People fight over just about everything in a divorce, from houses and cars down to boxes full of cookie cutters. Everyone thinks of bank accounts, vacation homes, stocks, bonds, retirement annuities, and the like. These are the common and obvious ones. But there are a number of unexpected divorce assets …
Money problems ruin at least as many marriages as infidelity, probably more. Financial strain is a huge source of stress for many people, both individuals, and couples. One major area where we feel the pinch is with student loan debt. A recent study uncovers the major impact it has on …
Divorce is usually a private matter. Sure, your friends and family know what you’re going through. But most people don’t broadcast that news to the general public. As social media has become a ubiquitous part of modern life, that has changed. It’s remarkable what some people choose to share online. …
Divorce can be a stressful, emotional time, where you’re juggling a great many balls. In this situation, things slip through the cracks and financial mistakes are made.
Once in place, it’s difficult to modify child support orders. That’s not to say it’s impossible, but it isn’t an easy road.
Ending a marriage can be an expensive proposition even when uncontested. Here are the costs of divorce you should be on the lookout for.
As opposed to community property states, where all property acquired during marriage belongs equally to both spouses, equitable distribution views the property as belonging to the individual spouse who earned it.
UPDATED: This probably comes as no shock, but divorce is expensive. Why? To paraphrase the old dad-joke, because it’s worth it! In all seriousness divorce often does cost a great deal of money. Many things impact the ultimate financial cost, and like most things with ending a marriage, it varies …
No matter the name on the title, credit card, mortgage, auto financing, or business loan, Oregon presumes both spouses acquired a debt.
In the media, we hear a great deal about the problems dads who lose their jobs face. Many become stuck in situations where they can no longer afford to make child support payments. They’re often labeled “deadbeat dads.” After months of failing to pay, the courts may find these fathers …
“In this world nothing is certain, except death and taxes.” So goes the familiar saying often attributed to Benjamin Franklin. With that in mind, we want to remind you of the tax changes that arrived with the new year and their potential to impact divorce, specifically spousal support. While we …
After divorce, child support is often one of the biggest continuing expenses many fathers face. These court-ordered payments provide for the needs of your kids. In many cases, one parent pays a certain percentage, while the other covers the rest. But what if your ex won’t pay her share? Rick …
Child support tends to get tricky. There’s a formula involved, but it accounts for many factors. Of course, the income of both parents, as well as level of need, figure prominently into the final amount. Like most court orders, once in place, child support is difficult to modify, though it …
The old saying goes, possession is nine-tenths of the law. That’s not exactly a legally binding statue, but the underlying idea often plays a role. One situation we see frequently involves engagement rings. One of our founding partners, Rick Jones, makes regular appearances on the Danny Bonaduce and Sarah Morning …
When you marry someone, you share your life with that person, for good and ill. Every facet of your lives weave together—you create a home, have kids, mingle finances, and build a life. After a while, it’s tough to tell where one life begins and the other ends. That’s part …
Divorce comes with any number of expenses. You have court costs, filing fees, an attorney to pay, and even a change in tax status. Those are the obvious ones, but there are others. In many cases, you need to find a new place to live. Perhaps your custody arrangement necessitates …
We see it all the time on the news and the covers of the trashy gossip magazines we pretend we don’t read waiting in line at the grocery store. Some celebrity power couple is finally tying the knot! It’s about time. But don’t worry, they’re being smart and have an …
This post has been updated. In the wake of divorce, you face many expenses. Ending your marriage may be the absolute right choice, but it rarely comes easy or cheap. One of the biggest continuing costs many men encounter is spousal support. Like many court orders, once in place, these …
Whatever your business, you pour your heart and hard work into these ventures. They not only represent your passions and drives, but they’re also practical concerns. The process of ending a marriage is already a snarl of shared assets, parenting plans, and more. When there’s a business during divorce, it …
Divorce has a significant impact on your financial future. In some unions, the dissolution of marriage and division of property are relatively simple. Especially in short marriages where there’s little to divvy up. The more there is to do, however, the more complicated the process becomes. There’s a great deal …
For those of us who are parents, our children are the most important part of our lives. We do just about anything to keep them safe and put their well-being ahead of our own. When it comes to divorce, both parents remain responsible for sustaining any children, and part of …
Over the course of a marriage, two lives become inexorably entwined. Divorce is the process of untangling them. A relatively straightforward feat in shorter unions, the longer you and your spouse stay together, the messier things get. Social Security and Divorce For marriages over ten years, one thing to be …
UPDATE: The sweeping new tax plan Congress passed at the end of 2017 will impact almost everyone. This includes changes to divorce settlements, specifically those involving spousal support. Beginning January 1, 2019, on new court orders that include spousal support provisions, the party paying spousal support will no longer be …