Temporary Spousal Support and Divorce. The issues faced and what to do about it.
When divorcing couples experience ongoing conflict how to best agree on the amount of temporary support payments for reasonable and recurring living expenses, it’s a best practice to define the terms and conditions of the temporary support in a document we call an...
IRS issues during a Divorce. What do you do?
Within this article we will discuss what you need to do if: The IRS has notified you of an outstanding tax debt You perceive you should not be personally responsible for the IRS debt and You just started, or are in the middle of, a divorce process There are a series...
Stock Options and Divorce. Things You Should Know Before Making a Decision.
introduction to stock options in a divorce process If you or your spouse have stock options that need to be allocated as part of your divorce process then beware. Things can get complicated very quickly. You or your spouse can easily find yourself in a tax trap paying...
How do I stop a protracted divorce litigation (an extended divorce process)?
It is not uncommon for people to be unsatisfied in their divorce process. People who may be the breadwinners can pursue a strategy to drain the other side of money until they give in or simply do not understand. What you need to do is work on two things: Develop a...
My divorce attorney is not skilled in financial matters. What do I do?
Don’t worry you are not alone. Lots of divorcing parties innocently assume their attorney is skilled in divorce finance matters. If you could have an open and private conversation with your family law attorney you would discover s/he is skilled in the aspects of the...
Can social security impact a settlement structure in a divorce?
Can social security impact a settlement structure in a divorce? The short answer is absolutely. But, you would never know it if you didn’t work through the details and get a reasonably clear look into your financial future. Below is a real life situation which may...
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...