A prenuptial agreement is crucial to protect an owner’s business and keep it separate from marital assets in a high net worth divorce. In addition, it also protects the spouse that does not own the business from potential financial liabilities. What is a Prenuptial Agreement? Today, Americans are waiting longer to get married. Unlike previous generations, individuals entering marriage tend to be older and have more assets, including businesses or real estate. A prenuptial agreement is advisable, … [Read more...]

A personal injury settlement can impact child support if the parent is in arrears or if there is a significant increase in income. If the parent is in arrears on child support, a lien may be placed against the settlement. The court may require the lien to be satisfied before settlement monies can be released to the injured party. If the settlement is considered income, the parent's amount of child support could be increased. Effect of a Personal Injury Award on Income There is an assumption … [Read more...]

Divorces can be contagious. A recent study has shown that couples with friends who have divorced are 75 percent more likely to end their marriages. And if a friend of a friend divorces, a split is about 33 percent more likely. Seeing a friend going through a divorce can cause one or both partners to evaluate their own marriage and happiness. In some cases, divorcing friends give each other the strength to move forward. Domino Divorce Phenomenon The joint study conducted by Brown University, … [Read more...]

Making the mistake of being too nice during the divorce process could potentially bring unintended consequences. Under the best circumstances, the friendliest divorce can quickly turn nasty. Actions taken by one or both litigants to try to keep the peace or done out of feeling guilty could lead to disaster and become costly. Underestimating Instead of Preparing for the Worst A common mistake is trusting that the other spouse would never do anything to hurt the other. But the fact that the … [Read more...]

Facebook use is involved in up to one-third of divorces. In cases where it has been involved with destroying a marriage, its records are used as evidence in divorce court against the cheating spouse. While it is not a dating site, like Tinder or Plenty of Fish, Facebook can be used in similar ways by someone who is tempted to cheat on his or her spouse. Divorce Does Not Always Involve Physical Cheating Social media sites like Facebook allow users to reconnect with people from their past and … [Read more...]