According to Federal Reserve data, 60% of Americans hold equities. The same Federal Reserve data indicates that approximately 60% of Americans hold real estate. During a divorce, spouses are likely to fight over at least one of these asset types. In many divorces, however, both assets are “on the chopping block.” Assuming that real estate assets are…
DetailsPaul McCartney’s divorce from Heather Mills was one of the most notable splits of the 21st century, and it ended with a considerable payout for the latter. As a leading member of perhaps the most popular music group in history, McCartney’s divorce was bound to attract attention. But the exact details of this divorce made…
DetailsMany Americans today own professional practices. There are about 1.4 million accountants nationwide, with many of these individuals owning their own firms. Lawyers follow closely, with about 1.3 million attorneys operating in the United States. Many of these lawyers own their own firms. The same goes for many medical professionals. About 200,000 dentists span the…
DetailsEconomic uncertainty rose on February 21, 2024, after Jeff Bezos dumped $8.5 billion of Amazon shares. Immediately, people started asking questions. Does Bezos know something we don’t? Why would he cash out in such a spectacular manner? What does this mean for Amazon? What does it mean for America? Could this spell the end of the tech-driven…
DetailsMost celebrities today sign prenups prior to marriage, and this strategy offers clear advantages. That being said, various celebrity spouses still settle their divorces like us “normal folk” – and some even take their disputes all the way to the courtroom. Why do so many celebrities choose prenuptial agreements, and could normal settlements be…
DetailsIt might seem incredible that religious violations, financial crimes, and divorce could all combine into one legal proceeding. However, this is possible not only in the United States but also around the world. We often forget that many of our laws are tied in with religion, especially when it comes to marriage and divorce. After…
DetailsAfter high-net-worth divorces, spouses walk away with millions of dollars, shares of valuable properties, and much more. But what happens when this is not enough? What if the spouse decides to push for even more cash? A common option is to pursue further divorce litigation to increase alimony, property division settlements, or child support. However,…
DetailsFor many divorcing spouses, the family home represents the most valuable asset in the estate. It may also be separate property if it was owned by one spouse prior to the marriage. Any increase in the value of that separate property during the marriage becomes divisible and falls under the category of marital property. That…
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