A defined contribution plan and a defined benefit plan are different and they can be identified by the wording of them. For example, a defined benefit plan is this: You don’t know what you’re going to be putting in every week. It might 6% of your salary, 6.5% of your salary, 7% of your salary, […]
FAQs
WATCH: How does collaborative law differ from divorce mediation?
A collaborative law divorce is different than mediation in that the collaborative process, the dispute is resolved without litigation pending, such as a complaint for divorce. The way to think of a collaborative divorce is as a team effort. The parties and their counsel meet and discuss the case. When an expert is needed, […]
WATCH: What makes a couple an ideal for mediation versus collaborative law?
I think most couples are ideal for both mediation and collaborative law. The difference is when you’re in mediation a complaint’s been filed and you are in litigation. You have the deadlines of the court hanging over you. In the collaborative law process you can work within your own pace and therefore you don’t have […]
Benefits of Hiring a Divorce Lawyer in Phoenix, Arizona
If you’re going through a difficult divorce, here are a few reasons you should consider having an experienced divorce attorney by your side.
WATCH: Is there a difference between physical custody and legal custody of children in New Jersey?
There is. With joint legal custody we would have a parent of primary residence and as I earlier stated, the parent of primary residence will be responsible for the day-to-day decisions concerning the children. With that joint legal custody then, that parent would have to confer with the other parent, regarding major decisions and that […]
WATCH: Are stock options considered assets to be divided during divorce?
The first thing we need to look at is what is a stock option? A stock option is the right to buy stock in a company who employs the spouse at a discounted or fixed price within a certain period of time. Stock options can be valuable and they’re subject to equitable distribution as a […]
WATCH: What should be included in a prenuptial agreement for a business owner?
That’s a great question. The prenuptial agreement is a contract between two people who are contemplating marriage and is effective upon the date of the marriage or civil union. The agreement should include all property of the parties including their business, real estate investments, retirement accounts or pensions and debts. When I prepare a prenuptial […]
WATCH: If someone signed a prenuptial agreement, is there any way of getting it set aside during divorce?
If a prenuptial agreement’s prepared in accord with requirements of the statute, it should not be set aside. It must be signed by the parties voluntarily and must be conscionable. The parties must each provide full and fair disclosure of the earnings, property and the respective financial obligations. If there is a waiver of financial […]
WATCH: What are the financial mistakes people make when getting divorced?
There are seven costly financial mistakes people can make during divorce. We have found that individuals who understand the financial aspects of the divorce process are much more likely to feel empowered to divorce with financial confidence.
WATCH: How can a lifestyle analysis help during a divorce?
A lifestyle analysis provides specific information and data about income and expenses incurred during the marriage. An experienced professional may discover possible hidden assets, unreported income or incorrectly reported living expenses.
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