“Divorce is expensive. I used to joke they were going to call it ‘all the money,’ but they changed it to ‘alimony.’ It’s ripping your heart out through your wallet.” – Robin Williams Look, let’s be clear here: Alimony is morally reprehensible. It is a form of modern slavery where the labors of one individual…
You’re thinking about getting divorced (or sitting on the floor looking at the divorce papers you’ve just been served with) and are concerned about how your assets and property will be divided. When it comes to your hard assets such as the marital home as well as any other property that was acquired as a…
Divorce puts your entire financial situation under extreme scrutiny with the very real risk of potentially losing your home, your savings, your business, and your entire standard of living and way of life. That is why it is important to understand how to protect assets in a divorce. Freeze or Close Joint Accounts If possible,…
The big question hanging over the end of a marriage is who gets what? From a legal standpoint marriage is seen to be an equal partnership, with each spouse’s contributions considered to be equal regardless of whatever circumstances or data can be shown to state otherwise. Even if one person is the sole earner of…
There are many reasons why a person would want to protect assets, property, or simply hide money in a divorce. The prospect of your marriage coming to an end is bad enough on its own, add to it the potential to lose everything you’ve spent your life building and you can see how divorce can…
One of the most important documents that you will complete as a part of your divorce is your Financial Summary. It is a comprehensive layout of both everything you and your spouse own, as well as what you owe. Usually each spouse is required to complete one of these separately, in the unlikely event that…