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...]