While the legal system strives to protect individuals who want to divorce their spouses, there are some factors that are difficult to enforce. One clear example is financial manipulation. Spouses can often feel trapped in abusive marriages when they are led to believe that divorce would lead to their financial ruin. A financially abusive spouse…
DetailsIn an ideal world, determining marital standard of living would be relatively easy. Courts would simply assess the lifestyle enjoyed by both spouses and use this as a basis for alimony and child support payments. Unfortunately, things are not always so simple in the highly contentious world of divorce. This is especially true when dealing…
DetailsAlthough there are a multitude of financial factors that come into play during a divorce, many people are concerned with one simple question: “Will I have enough money to pay my legal fees?” This might not be a concern in high-net-worth divorces, but the majority of divorcing Americans find themselves facing serious economic pressures. Many…
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Financial evidence can be incredibly important in divorce trials. If a spouse is hiding the true value of their assets, this type of financial documentation is often necessary to ensure matters are handled correctly and fairly. Without strong financial evidence, spouses may be unable to seek adequate alimony or child support payments. In the modern…
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Confidentiality and privacy have long been concerns for divorcing spouses in the United States. Divorce itself has a negative stigma attached to it, regardless of how “normalized” this process has become in recent decades. No one wants to “air their dirty laundry” in public, especially if the details of the marriage are embarrassing or shocking.…
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In the current era, children have a wide range of potential income sources before they even graduate high school. The popularity of young YouTube stars shows us that kids can become high-earning celebrities before they even know what to do with the money. Child actors are also a clear example of how a minor can…
DetailsNo 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…
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