There are several different ways to add a new child to your family through the process of adoption. However, according to FindLaw, the laws that govern adoption vary by state. This means that the adoption methods available to parents in other states may not be legal in Connecticut. Adoption in Connecticut often takes place through an agency that facilitates the…
Divorce is a difficult and emotionally charged time, made even more complicated and stressful when the couple going through the divorce has a high net worth. With financial futures at stake, decisions made during the divorce process are absolutely critical. When a couple is unable to find common ground and proceeds to a contentious, drawn-out court battle, the expense and…
Once you decide to divorce, living together will likely become much harder. Yet, one of you moving out is not always a realistic possibility as it can imply considerable extra expense. Even if one of you moving out is financially possible, neither of you might want to, especially if you have children. You might feel it would jeopardize your chances…
You and your ex-spouse may not agree on a lot, but you do agree that the well-being of your child is more important than anything else. That’s why you’re taking crucial steps to create a well-planned child custody agreement. Here are three critical questions you don’t want to overlook as you craft the parenting plan: 1. Where will your child…
It is reasonable for people who live in Connecticut to be worried about their finances if or when they get divorced. The impact of splitting assets and finding how to support oneself on a solo income after becoming accustomed to a married income lifestyle is no easy task. For some people, the experience may actually be a contributing factor to…
College financial aid applications can be confusing for both you and your children. Even some that may seem relatively easy, such as the FAFSA, are full of nuances you and your child may not have considered. For example, who is the “custodial” parent? It could be that your child views the custodial parent as both of you if you have…
The age at which people have their first child has been changing in the United States. Like the age at which they get married, it has been going up. Recently, the U.S. census determined that the average age of a woman who was having her first child was 30 years old. This is the highest in recorded history within the…
Many people see financial success as a positive for their relationship. For instance, maybe they’ve heard that divorce is more likely after job loss, which is true. Perhaps they’re just thinking about how financial stress often causes couples to have conflicts that may eventually lead to divorce. Wealth can reduce some types of financial stress, so it seems like it…
The concept of joint custody has gained prominence as a viable option for divorced or separated parents. When it comes to making custody arrangements, choosing joint custody can offer numerous benefits for both parents and, more importantly, the children involved. Joint custody, also known as shared custody, is a custody arrangement in which parents share the responsibility of raising their…
Many aspects of day-to-day life abruptly change when one parent in a family files for divorce. All of a sudden, a child’s parents may live in separate households, which can create financial and practical challenges for the entire family. There will be more costs to cover with two separate households, and inevitably there will be disagreements about how the parents…