It’s common for parents that are divorced to assume that their ex-partner will provide their kids with an inheritance if they were to pass away, but it can be dangerous to assume so.
In this podcast, family lawyer and mediator Vera Bergermann discusses common financial divorce issues in Florida. Hosted By: Diana Shepherd, Editorial Director, Divorce Magazine Guest Speaker: Vera Bergermann, Family Lawyer Divorce Magazine’s Podcasts are available on iTunes. Click here to subscribe. Read the Transcript of this Podcast Below. Intro: My name is Diana Shepherd, and […]
You do not have to be a CPA or a financial planner to understand your personal finances. You just need to know a few simple things: What do you own? What is it worth? What do you owe? How much and to whom?
Sound financial planning and good communication can mean that it can also be a sturdy foundation on which to build a stable and abiding marriage that is able to withstand life’s inevitable ups and downs.
Chapter 7 bankruptcy can be one of the best options for individuals or divorcing couples who find themselves in a troubling financial situation, but there are several factors that need to be considered when deciding whether to declare bankruptcy before or after divorce.
Divorce can affect every part of your life and the lives of your family. Finances are no exception. When you decide to get divorced, it’s important to prepare for the effects it will have on your credit score.
These are a few examples of how funds become commingled during marriage. The more money you have, the more property you buy, the more likely you are to commingle funds.
A Delaware Statutory Trust is a separate legal statutory trust entity that is created by filing a Certificate of Trust with the Delaware Division of Corporations. There are many benefits of forming a DST, including limited liability, easy formation and maintenance, contractual flexibility, and—most significantly—favorable tax treatment.
When people think about divorce and the next generation, finances and family wealth are often the last two things on their minds. In fact, discussing finances can be a taboo subject.
It is important to do your research and have any bankruptcy-related questions answered. You should speak to a bankruptcy and divorce lawyer as soon as possible even if one of the spouses does not wish to cooperate.