No matter how hard we try to keep our laws universally applicable, there are always exceptions. In the case of dividing businesses during a divorce, there are some firm ground rules that generally apply to most spouses. However, these laws are not “written in stone,” and there are considerable exceptions. Although it might be rare…
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Many spouses in the United States own businesses, and dividing these assets can be tricky during a divorce. This can be especially complex when you consider the various tax implications of dividing a business. It is important for spouses to understand these implications in order to avoid unnecessary taxes and complexities as they end their…
DetailsMany parents are concerned that child support payments are not being spent responsibly by the custodial guardian. This is an understandable concern. After all, it goes without saying that child support payments should be spent to ensure the well-being of the child. A parent who uses this money for frivolous and self-serving expenses is obviously…
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When couples get divorced, it can seem like there are a million different things to think about. Putting aside the emotional impact of a separation, spouses must consider the potential financial effect of their ending marriage. While there are many potential ways in which a divorce can affect a spouse’s financial well-being, life insurance is…
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One of the most interesting things about the United States is the fact that each state has the freedom to approach divorce in its own unique way. Laws and regulations can vary tremendously from one end of the nation to the other. With these differences in mind, it should come as no surprise that some…
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Most financial experts agree that if spouses are trying to protect their assets from the potential negative consequences of a divorce, one of the best decisions is to set up a trust. However, not all trusts are created equal. How a trust is drafted has an enormous impact on the level of protection it offers…
DetailsWhen one spouse cannot access assets during a divorce, it may lead to significant disputes. Offshore bank accounts are increasingly common these days, especially among individuals with especially high net worths. If one spouse is aware that assets are being concealed or “protected” in an offshore account, it may lead to significant disputes during the…
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Many couples these days invest significant amounts of money into stocks, dividends, and other financial products. But what happens during a divorce? In the case of high net worth divorces, spouses may have millions of dollars tied up in various investments. Most of the time, spouses want to wrap up their divorces and move on…
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