Divorce  Disclosures
201606.07
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Divorce Disclosures

Divorce court requires both spouses to make full financial disclosures. This includes disclosing all real property, personal property, accounts, business interests, retirement accounts and other forms of property that you own jointly and separately. If you have a high net worth, the disclosures may be extensive. In many cases, one spouse will have a higher…

Negotiating a Marital Settlement Agreement
201605.27
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Negotiating a Marital Settlement Agreement

If you are considering filing for divorce, you should attempt to negotiate a Marital Settlement Agreement with your soon-to-be ex-spouse. This is not always easy since you must agree on how to divide assets, the award and amount of spousal support, child custody arrangements and all other matters related to your divorce. Below are a…

What to Consider for your Prenuptial Agreement – Part 2
201603.24
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What to Consider for your Prenuptial Agreement – Part 2

Hopefully you have read our prior blog discussing the first few factors you should consider when negotiating your prenuptial agreement. Below are a few more: Spousal Maintenance Depending on the applicable state law, you may want to create your own terms regarding the payment of alimony. This may be particularly important if one spouse intends…

Divorce in your Senior Years
201506.12
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Divorce in your Senior Years

Divorce during any phase of your life is difficult. When you are younger, it may involve minor children. According to Arthur Comings of NerdWallet, when you are in your senior years, the division of assets and debts can be more difficult because you have spent a lifetime building them. Thus, it is essential that you…