Gone with the Wind author Margaret Mitchell said: "Death, taxes and childbirth! There's never any convenient time for any of them." Mitchell could have easily included divorce on that list as well.
Divorce is naturally a difficult process to go through, but if a power imbalance exists between the two spouses, it can make the whole process even more traumatic for the spouse with less power.
One of the most commonly overlooked aspects of divorce is health insurance and how both spouses will be covered following the divorce. Most couples rely on one spouse's insurance plan, usually an employer-provided plan, for coverage of both individuals, as well as the children.
Believe it or not but it's already time to start thinking about fling your income taxes again. If you went through a divorce in 2015, you are currently going through a divorce or you may be headed for a divorce in 2016, then there are some important tax consequences that you should know about, including: