By: Martin M. Shenkman, CPA, MBA, JD

Divorce is, as everyone knows, the dissolution of a marriage. If faced with the possibility of a divorce, endeavor to involve a family therapist to plan how to deal with the many, often difficult, emotional issues that arise. Once the divorce seems likely (which is before it is inevitable) consult with a matrimonial (family, or divorce) attorney as to what steps you should take to protect yourself, your family and your assets. Using an attorney, contrary to what many believe, can be less costly and less confrontational than attempting to structure or even conclude the divorce on your own, if handled properly. Also, consult an accountant. Even simple divorces have a range of tax issues.

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