Getting a divorce when you and your spouse have wealth seems easier since there is plenty for you to share. Unfortunately, possessing valuable assets typically does the opposite—it makes your situation more complex. In any divorce, both parties deserve a share of marital property, but dividing assets in an equitable manner is no small feat for the average person. The
How much do you know about the ins and outs of cryptocurrencies? What about non-fungible tokens (NFTs)? You would not be alone in struggling to grasp the consequences of these virtual assets. That’s why you might need to learn fast if you are divorcing and believe your spouse does understand them. Many more people have found turning to the virtual world a
When spouses are divorcing, they sometimes do things just out of spite or to “get back” at each other. Sometimes, the people who do this are otherwise decent and reasonable people who are overwhelmed by what is happening. One way that some spouses take revenge on their future exes is something called “dissipation of assets.” This is when one spouse
Getting a divorce is a challenging process. However, if you have a medical practice, this complicates the situation further. As a medical practitioner, one of the worst things may be the thought of losing what you have worked to build. Understanding the law and your rights will help you know your options regarding your medical practice in a divorce. A
During a divorce, a big part of the process is dividing assets. You and your spouse must list all your assets and debts, which are then divided based on your situation. However, not all people are honest in these situations. Sometimes your spouse may try to hide assets, so they can’t be part of the divorce process. Knowing what to look
Many people think about the family home as the property that people going through a divorce may fight over. While it’s true that this home is often the biggest asset, there’s another asset that’s present in some divorces that must be considered. This is the vacation home. A vacation home often holds a special place in the heart of each family member.
When you plan your wedding, the future looks rosy. Together, you anticipate a life full of love and happiness. No one is thinking about divorce or what it could mean for your small business – but they should be. If you are a small business owner you may be concerned about the future of your business. Should your marriage end
A person’s standard of living is the lifestyle they’re accustomed to living. Someone who has a net worth of over $1 million will have a much different standard of living than a person who has an annual income of $12,000. While most people don’t think much about their standard of living, someone who’s going through a divorce might quickly realize
Division of property is usually one of the most contentious issues during the divorce process. Division of property becomes even more contentious and conflict-riddled when it involves a substantial estate that may include real estate holding, complex trusts, retirement accounts and foreign assets. These are known as high net worth divorces. Most high net worth divorces are usually complex due
Throughout your marriage, you and your spouse supported one another and shared your resources. Both of you have come to expect a certain standard of living and to enjoy certain benefits that you derive because of your marriage. When one spouse files for divorce, both will have to adjust to reduced income and changes to their household circumstances. Splitting your
Getting a divorce when you and your spouse have wealth seems easier since there is plenty for you to share. Unfortunately, possessing valuable assets typically does the opposite—it makes your situation more complex. In any divorce, both parties deserve a share of marital property, but dividing assets in an equitable manner is no small feat for the average person. The
How much do you know about the ins and outs of cryptocurrencies? What about non-fungible tokens (NFTs)? You would not be alone in struggling to grasp the consequences of these virtual assets. That’s why you might need to learn fast if you are divorcing and believe your spouse does understand them. Many more people have found turning to the virtual world a
When spouses are divorcing, they sometimes do things just out of spite or to “get back” at each other. Sometimes, the people who do this are otherwise decent and reasonable people who are overwhelmed by what is happening. One way that some spouses take revenge on their future exes is something called “dissipation of assets.” This is when one spouse
Getting a divorce is a challenging process. However, if you have a medical practice, this complicates the situation further. As a medical practitioner, one of the worst things may be the thought of losing what you have worked to build. Understanding the law and your rights will help you know your options regarding your medical practice in a divorce. A
During a divorce, a big part of the process is dividing assets. You and your spouse must list all your assets and debts, which are then divided based on your situation. However, not all people are honest in these situations. Sometimes your spouse may try to hide assets, so they can’t be part of the divorce process. Knowing what to look
Many people think about the family home as the property that people going through a divorce may fight over. While it’s true that this home is often the biggest asset, there’s another asset that’s present in some divorces that must be considered. This is the vacation home. A vacation home often holds a special place in the heart of each family member.
When you plan your wedding, the future looks rosy. Together, you anticipate a life full of love and happiness. No one is thinking about divorce or what it could mean for your small business – but they should be. If you are a small business owner you may be concerned about the future of your business. Should your marriage end
A person’s standard of living is the lifestyle they’re accustomed to living. Someone who has a net worth of over $1 million will have a much different standard of living than a person who has an annual income of $12,000. While most people don’t think much about their standard of living, someone who’s going through a divorce might quickly realize
Division of property is usually one of the most contentious issues during the divorce process. Division of property becomes even more contentious and conflict-riddled when it involves a substantial estate that may include real estate holding, complex trusts, retirement accounts and foreign assets. These are known as high net worth divorces. Most high net worth divorces are usually complex due
Throughout your marriage, you and your spouse supported one another and shared your resources. Both of you have come to expect a certain standard of living and to enjoy certain benefits that you derive because of your marriage. When one spouse files for divorce, both will have to adjust to reduced income and changes to their household circumstances. Splitting your
