Key questions to ask when multiple properties exist in a divorce
If you and your spouse do not want to sell your real estate holdings, you need to address the following issues in your settlement structure: Will one piece of real estate appreciate more than another? What type of tax attributes are associated to each piece of real...
Are you still ‘the client’ if your spouse pays your advisor’s invoices?
This is a question that does not come up in conversation but should early on. When your advisor has to ask your spouse for money, the first question you should be asking yourself is whether your advisor has your best interests at heart. If you are not clear about the...
4 risks In divorce processes that can last a lifetime
Decisions that you, or your advisor make on your behalf, for your divorce can have a significant impact on your financial outcomes. Below are 4 process risks that few people discuss yet can pose significant risks to your financial life, and your children’s financial...
What happens when a divorce process goes on and on…
If you find yourself entering a divorce process, the last thing you want to experience is a divorce process that goes on and on. Yet, we’ve all heard stories where this happens all too often. If someone is not paid to close your divorce process, unfortunately just...
A buyout of an equity holder. 36 months of legal costs should have been 2-3 months.
Our client, Bob, made his first call to his attorneys. His second call was to his accountant. These initial decisions which appeared on the surface as “logical steps to take” cost him 36 months in not only time but also money with virtually nothing to show for it. He...
The evidence made the purchase price even higher
These shareholders were going through a business divorce. After 2.5 years, they spent over $250,000 in legal fees and they saw no end in sight. There was a lot of back and forth discussions yet they continued to cover the same grounds that were already discussed, many...
A false financial picture. That someone tried to paint.
Our client was a business owner. He made a healthy living. His wife did not have to work. He was also the sole beneficiary of a realty trust. The realty trust was the landlord to the business. The business was in the food manufacturing industry. The financial records...
A divorce. 4 years in the making. Was really 45 days of real work.
This divorce did not have to be 4 years in the making. Nor did it have to consume $500,000 of the marital estate. We read the back and forth communications over the 4 years. We also reviewed the financial information, among other issues in the divorce. We were asked...