When facing a divorce, business owners have a lot on their minds. They worry about how much time they will have with their children, and what will happen to the family home. Even so, one of the biggest worries on their mind is what happens to their business. Under...
Be prepared: Kids will have a lot of questions about divorce
Moving forward with the decision to divorce is no easy task for parents. However, telling the kids about the divorce is often the hardest step of the process. It is a challenge for parents to determine when the time is right to tell them, and even more so for them to...
What will happen to my retirement in divorce?
The average American works for more than 40 years, earning money and organizing their savings, so they can have a comfortable retirement. In many cases, retirement savings are in one spouse’s name, and they begin accumulating savings years before they get married....
What happens to a joint account in divorce?
In the event of a divorce, spouses know that they will have to split up the property they share. This is often a point of stress for many individuals. They worry about what will happen to their home, their business as well as the savings they have accrued throughout...
Business valuation is an essential step for business owners in divorce.
Even as many people work from home, most people think of their work life as separate from their home life. Divorce can complicate that, however. In fact, if you founded a business during your marriage or your spouse put significant work into the company, the court...
Recently divorced? Avoid these tax filing mistakes
Many people find adjusting to life after a divorce quite challenging. Between finding a new place, budgeting for a new income and working with an ex on childcare, divorcing couples may overlook other important issues. For example, recently divorced couples must file...
Social media, negative comments and divorce: Is it legal?
Social media plays a very visible role in our daily lives. We use it to keep in touch with family, friends, loved ones, business associates and even our religious communities. When going through a divorce, one party may use this platform to attempt to destroy the...
Five benefits of mediation over traditional litigation for divorce
Mediation is a form of alternative dispute resolution, meaning it provides an option to resolve a dispute other than traditional litigation. Traditional litigation generally takes place within the courthouse and is subject to strict rules while mediation has a bit...
Should you mediate or litigate your divorce?
Divorce today is much different than it was for previous generations. In addition to the reduced social stigma, those who are going through a divorce now have choices. In the past, litigation was pretty much it. Now, alternate dispute resolution options like mediation...
When does divorcing an addicted spouse make sense?
When you married your spouse, you likely focused on their wit, looks or charm. If they enjoyed drinking or recreational drug use, you may have dismissed these behaviors if you were otherwise head over heels. Yet, their substance use may have morphed into substance...
