Category Archives: Divorce
What Does it Cost to Get Divorced in the United States?
One of the most common concerns people have entering a potential divorce scenario, beyond just how the divorce will uproot their lives, is how much they can expect the entire divorce process to cost. The costs of a divorce will vary widely from case to case, so it can be difficult to come up with… Read More »
What You Should Know About Prenups
There is a common misconception that prenuptial agreements are only beneficial for high-net worth couples, but this simply isn’t true. There are many people who can benefit from the use of a prenuptial agreement when entering into a marriage, and therefore the more you know about these contracts the easier it will be for you… Read More »
Prenuptial Agreements Cannot Deal With Issues of Child Welfare
Prenuptial agreements can be extremely useful tools for outlining the terms of a potential future divorce before you get married. They help you protect your assets or investments, particularly those you want to preserve for children from a previous marriage. However, prenups can’t be used for just anything—there are certain terms that will not be… Read More »
The Consequences of Concealing Assets During a Divorce
Divorcing couples are required by law to be completely transparent in their disclosures of all assets, including income, expenses and debts. However, it is unfortunately not uncommon for people to attempt to conceal assets during the divorce in an effort to avoid having to split them up with their spouse. They might hide or undervalue… Read More »
Divorce Filings Often Surge at the Start of the Year
Many couples on the brink of divorce try to “wait it out” over the holidays, some in hopes that the seasonal spirit will rekindle their romance, while others simply wanting to avoid the unpleasantness until extended family time is over with. It should come as no surprise, then, that January (and the first quarter of… Read More »
Common Red Flags of Financial Fraud During Divorce
There are a lot of difficult emotions that surround the divorce process, and people who are involved in divorces might make poor decisions that are a result of these emotions. One example of such a decision is to attempt to conceal assets to prevent them from being divided in the divorce process. This is a… Read More »
Tax Preparation Tips During a Divorce
Getting divorced during tax season can add to the stress you’d normally experience during the divorce process at other times of the year. It’s important not to let your tax responsibilities go by the wayside while you’re also focused on the legal responsibilities you have in the divorce process. Here are some tips to help… Read More »
Tips for Emailing an Ex During/After Divorce
It can be emotionally draining to communicate with your ex during (and after) your divorce. Most attorneys will recommend in particularly contentious relationships that you stick to written messages, like emails, so you can be more deliberate and careful with your word choices. Here are some tips for more effective and less confrontational email communication… Read More »
Keeping a House After a Divorce Has Become More Feasible
Financial advisors in an average divorce case will frequently recommend against keeping the family home after the divorce. In many cases, it will be too much of a burden financially for one spouse to continue keeping up with all the costs of home ownership on just one income. In recent years, however, holding on to… Read More »
What You Should Know About Divorce, Alimony and Taxes
The overhauls to the tax system that went into effect last year have made matters a bit more complicated for divorcing spouses. Under the new system, alimony payments are no longer tax deductible for the person paying them, and are no longer considered taxable income for the person receiving them, which reverses a practice that… Read More »