Navigating Divorce With a Business Partner: How Are Shared Assets Divided?
As many as 10% of U.S. for-profit businesses are jointly owned by spouses. When these couples decide to divorce, their businesses often become wrapped up in the proceedings. How the court handles these valuable assets can affect other orders the court enters, including spousal support and property division.
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The Role of Forensic Accountants in High Asset Divorces
The services of a forensic accountant aren’t always needed to settle a divorce, but couples with a large net worth or complex assets will benefit from working with a forensic accountant. Your divorce attorney will recommend working with a forensic accountant if they believe one is needed for the fair assessment and...
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Challenges and Solutions for Couples Divorcing With International Assets
Separating assets in a divorce is rarely an easy process. When you and your spouse have international assets, the issue only becomes more complicated. If you’re heading into divorce and have international assets to consider, it helps to be aware of some of the most common challenges you may encounter, as...
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Protecting Intellectual Property Rights in Divorce Settlements
New York divorce law consistently seeks to keep up with social and technological changes that affect modern life. The laws regarding intellectual property (IP) are one such example. Intellectual property includes a variety of assets, including trademarks, copyright, and trade secrets.
If you are facing a divorce in...
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What Clauses Can Be Included in a Prenuptial Agreement?
Prenuptial agreements, also known as prenups, are essential for protecting your personal assets in the event of a divorce. However, a prenup is only useful if it offers adequate protection for your unique circumstances.
Prenups are highly flexible and can be tailored to suit the needs of the...
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College Savings Account During a Divorce
Many couples set up a college savings account with the intention of planning for their child’s higher education expenses. However, once a couple decides to divorce, the assets in that account need to be addressed.
Couples often forget to consider college savings accounts during the divorce process, which can...
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What Isn’t Included In Child Support Payments?
Parents have an obligation to continue financial support for their children regardless of the status of their relationship. In the case of divorce or separation, one parent may be legally required to pay child support to help provide for the child’s needs.
Technically, child support funds belong to the...
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Navigating Child Support and Custody in High-Income Divorces
Divorce rates fall as income increases. The rates level off at about $200,000 in combined income before rising again at about $600,000 in combined income.
However, having a high income does not guarantee that your marriage will succeed. Some issues happen universally, regardless of income. And every parent going...
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Real Estate and Divorce: Handling High-Value Property Division
If you’re considering divorce, you may have all sorts of questions. How much will it cost? How long should it take? Do you qualify for alimony? The list goes on. However, one of the biggest concerns most couples have is how high-value assets like real estate will be distributed.
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The Role of Evidence in Securing an Order of Protection
An order of protection is a valuable tool for stopping domestic violence. It tells your abuser to stay away from you. If they fail to do so, the police can arrest them for violating the order. Depending on the nature of the violation and whether they committed any additional crimes when they...
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Divorce Mediation vs. Litigation: What’s Best for High-Net-Worth Couples?
When it comes to settling your affairs in a divorce, there are two main strategies that most couples use: litigation or mediation. Litigation is a court-led process, while mediation happens in a less formal environment where the couple comes to an agreement before meeting in court.
While
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Factors Influencing Spousal Maintenance Decisions
New York divorces do not automatically include spousal maintenance, also called alimony. Instead, the spouse seeking maintenance must show several factors to establish the right to spousal support and the amount they deserve.
Factors Considered When Awarding Spousal Maintenance
The purpose of...
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