Just as COVID seems to have improved, we have an increasing number of new worries. The war in Ukraine, inflation and supply shortages are affecting many of us emotionally and financially. In some cases, they are altering our personal choices including whether or not to divorce. That may seem … [Read more...] about Are You Delaying Divorce Because of Inflation or World Events?
When a couple divorces, only their marital property is divided between them. Separate property is not split. Separate property is property that is acquired before the parties’ wedding date, through inheritance, or a gift made directly to a party during the marriage, provided it remains titled … [Read more...] about Why You Should Use a Trust and Prenuptial Agreement to Protect Separate Assets in Divorce
Generally, assets acquired before a couple’s wedding date are considered separate property and not subject to division in divorce. Gifts or inheritances explicitly given to one spouse during the marriage are also that party’s separate property. However, separate property can become marital property … [Read more...] about How to Prevent Your Marital Home from Becoming Marital Property in Divorce
In divorce, your marital property is subject to equitable distribution. That means the property you and your spouse acquire during the marriage will be fairly divided between the two of you. Equitable distribution can include your marital home. Typically, your house is either sold with the proceeds … [Read more...] about Two Reasons You Should Not Fight Over Your Marital Property in Divorce
Post-divorce legal disputes are not unusual. As time passes, circumstances can change and one party cannot or will not meet their obligations. For example, a former spouse may stop paying spousal or child support or violate the custody arrangement as provided in the divorce settlement or custody … [Read more...] about Can You Recover Your Attorney’s Fees in a Post-Judgment Enforcement Action After Divorce?
With tax season well in gear, married couples have a choice to make. Should they file their tax return jointly or separately? Generally, a joint return is better financially, but there are exceptions where a couple would pay less taxes by filing separately. One spouse may also prefer to file his or … [Read more...] about What Married Filing Separately on Your Tax Return May Mean for Your Finances and Marriage