One of the hardest things that a family law judge must decide is how to impute income. Imputing income is legalese for deciding how much income each party in a divorce case has and how much they are expected to make in the future. This information is used to decide fair amounts of spousal mainten…
Using the services of a divorce lawyer should be done judiciously to avoid high legal fees after a divorce is settled. The longer a divorce is dragged out, the more expensive it gets. Sometimes it gets so bad that a judge is forced to comment on it.
That’s what happened in Britain when two very …
Divorcing late in life is becoming more common. This brings up questions about how dividing finances works for retirement assets. One area where this is easy is Social Security benefits. In fact, you may be able to claim your ex-spouse’s benefits long after a divorce happened if you meet certain …
There are a number of fees that can surprise couples during a divorce, and it is important that both parties are aware of them. Forewarned is forearmed, and no one wants to deal with the stress of a divorce and suddenly get an unexpected bill on top of it. Here are some things to look for from an…
A California software consultant has taken an unusual step to fight his alimony (spousal maintenance) payments. He has written an initiative to end alimony altogether in the State of California, and has received permission from the Secretary of State to start gathering signatures per California l…
A lot of people don’t like the IRS. There are lots of little gotchas that can put people on the hook for large sums of money. Sometimes these hit during a divorce, and sometimes much later when split property is cashed out. It depends on the asset in question.
In most cases, when there is a tran…
Divorcing in your retirement years is growing in popularity, but it carries some significant financial risks. Investment income, Social Security benefits, and other financial instruments must be split equitably according to the law, without leaving one party without the money necessary to support…
Divorcing in your retirement years is growing in popularity, but it carries some significant financial risks. Investment income, Social Security benefits, and other financial instruments must be split equitably according to the law, without leaving one party without the money necessary to support…
When parents go through a divorce, child custody can be one of the hardest issues to deal with. But increasingly in American households, pets are part of the family, and separating can create similar concerns over who gets the family pet.
It might seem like common sense that when a marriage dissolves, all the assets owned by the couple must be dispensed with according to the laws of the state in which the couple lived. But what about planning for the years following divorce?