Prenuptial agreements have been around for a long time. Over this time, a lot of myths have developed about these legal agreements. Today, we will go over two common prenup myths and why they are incorrect.
Watch out for prenup myths
Tax Cuts And Jobs Act Of 2017 Impact On Divorce
The Tax Cuts and Jobs Act of 2017, or TCJA, signed into law by President Trump on December 22, 2017, has taken tax policy concerning family support in divorce back to the first half of the last century. The TCJA reversed seventy-five years of tax treatment of alimony. Alimony is a cash support payment made periodically for a specific duration and usually from income earned by one former spouse paid to another as a result of dissolution of their marriage (divorce) or legal separation.
For Divorce, Collaborate - Don't Litigate
Tim was sad but resigned as he described his marriage in our initial conference.
Child Custody Disputes & Putting the Children First
As a matrimonial attorney for nearly 34 years, it never ceases to amaze me the little regard people often have for their children during the dissolution process. I say this because, too often, I see mothers and fathers using their children as pawns or as ammunition in the war against their spouse. While the party may believe that he or she is acting in their children's best interests, in fact, the opposite is true. The long-term impact of divorce on the family and children can be devastating. As the father of two daughters, I have experienced firsthand the challenges of being a parent. It is not easy, no matter the children's ages, and requires two parents working together. It is possible to continue to present a common front as parents during a divorce if only parties recognize that they have only one shot with their children to get it right and that there are no second chances.
Preserving an Inheritance During a Divorce
During the course of your marriage, you may inherit certain assets or property from loved ones, either after they pass away or while they are still alive. Although in most states these inherited items are considered the separate property of the individual who received them, Connecticut is one of a handful of states that generally considers them shared assets. This means that inheritances are likely to be factored into the division of marital property if you are seeking a divorce from your spouse.
Sue Ann Hamm to Appeal $1 Billion Divorce Ruling
In what has been one of the most expensive divorce settlements of all time, the wife of oil baron Harold Hamm received nearly $1 billion in a court ruling issued in early November. However, Sue Ann Hamm's attorney says she will appeal this amount, as it represents only about 6 percent of the fortune she and her husband, Harold Hamm, have amassed over the course of their 26-year marriage.
Keeping Child Discipline Consistent Between Divorced Parents
One of the most significant challenges divorced parents face is figuring how they can maintain consistent discipline and expectations for their children, especially if the kids split time between the two parents' homes. It's common for disputes to arise, for example, when one parent has different standards than the other.
Helpful Tips: Reducing Unnecessary Expenses in a Divorce
Going through a divorce can be an expensive process, especially if there are high-value assets involved or significant tension between you and your former partner. However, even when a divorce is headed toward an amicable settlement, it can be very difficult to divide marital property, financial assets, debts and items of value as you plan for a life without your spouse.
Study: More People Getting Married Multiple Times
A recently released study from Pew Research found that about 40 percent of all new marriages in 2013 included at least one spouse who had been previously married, and nearly 20 percent were between couples in which both partners had been married in the past.
Financial Implications of Legal Separation vs. Divorce
One noticeable trend in family law over the past several years has been the tendency of couples to remain legally separated for long periods of time without actually getting divorced. In many situations, they make the decision to do this because of financial concerns.
