Oftentimes, during a divorce, it can be challenging to divide marital property, especially the marital home. Upon conflict, there are usually frequent questions about who will keep the marital residence when the divorce is finalized. However, one side may move to force a sale of the home while the divorce is still pending.
Read MoreFinancial tracing is a process that occurs in many divorce or parentage proceedings. Essentially, financial tracing is the process of tracking the origin, movement, and ownership of assets or income incident to a domestic relations matter.
Read MoreAn important consideration when negotiating a divorce settlement is whether there are any tax consequences for a spouse being awarded certain marital assets. Often the most equitable way to divide a marital estate is for each party to be awarded assets “in kind”, meaning similar amounts of similar types of assets. That way each party is in a similar financial position post-divorce.
Read MoreOftentimes during divorce or parentage matters, the issue of which parent will receive the tax exemption for the minor child becomes a contested issue. In determining this issue, there are two relevant sections of law to examine.
Read MoreDuring the pendency of divorce, people often wonder what rights or obligations they have in regard to health and life insurance. It is a common scenario that one spouse receives health insurance through their employer and the other spouse is included on the health insurance plan. When parties separate, a concern arises as to what the uninsured spouse will do for insurance, especially if they are not employed or not offered health benefits by an employer.
Read MoreDissipation is the spending of marital funds, for a purpose that is not for the benefit of the marriage, during the time period after the breakdown of the marriage and the finalization of a divorce.
Read MoreThe home that parties reside in during the course of the marriage is often referred to as the “marital residence”. The marital residence is a part of the marital estate and each party is entitled to an equitable division of marital property.
Read MoreAfter the initiation of a parentage or divorce case, the typical next step is for each party to engage in the discovery process. The discovery process involves each individual turning over financial documents that show income, assets, and liabilities.
Read MoreDuring divorce, people rarely consider altering their estate plan in the event of death or incapacitation. We hope this article gets you thinking about it.
Read MoreA Qualified Domestic Relations Order, or a QDRO, is a special court order that allocates the retirement benefits that a former spouse has earned through participation in a retirement plan.
Read MoreA huge part of divorce is family finances - both planning before a divorce and maintaining during the process. This can be daunting, but here are a few tips.
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