Have you ever wondered what a forensic accountant does in divorce cases? Are you worried about hidden assets or financial infidelity? In this episode, co-host Melissa Fradenburg, CDFA®️, AIF® welcomes Tracy Coenen, a renowned forensic accountant who specializes in helping find money during divorce. Tracy has created a 10-step Divorce Money Guide to help you find hidden assets and…
The Great Divide: Making Splitting Stuff in Divorce a Piece of Cake
Going through a divorce is one of life’s greatest emotional stressors, even when you’re the one who initiated the process. One aspect that often causes significant stress is dividing personal property. As a Certified Divorce Financial Analyst (CDFA), I’ve witnessed firsthand what can happen when emotion takes control. I’ve had clients spend thousands of dollars…
Category: Divorce
How is Spousal Support Decided in Michigan?
Spousal support (also known as alimony or maintenance in other states) is often complex and a gray area in Michigan. Because Michigan doesn’t have written guidelines or a formula for spousal support, its determination can be largely based on the discretion of a judge. However, since the vast majority of divorce cases in Michigan aren’t…
Category: Divorce
Year-End Tax Planning Tips for Divorcing and Divorced Clients to Help Avoid the “Coulda, Shoulda, Wouldas”
If you are in the process of divorce or if your divorce was final sometime this tax year or prior, you are probably unsure about the impact of divorce on your taxes. In fact, I seem to get the same questions every year around January, when it is too late to do any tax planning…
Category: Divorce
Is Time Running out on Getting Your Qualified Domestic Relations Order?
This month, I interviewed my own former spouse David Roessler on my podcast, “Wealthy After Divorce”, which will air on July 21, 2022. Dave is the owner of Divorce Solutions, a Southfield, Michigan based Qualified Domestic Relations Order (QDRO) preparation firm and has over 20 years of experience working in the QDRO minefield. I am…
Category: Divorce