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March 2016 Archives

You've decided you want a divorce--now what?

8001328_S.jpgBy nature, most human beings seek to avoid conflict. It can be extremely anxiety-producing, therefore, when an individual is forced to face what's sure to be a difficult situation head on. For a spouse who wants a divorce, relaying this news to a husband or wife can be one of the most painful and important talks that he or she may ever have.

A word for working spouses in divorces

30710528_S.jpgWe can all agree that divorce can be difficult financially on both parties involved. This includes the spouse who works 60-70 hours per week outside the home (commonly the father), as well as the stay-at-home spouse who has taken time to raise the children (in most instances, the mother). Both parties may believe that a potential financial settlement may be patently unfair, but this post should help both parties understand that their version of a "fair" settlement may be unattainable

For divorcees age 50 and older, funding retirement must be a top priority

10264971_S.jpgFor many working people, retirement is revered as a long-awaited and anticipated time when the pendulum finally shifts from the repetitive nine-to-five grind to a time of freedom and exploration. At least, in theory, that's how many working adults envision their retirement years. In reality, however, a life of leisure spent traveling and golfing isn't in every retiree's future and statics show that this may be especially true for men and women who divorce later in life.

How are inherited assets treated in divorce?

18954926_S.jpgFor many parents and grandparents, a key goal of their financial and estate planning centers on being able to pass along wealth to their children and grandchildren. According to CNN, individuals who make up the baby boomer generation are expected to inherit a whopping $8.4 trillion dollars and a significant percentage of boomers indicate that they also intend to pass along wealth to their own heirs. For an individual who inherits wealth, it's important to understand how inherited assets are treated in a divorce.

Three reasons fathers can face their fears in custody actions

8078210_S.jpgFor fathers, having the opportunity to be in your child's life should be an easy question to answer. However, the challenges of decision-making disputes and emotional battles with the other parent can make parenting difficult. Additionally, the uncertainty of how a family court judge may view you can raise your anxiety.

4 ways to make custody exchanges easier (on you and the kids)

25355615_S.jpgSharing custody of your children with another parent after divorce can be enormously difficult, whether the split was contentious or not. Divorced spouses often prefer to avoid seeing or speaking to each other after they are no longer married, but parents who share custody of a child still have to communicate, and they still have to see each other during custody exchanges.

Can your business relationship survive a divorce?

43143070_S.jpgIn our last post, we hinted that money (and sometimes debt) can be the root of all evil. With that, it is not surprising that money problems can lead to divorce. This is especially true when spouses are business partners; literally and figuratively. But if the romantic relationship fizzles,  can two ex-spouses run a business together?

Fighting to be a parent: the challenges faced by many unwed fathers

13313189_S.jpgAccording to the Centers for Disease Control and Prevention, statistics from 2014 show that 40.2 percent of the babies that were born in the U.S., were born to unwed mothers. While some of these mothers were likely in committed relationships and even cohabitating with a baby's biological father, when it comes to paternity and a father's legal rights to parent his child, the courts have the final say.

Why saying I do to a prenuptial agreement just makes sense

33143952_S.jpgGone are the days when the majority of men and women in the U.S. married straight out of high school. According to data from the U.S. Census Bureau, in 1950 the median age for first marriages among women was 21 and men, 23. Fast forward to 2015 and the median ages at which women and men marry have increased to 27 and 29. Today, not only are more people delaying marriage, but the national divorce rate also consistently hovers between 40 to 50 percent.

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