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Title: Divorce and Money: Everything You Need to Know by Gayle Rosenwald Smith ISBN: 0-399-52943-8 Publisher: Ace Books Pub. Date: 06 January, 2004 Format: Paperback Volumes: 1 List Price(USD): $14.95 |
Average Customer Rating: 4.36 (14 reviews)
Rating: 5
Summary: An informative book at an affordable price
Comment: This highly readable book tells what you need to think about and what steps to take, whether you are in the beginning stages of divorce or at any stage in the process. It not only takes you step-by-step through all the basic family and household financial issues, it discusses what to look for if you or your spouse are working for a family or individually-owned business. It helps you to uncover assets that might be hidden. It tells you what to do to document your possessions so that you can prove they existed if they should suddenly disappear, which is not unlikely in divorce situations. It has a sobering chapter on your worst nightmares and how to try to document money that you may have unknowingly contributed to your marriage, believing that you would get credit for if you divorced. It identifies the financial records you should try to obtain; however, it does so in a very reassuring manner. Even without a financial background, this book helps you get up-to-speed in a very short time on all the things you need to do to protect your financial security.
Rating: 5
Summary: Knowledge worth a lot
Comment: If you are thinking about, or going through a divorce, the book "Divorce and Money, Everything You Need to Know" is one that I highly recommend, from my perspective of having been through a complex divorce myself and witnessing those of friends with varying circumstances. Whether you are looking for answers to your questions, or for what questions you should be asking about the financial aspects of your divorce settlement, it is most likely covered in this book. Sorting out marital finances and identifying all assets, sometimes hidden or overlooked, can be a complex and confusing process. This is a subject about which anyone going through a divorce would be wise to be as fully informed as possible, whether using an attorney or not. Those in the pre-divorce stage will find this information particularly helpful as well, not the least of which is knowing what records will be needed, often more easily obtained and documented before separating. The material presented is practical, comprehensive, clearly organized, and made relevant with some real-life anecdotes. There are helpful charts and asset forms, as well as a list of additional website resources. If you want to gauge the author's competence and integrity for yourself, you can watch a videoclip online from her appearance on "The Early Show" (CBS) on 1/28/04.
Rating: 4
Summary: What About Men, and Couples!?
Comment: No doubt, this book contains good, up-to-date information. But like the vast majority of books on this subject, it is written for women. While it's true that wives are, on the average, less knowledgeable about family finances than their husbands, that situation is rapidly changing--as is the movement from adversarial divorce to collaborative divorce.
For a book that presents both husbands' and wives' perspectives equally on the emotional, legal, and especially financial perspectives on divorce, consider the brand-new "The Complete Guide to Protecting Your Financial Security When Getting a Divorce" (McGraw-Hill). It's a book, written by a male personal-finance writer and a female CPA and CFP, that's equally useful for both men and women, either separately, or as a common source to work together towards a truly equitable settlement.
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