January 6, 2022 – The first thing to know about social security payments in retirement is that your divorce terms do not determine how much social security you’ll get FROM SOCIAL SECURITY e.g. the government program that is social security. Here are the two general rules for social security: If you were married for 10 … Continue reading Social Security and Divorce
October 6, 2021 – This is a wakeup call to family attorneys and their clients to urge both to consider what is inside brokerage accounts and not just look at account titles and balances. Your attorney may only look at the balance of your brokerage account and your investment company may only report current market values. … Continue reading Today’s Spotlight: Your Brokerage Account Value May Be Less Than You Think
Protecting your assets isn’t just about insurance. Couples willingly enter marriage without considering the impact of a break-up while few would enter a business partnership without planning who takes home what value if the business were to close or be sold. The bread winning spouse may fear the consequence of asking for an agreement. The … Continue reading Your Relationships: Should you Prepare a Pre or Post Nuptial Agreement
Identifying the value of a privately held business or business interest to be divided in divorce is one of the most difficult, time consuming, and expensive tasks involved in separating financial assets. This is even more the case in 2020 when the impact of Covid-19 may have exposed a business’s vulnerabilities or, conversely, opportunities that … Continue reading Investments in Private Companies: What information does a divorcing spouse need in order to evaluate these interests?
In divorce, one of the most difficult decisions is what to do with the family home. Take the story of Jill and Bob Carter. The Carters have been married for 20 years and purchased their home after marriage. The home is considered community property. The Carters have two children, Mark, 18 and headed to college, … Continue reading Dividing the House in Divorce: What are the options?