What is more difficult: Running a household or running a corporation? The answer depends on who you ask. High-level corporate execs will argue that their jobs require long hours, analytical minds, and a certain degree of ruthlessness. On the other hand, stay-at-home parents will insist that they have the most difficult job on the planet…
DetailsIt is no secret that inflation is driving the cost of living higher and higher in the United States. Not only are things becoming much more expensive, but prices are also rising at a faster rate than most of us can remember. Not too long ago, the inflation rate in the United States was just 1.4%. In…
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There is no one-size-fits-all answer about how couples should approach their finances. Some couples put all their money into a joint account and make all major financial decisions jointly, based on the belief that this fosters togetherness and transparency and discourages dishonesty; they might each take a small cash allowance each week or each month…
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Which spouse gets to stay in the marital home is often one of the most contentious issues in a divorce. For the 99%, this is usually because the marital home is the most valuable asset that the couple owns, and if they have minor children, then the parenting plan often plays an important role in…
DetailsYachts are common assets among the super rich. Some are truly spectacular, achieving the status of “mega yacht” or even “hyper yacht.” Some even have their own detachable submarines, while helicopter landing pads are becoming more and more popular by the day. All that aside, it is clear that yachts can be a drain on…
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Financial issues can quickly spiral out of control in American divorces, leading to significant legal problems, disputes, and controversy. In the case of one ex-wife in Detroit, a financial situation led to her arrest. That was just the beginning of this stunning story, and now the tables have turned. It is her ex-husband who is…
DetailsFor legal professionals who handle divorces, January can be a busy month. But why is there such a surge of divorce filings when the new year rolls around? Many factors may be to blame, and marriages often end due to a combination of things. However, the increased number of divorce filings in January is clearly…
DetailsDivorce proceedings can become incredibly heated as all kinds of wild accusations fly across the courtroom. But can a divorce trial actually send people to prison? While this is always technically a possibility, the reality is that spouses rarely see the inside of a jail cell due to the outcome of divorce proceedings. If they…
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AACFL is committed to enhancing the legal profession through the financial education of family law practitioners. Learn how a top Florida firm has discovered the value of the CFL credential. We spoke with J. Christopher Lombardo, senior partner of Woodward, Pires & Lombardo, PA about why his firm chose to enroll in the CFL…
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