For legal professionals who handle divorces, January can be a busy month. But why is there such a surge of divorce filings when the new year rolls around? Many factors may be to blame, and marriages often end due to a combination of things. However, the increased number of divorce filings in January is clearly…
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When most of us get divorced, we run the risk of losing the family home, the car, and perhaps the dog. When billionaires get divorced, they run the risk of losing assets equal to that of a small nation. Such is the case with Russian billionaire Vladimir Potanin, the second-richest man in all of Mother…
DetailsDivorce proceedings can become incredibly heated as all kinds of wild accusations fly across the courtroom. But can a divorce trial actually send people to prison? While this is always technically a possibility, the reality is that spouses rarely see the inside of a jail cell due to the outcome of divorce proceedings. If they…
DetailsWe have all heard the horror stories of parents being bankrupted by unreasonably high child support payments. Stories of fathers living in one-room apartments while their former spouse lives in a mansion with the kids. Tales of dads just barely scraping by and working three jobs to make their child support payments for their three…
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On November 23, 2021, it was reported that Lucille “Lovey” Handelsman had passed away at the age of 93. Legal experts know her as the woman who managed to wrestle away most of her husband’s holdings along Palm Beach’s famous Worth Avenue, and she died while holding the unofficial title of “Mayor of Worth Avenue.”…
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While divorces can be emotionally impactful for spouses in the United States, they can also be financially impactful. In fact, the financial consequences of a divorce can be felt long after the emotional consequences have faded away. Spouses attempt to mitigate financial consequences however they can during a divorce, and they do this in a…
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For most couples, their highest-value asset is their family home. Although many spouses wish to hold onto these assets, some agree that selling them is the best option. Many spouses believe that selling the family home is the quickest and easiest way to ensure that both parties are receiving their fair share of the family…
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Sometimes, the numbers that surround celebrity divorces are simply staggering. Many Americans might be shocked or impressed to discover that a couple is fighting over $4 million in assets during a divorce. For Dr. Dre’s wife, this number represents a drop in the ocean of a $1 billion estate she is currently fighting over in…
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