Splitting assets following an extended marriage

by | Apr 21, 2024 | Spousal IRA | 7 comments

Splitting assets following an extended marriage




It’s hard enough getting divorced, but splitting up assets in a way that makes everyone happy can be fraught with emotional distress. Luckily, there are ways to get it done and have each side walk away with a plan for their better future.

In this episode, Modern Divorce Podcast host Billie Tarascio talks with Brenda Bridges, a Certified Divorce Financial Analyst whose soothing tones and suggestions are sure to take the fire out of a contentious divorce. Especially for those who have been married a long time. With retirement accounts, property and even a business to split up, working with a CDFA can be a blessing, because it can also lower the cost of a divorce settlement by having an agreed-upon plan so that each side can walk away with a divorce decree they can be satisfied with.

You can find Brenda at BridgingDivorceSolutions.com.

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For help with your Arizona family law issue, or to simply get more information, go to

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For help with your Arizona family law issue, or to simply get more information, go to

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Download The Modern Divorce Podcast on Apple Podcasts:

#Divorce #assets #divorceattorney #CDFA #retirement #property…(read more)


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Dividing Assets After A Long Marriage

Divorce can be a difficult and emotionally charged process, especially after a long marriage. One of the most challenging aspects of divorce is dividing up assets that have been acquired over the course of the marriage. When couples have spent decades building a life together, untangling their assets can be a complex and contentious process. Here are some important factors to consider when dividing assets after a long marriage.

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1. Understand community property laws: In some states, marital property is divided equally between both spouses in a divorce, regardless of who earned the income or whose name is on the title of the property. Understanding the laws of your state regarding the division of assets can help you navigate the process more effectively.

2. Consider the contributions of each spouse: When dividing assets, it’s important to consider the contributions of each spouse to the marriage. This includes both financial contributions, such as income earned and assets acquired, as well as non-financial contributions, such as raising children, managing the household, and supporting the other spouse in their career.

3. Take stock of all assets: Before dividing assets, it’s important to take stock of all assets acquired during the marriage. This includes real estate, retirement accounts, investment accounts, personal property, and any other assets that have been accumulated over the years. Having a clear picture of all assets can help ensure a fair and equitable division.

4. Consider the tax implications: When dividing assets, it’s important to consider the tax implications of each asset. For example, if one spouse receives a retirement account that has not been taxed, they may be responsible for paying taxes on the distributions when they withdraw funds. Consulting with a financial advisor or tax professional can help you understand the tax implications of dividing assets.

5. Seek the help of professionals: Dividing assets after a long marriage can be a complex process, so it’s important to seek the help of professionals, such as lawyers, mediators, and financial advisors. These professionals can provide guidance and support to help you navigate the division of assets in a fair and equitable manner.

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Divorcing after a long marriage can be a challenging and emotional process, especially when it comes to dividing assets. By understanding the laws of your state, considering the contributions of each spouse, taking stock of all assets, considering the tax implications, and seeking the help of professionals, you can navigate the process more effectively and ensure a fair and equitable division of assets.

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7 Comments

  1. @user-ye2zh7gz7n

    This conversation is not helpful it's like undecided dirvoce

  2. @attractarattigan3574

    There is nothing on Narc abuse Divorce that related to me as farmers wife. Why are there no specialists in this area.?

  3. @mrsm5570

    Just wanted to know I m going through a divorce and married in COP. In 2014 I resigned and got my pension with the intention 2 go into property with the agreement of both of us, but it never materialized. So with some of the money I settled the house bond which he was paying and did some of the projects in the house. When the divorce started in 2023 we agreed to go into uncontested divorce dividing asserts and pensions into 50% . Surprisingly after he got divorce summons on responding with his lawyers he said he doesn't owe me his pension instead he wants half of the payout I got in 2014 as I did not give him a cent from that money. My question is is there anything like that in this divorce process. I m in south africa

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