Beware of commingling separate property with marital assets
You may have heard about the challenges that commingling of assets brings to a divorce proceeding. In this article we will discuss what the term commingling means and what you have to do to manage your financial risks. When you think about divorce, you need to be...
Carve out separate property from marital property in a divorce
There is wide acceptance from the courts that both spouses associated to a marital estate should benefit from the wealth accumulated from either party during the marriage. Yet, the same perspective is not upheld when there is property that was accumulated before the...
How to unfreeze frozen assets in a divorce
If you have been the subject of a freezing order in a divorce you may be experiencing a lot of financial turmoil in your life. You may be unclear why the freezing order was established in the first place or question the financial thresholds placed upon you. Your...
How to reduce future alimony payments for owners of financial advisory firms
If you are an owner of a financial advisory firm and going through a divorce be sure to determine which layer the income stream from your business will be included in for determining your property division; should it be included within the marital estate, the value of...
Divorce and spousal support; receiving parties beware
If you are going through a divorce and are the intended recipient of spousal support you need to read this article. One key takeaway is to be careful what your financial profile looks like today compared to what it needs to look like tomorrow. In other words, how you...
4 methods to allocate the tax liabilities in a divorce
If you are going through a divorce and filing as married filing jointly or married filing separately, be wary how the tax liabilities are allocated in your divorce. Why? If one of your goals in your divorce is to keep as much wealth in your pocket as you can, you need...
My spouse talks disrespectfully to me during my divorce
Is your spouse responding harshly to you during your divorce process? Did you ever think this is the way your divorce would go? You probably thought, like most people, your spouse would respect the boundaries you had established in your lives together. Simple things...
The decision process to file your taxes as married filing separately in a divorce
People who are concerned their spouse has (or will) understate income or overstate deductions question whether they should file their tax return as MFS instead of MFJ. When a return is filed as MFJ and the IRS identifies misreported information, the IRS holds each...
Be cautious how you negotiate the value of your short term rental properties in a divorce
If you own short term rental properties and need to assign the value of those assets in your divorce to your spouse, this article was written for you. When you are going through a divorce the perspective about the value of short term rental properties changes from...
Divorce: Why you may want to move out before June 30th
It may come as a surprise to you and your spouse that your decision when to move out of the marital home can have significant financial ramifications to one or both of you. You may even view this as an unkind divorce move that could unexpectedly saddle your spouse...