By Melissa_Needle | Published April 24, 2020 | Posted in Divorce | Tagged Tags: Financial Mindfulness, Financial Mindfulness and Empowerment, Insurance, Life Insurance, Personal Finance | Comments Off on Financial Empowerment and Mindfulness (Life Insurance)
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Financial Empowerment and Mindfulness (Life Insurance)
Life Insurance provides a financial safety net for your family if a family member dies. Ensuring that your income is protected if the unthinkable happens is smart planning. The proceeds from life insurance can cover the mortgage payments, college tuition expenses and even funeral costs. There are 2 main types of insurance; Term Life Insurance Read More
Read MorePending and New Divorce Cases in Connecticut during COVID-19 Shutdown – What Can I Do Now?
The framework below outlines what actions can or should be taken (and why) during the Covid-19 shutdown. The list is broken down by family matter type: 1. New Divorce Actions These can still be filed now, and it may be advantageous to get the process started sooner rather than waiting to file amidst Read More
Read MoreUpdated Connecticut Judicial Branch Schedule (Covid-19 Shutdown) for Family Court Cases
The statewide shutdown due to COVID-19 continues to restrict the normal flow business in family and matrimonial law matters heard before the Superior Court. Connecticut Courts remain in an state of unprecedented, limited operation: Limited courthouses open; Limited days/hours of operation; Limited access to courthouses; Limited filings being acted upon (Priority 1 Matters); Only “Priority Read More
Read MoreFinancial Empowerment and Mindfulness (Credit Cards and Credit Scores)
Maintain a complete and current inventory of your family credit cards and key credit metrics (e.g. limits, rates, minimum payments, due dates, etc.). Good Credit empowers couples to efficiently tackle a broad range of challenging and stressful family matters including: emergency travel, an unexpected layoff or seasonal slowdown in self-employment, an accident, a death in Read More
Read MoreFinancial Mindfulness and Empowerment in Marriage (Tax Returns)
Federal and State Tax Returns are your most important financial records. Direct access to your federal and state tax returns is essential (and should be your top priority); Do you Maintain physical and digital copies? If not, you should! Best Practices for Couples: Each marital spouse should maintain direct access to the family tax returns Read More
Read MoreHow will Coronavirus / Covid 19 affect my Connecticut Divorce? (Frequently Asked Questions)
Getting a divorce in Connecticut during COVID-19 Impacts from the Coronavirus have dramatically altered the course of our everyday lives. Basic health issues taken for granted just a few short weeks ago and scary thoughts like “community spread” are becoming borderline obsessions as all of us race to wash our hands, sanitize all the horizontal Read More
Read MoreFinancial Mindfulness and Empowerment in Marriage [An Introduction]
As a divorce attorney for over 25 years, I have represented many different types of spouses with different levels of financial savvy. Some people have a real grasp on the family finances while others know very little. The way couples share and manage their personal financial information can create significant advantages/disadvantages during a divorce action–but Read More
Read MoreAre Divorces for Super Wealthy More or Less Contentious?
Depends. What tends to matter the most is individual personalities, the reasons for the breakdown and the desire (or lack thereof) to put the marriage in the past and move forward. If the emotion is high then it is likely to be a contentions divorce, regardless of wealth. Allegations that Jeff Bezos may have been Read More
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