Dividing marital property is rarely an easy undertaking. Even if all that a young couple owns is kitchenware, linens, two futons and a dog, splitting property that has been used for each spouse’s mutual benefit can become a contentious challenge. With that said, even...
Divorce
What happens to the family business if I get divorced?
Divorce is an emotional process that may get even more challenging if you run a family business. It’s normal to wonder what will happen to your family business once the marriage is dissolved. Will the company need to be sold? Do you and your ex-spouse need to share...
Should I close the joint accounts when divorcing?
If you are about to divorce, you may have read that you should close any joint accounts you share with your spouse. That certainly seems sensible, as the whole idea of divorce is to disentangle your personal and financial lives. You might even feel like it's urgent to...
How do children affect the property division in a divorce?
As a divorcing parent, knowing how far to go in your quest for financial success during property division is challenging. Scoring what others would see as a financial win could come at a massive cost to your children’s well-being and that of yourself and your...
Is your spouse hiding assets under your nose?
You may have heard about spouses who hide assets in a divorce. Perhaps your friends or family told you to watch out in case your spouse tries it with you. People hide assets to avoid including them in the property division process during divorce. They might do it at...
How to let your spouse know you want a divorce
Have you recently noticed that your marriage is not what it used to be? Even if you thought it would last forever, things and people change. If you have decided it is time to end your marriage, having this conversation with your spouse can be hard. While you can wait...
What happens to real estate in a divorce?
A divorce is a difficult situation for anyone, but it’s even more of a challenge if you have considerable assets. For people who have more than one home, determining what’s going to happen with them can take much thought and some negotiations. There are several...
A postnup can be used to renegotiate a prenup
Many people will create a prenuptial agreement (prenup) before marriage. A prenup ensures that someone's assets will be protected if a divorce were to happen. This could mean you won’t have to part with your savings, home or hobbies if you divorce your spouse. Prenups...
The potential impact of divorce on your business
Married couples don’t often consider what may happen if they decide to file for divorce. However, considering this early in your marriage can help prevent issues with your business if the time comes when divorce is on the horizon. The possible negative effects of...
Has your spouse been untruthful during your high-asset divorce?
Going through a high-asset divorce is rough. If your spouse wants to be deceitful to get back at you, the process can be painful and drawn out. Nevertheless, there are some important things to keep in mind that may save your sanity, and ease you through the ordeal so...