The repercussions of a divorce can be wide-ranging and affect many aspects of a person’s life, but what many people fail to anticipate are the hardships a divorce can levy against a business they own and operate. Although statistics are difficult to pin down, many business experts suggest that divorces often wreak havoc on company matters, sometimes leading to bankruptcy…
What used to be a rare occurrence is now quite common: children frequently travel to international and exotic locales. But what if you are divorced and your ex-spouse who wants to take your child beyond U.S. borders? While such trips may not present a risk to many divorced couples, other individuals may worry that once a child is on foreign…
With all of the necessary tasks to accomplish when getting a divorce, managing one’s money — and taking care of financial details expressly related to a settlement — may sometimes end up on the backburner. Unfortunately, the consequences of this approach can add to the difficulties involved in divorce proceedings. To help ensure your money is well managed before and…
Maintaining one’s privacy is not just a problem that affects divorcing celebrities — it may also be problematic for other high-profile people, including professionals and wealthy individuals. When the details of divorce proceedings are publicly released, it can often damage the reputation and work lives of the parties involved for years to come, not to mention the impact on any…
Although many people who have experienced a divorce are familiar with the feeling of heartbreak, they may not realize the possibly detrimental effect of a divorce on their heart health. A recent report from the Duke Clinical Research Institute in Durham, North Carolina indicates that people face an increased risk of heart attacks throughout the remainder of their lives if…
On June 24, 2015, WPIX television news aired a newscast wherein it was reported that almost 50% of the married population does not know how much their spouse earns. This is shocking. Marriage, as an institution, creates a financial partnership. In fact, history shows that one of the “civil” or non-religious reasons for marriage was so that property could be…
Most individuals work hard to avoid splitting up, but sometimes couples find themselves facing a divorce even after their best attempts to salvage a marriage. If divorce is on the horizon, there are several steps you can take to better prepare yourself for this life-changing event: Know rights. As a first measure, you will want to consult an attorney to…
It’s one thing to split up as a couple, but what if you are also business partners? With approximately 3.7 million businesses owned by a husband and wife, divorce among people who jointly run a company is increasingly common. When this happens, partners must decide whether or not they will continue to work alongside one another after the dissolution of…
Over the years there have been dozens of murder for hire; murder for sexual favors; and murder by fraud or scheme to defraud perpetrated by a spouse who could have simply divorced their partner. This was easier to understand prior to the enactment of the No Fault Divorce law in October 2010. In October 2010 the New York State Legislative…
Negotiating child custody arrangements between parents can be one of the most contentious areas after a divorce. Likewise, unmarried parents often have to confront the same set of complicated issues about the care and welfare of their children when they separate, including determining living arrangements, obtaining child support and setting up a visitation schedule. Special considerations Because unmarried legal parents…