President Joe Biden’s son Hunter asked an Arkansas court to reduce the amount he pays to support the four-year-old daughter he fathered with a former Washington, D.C. stripper. Lunden Roberts, the mother of Navy Joan Roberts, is opposing Hunter’s attempt to revise the parties’ 2020 agreement regarding paternity and child support. While most people’s child support modification requests do not…
Executives and other employees frequently opt to defer some of their salary for a variety of reasons. Typically, a prime motivation is to reduce current tax liability while reaping the benefits later in life when one’s overall income is lower. This is often a wise financial decision, but it can complicate the division of assets that occurs during a divorce.…
Americans are well accustomed to providing emotional and tangible support when someone close to them goes through a major life transition. Sometimes the occasion is joyous, as loved ones gather together to shower someone with gifts in anticipation of a wedding or the birth of a child. In other instances, relatives and friends deliver comfort in the form of meals…
In many divorces, the question of who receives ownership of the family home is the toughest part of dividing marital property. Disputes over cars, investments, retirement benefits and business shares are also common. However, some high net worth couples devote the same sort of effort to battles over expensive watches. Fine timepieces made by Swiss manufacturers such as Rolex and…
When parents with minor children get divorced, there might be differing opinions about how to handle custody and visitation arrangements. Sometimes, the parties cannot bridge the gap between them, so the issue must be resolved in court. During litigation, outsiders such as custody evaluators could be brought in to provide their view. But what about the children themselves? What effect…
Some people seek a completely new start when they divorce their spouse. There are many different ways to do this. One billionaire moved halfway around the world when his marriage ended, but his wife suspects that he didn’t make that major life change for emotional reasons. As the founder of Zoho, a business software company, Sridhar Vembu built a fortune…
Most parents want to do anything they can to support their children during and after a divorce. Optimally, spouses put aside whatever disagreements exist between them to develop a parenting plan that truly reflects the best interests of the children they share. Unfortunately, good intentions sometimes aren’t enough to establish a supportive environment. Like all young people, sons and daughters…
Parents need to do whatever they can to see that their children are protected no matter what comes along in the future. This is true whether they’re living together as a married couple or have ended their relationship. While it’s difficult to safeguard against every potential change in circumstances, parents should consider how the financial cost of raising their children…
Rumors about her divorce led renowned rapper MC Lyte to speak out on Instagram about the end of her marriage to John Wyche and why she’s thankful she signed a prenuptial agreement. Though prenuptial and postnuptial agreements are common among the rich and famous, few other celebrities have been as open about the significant, practical benefits they gained by settling…
Even when there is no real dispute about the paternity of a child, taking the necessary action to ensure that child support is provided can be long and complicated. As an example, Basketball Hall of Famer Kevin Garnett has finally resolved a legal dispute with Necat Akman regarding support for their daughter Naya, who is nearly three years old. According…