Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Financial adviser Dan Danford answers this financial advice question about dealing with creditors from a reader:

"I can't pay all my bills I owe right now and creditors are starting to come after me, usually in more aggressive ways than, for example, my electric company. Should I pay off the creditors first or keep paying my 'staple' bills like my mortgage and utilities?"

Danford, CFP®, CRSP®, MBA, shares his financial tips on handling creditors and formulating a plan to satisfy creditors while also not falling behind in payments for your necessities.

Question:

I need financial advice on divorce regarding my rights to the marital home.

The home we live in is in my wife's name, but I have made all of the mortgage payments since we were married.

In our divorce, would I have any right to the property's value or receive credit for the amount of the mortgage I have paid off?

Financial adviser Dan Danford answers a personal finance question from a Money Made Easy viewer:

"I was going through a mortgage transaction and heard about credit disability insurance. What exactly is this and could the insurance be used for any type of credit or is it only usable on mortgage debt?"

Danford, MBA, CRSP, of Family Investment Center, explains credit disability insurance and what factors you should consider when determining whether to purchase it.

By Jennifer Paine

Attorney, Cordell & Cordell

The "simple and cheap divorce" is a myth.

The "cheap divorce" really refers to two divorces: the cost-effective divorce and the avoided-costs divorce.

Unfortunately, in pursuit of the cost-effective divorce, and under the mistaken belief that their wives are paying less and have, therefore, somehow "won the case," too many men make major mistakes when it comes to their money – the very thing they are trying to avoid.

Make these 9 financial mistakes and your "simple and cheap divorce" will cost you a fortune:

Financial adviser Dan Danford answers an unfortunately common personal finance question given the state of today's economy:

"I imagine I'm like a lot of people in today's economy with my marital home being upside down in value. Is there a way to refinance my house even though the value is upside down?"

Danford, MBA, CRSP, of Family Investment Center, explains refinancing a home and mortgage that is upside down in value.