Financial evidence can be incredibly important in divorce trials. If a spouse is hiding the true value of their assets, this type of financial documentation is often necessary to ensure matters are handled correctly and fairly. Without strong financial evidence, spouses may be unable to seek adequate alimony or child support payments. In the modern…
Details
Confidentiality and privacy have long been concerns for divorcing spouses in the United States. Divorce itself has a negative stigma attached to it, regardless of how “normalized” this process has become in recent decades. No one wants to “air their dirty laundry” in public, especially if the details of the marriage are embarrassing or shocking.…
Details
In the current era, children have a wide range of potential income sources before they even graduate high school. The popularity of young YouTube stars shows us that kids can become high-earning celebrities before they even know what to do with the money. Child actors are also a clear example of how a minor can…
DetailsNo matter how hard we try to keep our laws universally applicable, there are always exceptions. In the case of dividing businesses during a divorce, there are some firm ground rules that generally apply to most spouses. However, these laws are not “written in stone,” and there are considerable exceptions. Although it might be rare…
Details
Many spouses in the United States own businesses, and dividing these assets can be tricky during a divorce. This can be especially complex when you consider the various tax implications of dividing a business. It is important for spouses to understand these implications in order to avoid unnecessary taxes and complexities as they end their…
DetailsMany parents are concerned that child support payments are not being spent responsibly by the custodial guardian. This is an understandable concern. After all, it goes without saying that child support payments should be spent to ensure the well-being of the child. A parent who uses this money for frivolous and self-serving expenses is obviously…
Details
When couples get divorced, it can seem like there are a million different things to think about. Putting aside the emotional impact of a separation, spouses must consider the potential financial effect of their ending marriage. While there are many potential ways in which a divorce can affect a spouse’s financial well-being, life insurance is…
Details
One of the most interesting things about the United States is the fact that each state has the freedom to approach divorce in its own unique way. Laws and regulations can vary tremendously from one end of the nation to the other. With these differences in mind, it should come as no surprise that some…
Details
Most financial experts agree that if spouses are trying to protect their assets from the potential negative consequences of a divorce, one of the best decisions is to set up a trust. However, not all trusts are created equal. How a trust is drafted has an enormous impact on the level of protection it offers…
DetailsWhen one spouse cannot access assets during a divorce, it may lead to significant disputes. Offshore bank accounts are increasingly common these days, especially among individuals with especially high net worths. If one spouse is aware that assets are being concealed or “protected” in an offshore account, it may lead to significant disputes during the…
Details