Breaking Up Is Hard to Do
All financially responsible individuals want to protect their loved ones after they pass, not least when they have significant assets to distribute to their beneficiaries.
Are you facing divorce with children involved? The new trend of nesting divorce could work for you. Get in touch with Adria S. Hillman today.
If you’re involved in a contentious divorce, there’s a chance that your spouse does not want you to get what you fairly deserve as the two of you divide your property. They may take many different steps to prevent you from obtaining these assets.
Perhaps the most common mistake people make when hiring a divorce attorney is deciding that they don’t need one. The second biggest mistake may be just choosing the first name they find in the phone book or on an internet search results page.
When your grandmother or your parents left you a sizable inheritance, they wanted to provide for your future stability. Unfortunately, your ex could undermine that legacy by trying to claim your inheritance in an upcoming New York divorce.
Getting a divorce when you and/or your spouse have an extremely high net worth introduces many potential problems. A spouse may have few financial resources and feel concerned about making ends meet after the divorce or believe that you’re trying to hide valuable assets. A spouse may also feel that the other spouse is attempting to take more than their share of the marital estate or worry about losing one or more businesses.
For many couples, their retirement accounts are some of the biggest assets they have. These are meant to work to support their household as they grow. But, that’s not how things are going to go if they go through a divorce.
While every divorce does have to go through court, spouses don’t have to argue in litigated proceedings. There are multiple approaches to modern divorce, with four systems being the most common. Litigation is one of those options. The others are mediation, negotiation and collaborative law. How does someone considering a divorce decide which approach is best for them?
Having a prenuptial agreement is one way to clarify how property will be divided in the event of a divorce. Not only can disputes be avoided, but prenuptial agreements can also offer some sense of stability during the course of a successful marriage.
Does divorcing always mean that the family business has to be dissolved or that one party has to buy out the other for the business to go on? Not necessarily. There are times when a couple will decide to retain their respective portions of their company.
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