When it comes to keeping a small business alive after divorce, reducing the negative impact of divorce on yourself, your staff and the day-to-day operations is critical.
Certified translations of your divorce paperwork will be useful in order to ensure the smooth operation of anything you need to do if your divorce decree is not in your native tongue.
James Nolletti answers:
Illinois Divorce Lawyers Candace Meyers answers:
The advice that I would give them is that Maryland is an equitable, not equal division state. Commonly fair in Maryland is an equal division of marital property absent extraordinary facts. What we tend to see clients struggle with in terms of fairness is when premarital or nonmarital assets become commingled with marital assets, and […]
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 […]
All marital property is considered when dividing property during divorce; any business, professional practice, real estate, and retirement account. If one spouse has more marital property titled in his or her name then the other spouse, the court can grant the spouse with less marital property a monetary award. For example let’s say that the […]
Child support is non-taxable. It’s nondeductible by the child support payer and it’s non-tax includable to the child support recipient. This is rooted as best I can explain it in the concept that child support, while paid by a parent to another parent is nonetheless money that belongs to the child. The recipient parent gets […]
Assuming that spousal support is being paid during dependency of a family law action by court order – and again, that’s either an order that’s initiated by the court after listening to evidence, or it’s an order that’s based upon a signed agreement of the parties. No spouse can engage in self-help and say, “I […]
The courts won’t accept an artificial reduction in income as a basis upon which to decide future support obligations of one spouse to another. Most courts are pretty sophisticated in being able to spot that. And if that is one spouse’s divorce planning, if that be the goal of a high-income spouse, that goal being […]