While some effects of divorce can be constant, some are unique depending on the circumstances of a case. And one of such circumstances is owning a business. As a business owner, your divorce may be challenging. But you can make it more manageable. Here are two tips to...
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Property division
What is a qualified domestic relations order?
Many assets must be divided when you’re going through a divorce. For some people, retirement accounts are among the most challenging. Understanding how these accounts are divided is beneficial. One thing to remember is that you don’t have to worry about dividing...
Can your spouse simply “take everything” in a divorce?
If you’re in an unhappy marriage, why stay? For a lot of folks, the answer is pretty simple: They’re afraid that their spouse will “take everything” in the divorce, and that they’ll end up worse off and even more unhappy if they leave. Maybe your spouse has made...
What fraction of a company’s value is marital property?
Married individuals considering divorce are compelled to think about what the end of their marriage means for their finances. Some couples have prenuptial agreements that clearly define how they will share their property. Others will need to negotiate with their...
The fate of the family business in divorce
A family business is often more than just a source of income. It's a labor of love, a shared dream and sometimes even a legacy passed down through generations. When the owners of a family business go through a divorce, the emotional and financial stakes are...
Are you sure your spouse is being transparent about their assets?
If you are about to divorce, you may be considering mediation to avoid the drama of the courtroom and get things signed off faster. While that may be a great idea, you still need to retain an air of caution when proceeding because divorce can sometimes make people do...
Is your spouse hiding assets?
When you file for divorce, all property and assets acquired during your marriage are subject to division. Many couples go through this process in good faith, disclosing all their financial information. Unfortunately, this is not always the case. Some individuals...
After divorce, who keeps that diamond ring?
An engagement ring and/or wedding ring can be a major investment. Some people save for months or years for a diamond. Some rings even cost tens of thousands of dollars. When a couple gets engaged, they may not worry about this cost because they’re just excited to be...
What are commingled assets in a divorce?
Only marital property is divided between a divorcing couple. It includes all assets acquired during the marriage, like a house, vehicle and even retirement accounts. Your personal property is not up for division. However, there are instances when this can change. When...
Three red flags that your spouse may be hiding assets
When a married couple divorces, assets and property obtained during the marriage are subject to property division. Most of the time, divorcing spouses go into this process willing to negotiate and share financial information in good faith, but, unfortunately, this is...
