read more…]

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.

[Read more…]

ERROR: 8 - CURL error: Could not resolve host: https (Domain name not found)