by Michael Callahan and James J. Gross
Written by two experts in divorce planning, this book arms readers with the knowledge and tools they need to make it through a divorce with their financial skins intact. Divorce is a major wealth redistribution event, yet financial planners never mention it.
Once it has been determined that there is no going back, then both parties must move forward-emotionally and financially. To this end, financial issues are discussed in 90-day, timeline formats that divorce attorneys use. Should I keep the house or sell it? Will I get alimony? How much? When does it start? Will I get any of the 401(k)? Who takes the children as tax deductions?
Readers learn about the financial risks and ramifications involved, as well as how to prepare themselves for any eventuality. Proven strategies for negotiating the best possible financial solution, along with valuable work sheets, checklists and sample documents are included.
James J. Gross received his J.D. from the University of Missouri. He was formerly an attorney with the Federal Communications Commission. Mr. Gross is a managing partner and has practiced in the areas of family and business law and civil litigation for over 20 years. He is licensed to practice in Maryland and the District of Columbia. He resides in Potomac, Maryland.
Michael F. Callahan received his J.D. from Georgetown University. Formerly with the Internal Revenue Service, he has practiced in the areas of family law, tax controversies and bankruptcy. Mr. Callahan has written several articles and lectured on many topics, including the tax aspects of divorce. He is licensed to practice in Maryland, Virginia, and the District of Columbia.
Paperback: 288 pages
Publisher: Sphinx Publishing (February 1, 2006)