Author Archives: Bryan Salamone

What is Considered Marital Property?

Marital property is a legal term used in divorce law in the United States that refers to any property acquired during the course of the marriage. Any property a person owned before entering the marriage is classified as separate property, and property such as inheritance or gifts are also considered separate property, even if acquired… Read More »

Separate Bank Accounts is Not a Method for Protecting Assets in a Divorce

More married couples today are opting to forego getting joint bank accounts to keep their finances separate after marriage. There are plenty of pros and cons to either approach, however it is important to note that if your marriage ends in divorce, having separate bank accounts will not protect the assets you place in them,… Read More »

Who Gets the Stimulus Check When Spouses Are Separated or Divorcing?

Going through a divorce is stressful enough, but the coronavirus pandemic spreading throughout the United States presents additional complications for spouses who have decided to split. In addition to changes that might need to be made regarding custody and visitation arrangements while travel is restricted, negotiations over property division need to address any new economic… Read More »

How Accurate Was Netflix’s Marriage Story in its Divorce Depiction?

Marriage Story, a Netflix original movie starring Adam Driver, Scarlett Johansson and Laura Dern, has received critical acclaim and a variety of Oscar nominations and wins. The story focuses on Charlie (Driver) and Nicole (Johansson), who are going through the process of a divorce while raising a son. The pair start off hoping to get… Read More »

Avoid Taking a Hit to Retirement Savings During Divorce

While the divorce rate has seen a drastic drop-off over the last couple decades, there is one demographic for which it is actually surging, and that is people over 50. The rates of “gray divorce” have more than doubled since 1990, according to information from Bowling Green State University’s National Center for Family and Marriage… Read More »

Tax Strategies That Could Help Your Divorce Settlement

Interested in finding ways to make your divorce settlement easier? Here are just a few strategies you could consider implementing. Put alimony in a trust The changes in how alimony would be taxed opened up some new possibilities for how you’ll deal with alimony. The spouse paying alimony is no longer able to deduct the… Read More »

What You Should Know About Divorce and Taxes

We’re in the thick of tax season now, but it also happens to be the time of year at which divorces surge. Therefore, if you’re starting a divorce process now, it’s important you keep tax considerations in mind. Here are a few things you should know about divorce and taxes. Know your filing status: If… Read More »

How Did Divorce Change Over the Last Decade?

The trends in the field of divorce and the way divorce is perceived in general have changed a bit over the last decade. It’s getting increasingly less likely that couples will find themselves in knock-down, drag-out fights over most divorce related issues. Shifting gender norms have resulted in a more neutral perspective in most issues,… Read More »

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 »