Michele Singletary, a columnist for the Washington Post, wrote the following column on September 11, 2024. Michelle Singletary is one of my favorite financial gurus as she delves into many of the financial problems that vex us and is very direct about how to help us help ourselves.
We discussed using a Collaborative Divorce process where Julie is separately represented by a Collaboratively-trained attorney with prior experience on various spousal support outcomes. We could involve mutually agreed upon mental health coaches and/or neutral financial professionals to look at emotional concerns and property division settlement options. This would save them both the cost of hiring different experts to testify in court at $500 or more an hour, while also paying their litigation attorneys’ fees to cross-examine each expert, and waiting 90 days for the judge to make a ruling. And the ruling could be quite unfavorable.
Certain mandatory shared children’s expenses are defined in the CA Income and Expense declaration which include: child care for job training and/or work, medical care, special educational needs, and travel related to visitation. But what about other expenses such as extracurricular sports, private school, orthodontia, tutors, birthday parties, even haircuts?
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