Pensions are considered marital property in a divorce in most cases, however, how a pension is divided and whether survivor's benefits are payable is generally up to the divorce court. All or a portion of a spouse’s pension could be considered in the couple’s marital assets. How much is considered depends on when contributions were made to the pension account. How Marital Assets are Divided When determining how property will be divided in a divorce, the Court considers three categories: Spouse … [Read more...]

When one spouse wants a divorce, there are a few simple steps the other partner can take to ensure his or her rights are protected. While the divorce may seem to be clear cut, complications can arise quickly, especially in a contentious divorce or one with high-net-worth individuals. Having legal representation and getting prepared for what's in store is almost always the best choice when divorce proceedings are inevitable. After the Initial Shock Wears Off It might come as a shock to be told by … [Read more...]

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...]