When divorcing a millionaire, a person has the additional burden of understanding the many and often complicated financial holdings. If the well-heeled spouse is a high-powered executive, for instance, it’s important for divorcees to know about stock options and restricted stock plans. Stock options are considered assets that can be divided between spouses in a divorce. Keeping Tabs on Stock Portfolio Executives and key employees sometimes have stock options and restricted stock plans. … [Read more...]

Managing daily logistics can be complicated when co-parents live separately and are on less-than amicable terms. Luckily, there are co-parenting apps that can help parents communicate clearly, stay organized, keep track of all details, reduce angry phone calls and confrontations, and focus on what really matters – raising happy kids. The following apps are designed to make the realities of co-parenting easier and less stressful. Our Family Wizard The brainchild of a divorced couple, Our … [Read more...]

It’s common for “high net individuals” to set up trusts as part of tax shelter, wealth protection measures, and estate planning, but that presents a unique set of challenges when it comes to divorce. A trust is a legal agreement in which the trustor (the person who creates the trust) gives the trustee (the person in charge of the trust) the right to hold title to assets or property for the benefit of a beneficiary (the person for whom the trust is created). The trust is usually given a different … [Read more...]