Month

January 2016
Spousal support, commonly referred to as alimony, is the payment from one spouse to another either ordered by the family court or agreed-upon in a divorce settlement agreement. Alimony is designed to limit any unfair economic advantage one spouse has over another. It can be ordered as rehabilitative, temporary or permanent. While there are several...
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Divorce is the last thing that many seniors want to worry about, yet late life divorce is a growing trend. At a time where the main concern is estate planning and retirement, thousands of seniors are opting to take on their golden years single. Although this growing trend may not have too much of an...
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A qualified domestic relations order, commonly known as a QDRO, is a court order allowing someone other than the original plan participant to receive money from a retirement account. For many individuals, especially those divorcing later in life, retirement accounts represent a significant investment and, therefore, are often subject to property division. Although many retirement...
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Child custody is one of the most argued issues during divorce proceedings. Family court uses the common model of what is in the best interests of a child when determining custody arrangements. This model usually suggests that maximized time spent with both parents is almost always in the child’s best interests. While this belief is...
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Occasionally, divorcing spouses are in agreement about the dissolution of their marriage. While it isn’t extremely common, some couples can even agree on custody, spousal support and property division. Many times financially related issues like spousal support and custody are based on specific income information and a percentage which may allow them to be decided...
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Occasionally, married individuals will choose to go their separate ways but remain married. This condition is known as separation. For many, the confusing part of separation is understanding that separation comes in four different forms. These four different types of separation are identified by their legality, orders and living arrangements. In all but one of...
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Even the most well-prepared individuals sometimes overlook important aspects of their situation that come back to haunt them later. In reference to marriage and divorce, many individuals find it too overwhelming to consider everything that may impact their financial well-being. However in the event you own your own business and get married, preparation and planning...
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Generally speaking, an inheritance received by one spouse during a marriage is not subject to property distribution in divorce. Even though each state has its own laws regarding how it is viewed in divorce, typically inheritance received both before and during a marriage is not affected by equitable distribution. Although most states agree that inheritance...
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