The Process of Business Valuation Methods in Divorces
Many divorces involve one or both spouses having valuable business assets and interests. When this is the case, these assets and interests must be evaluated during the accounting of assets. As you might imagine, the processes and methods involved in business valuations are typically more complex and involved than...
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How a Lifestyle Analysis Determines Spousal Support
During a divorce, the courts work hard to ensure that each spouse enjoys a post-divorce standard of living comparable to the standard of living during the marriage. To do this, judges need hard evidence of each spouse’s lifestyle.
Although the Statement of Net Worth and other financial...
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Protecting Confidentiality With Non-Disclosure Agreements in Divorce Proceedings
Divorce is a private and typically stressful matter. When the facts or details of a divorce get out, people face all manner of reactions and emotions, from stigma to personal guilt. Fortunately, divorcing spouses can protect the confidentiality of their divorce proceedings with a well-crafted non-disclosure agreement (NDA).
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What Happens in High-Conflict Custody Cases?
Child custody cases are frequently contentious matters. However, some divorces involving child custody issues are far more explosive than others.
These cases proceed down the same path as any other divorce or custody dispute. However, the high conflict involved can sometimes tweak the process. Parents involved in disputes...
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Why You Should Update Your Estate Plan After a Divorce
An estate plan puts you in the driver’s seat and allows you to set plans for the future of your estate. But what if something happens, such as a divorce, that causes that future to change? A divorce essentially rewrites your future, which means your estate plan likely needs updating...
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Asset Dissipation: The Legality of a Spouse’s Reckless Spending During Divorce Proceedings
Divorce proceedings seek to fairly divide spousal resources. However, some spouses engage in questionable financial behavior during divorce, such as reckless spending. This reckless spending leads to the dissipation of marital assets in what is usually an unlawful manner. Fortunately, the other spouse may have recourse.
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How Is Mortgage Dealt With in a Divorce?
When a couple decides to divorce, there is no shortage of details to work out, both emotionally and financially. In New York, a mortgage is considered marital property, but it’s handled differently than other tangible pieces of property, such as a car or a boat.
A mortgage isn’t...
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Protecting Inherited Wealth in Divorce Proceedings: Legal Options and Challenges
Your wealth may not consist solely of the financial resources you generate through your work. If your family or close personal friends are well-off, you could find yourself inheriting some or all of their assets upon their passing.
That being said, should you subsequently divorce after inheriting property, you...
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Financial Planning After Divorce: Rebuilding Your Wealth and Securing Your Future
In many ways, divorce can represent a new beginning and a fresh start in your life. This can be both freeing and frightening, especially when you consider your need to chart a financial path forward that may not include support from your ex. Your financial world post-divorce could even include making...
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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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