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.
Financial Issues
WATCH: If both spouses co-own a business together, how will it be divided on divorce?
Before we talk about parties continuing to co-own the business, we need to identify what kind of business it is. Is it a sole proprietorship? Well, in that case, it would not apply because it’s only one owner. But both parties may work in the business. Is it a partnership in which they both own […]
WATCH: In a divorce case that involves a business, how is support determined?
I take your question as applying to both child support and/or alimony, which is also known as spousal support. In New Jersey alimony is addressed under the factors that are set forth under the alimony reform act. So, the first step would be to determine the standard of living of the marriage and we […]
WATCH: How Is Alimony, Spousal Support, or Maintenance Determined in Texas?
WATCH: If A Spouse Inherits Assets during the Marriage, How Can It Be Preserved in the Event of Divorce?
WATCH: Who decides what is marital and what is separate property?
Trial courts in Indiana are tasked with dividing marital property in a “just and reasonable manner.” Marital property refers to property acquired during the marriage, while separate property refers to property that you brought into the marriage…
WATCH: What Is a High-Net-Worth Divorce?
What Is a High-Net-Worth Divorce? James Nolletti Answers:
WATCH: What should a business owner’s first step be to avoid disruption during divorce?
What should a business owner’s first step be to avoid disruption during divorce? Illinois Divorce Lawyer Candace Meyers answers:
What advice would you give to divorcing couples to get their fair share?
Divorcing couples should keep their premarital or non-marital retirement & brokerage accounts separate from any marital accounts. Learn more here.
How are pensions and retirement plans divided during divorce in Maryland?
Contributions made from the working spouse’s wages to the working spouse’s retirement accounts during the marriage would be considered marital property and subject to distribution under Maryland law. There’s a difference between pensions, which are known as defined benefit plans and retirement plans such as 401Ks or Roth IRAs, which are known as defined contribution […]
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