Are You an Innocent Spouse?

One of the benefits of marriage is being able to file joint tax returns with a spouse. However, marriage brings a double-edged sword. On the one hand, spouses reap the benefit of being able to collectively have more money to live on if they're drawing from the same pool during their marriage and maximizing their tax benefits. The downside, though, is when the spouse with no knowledge of marital finances signs off on tax returns and it later comes to bite them. (more...)

September 26th, 2018|Divorce and Children, Divorce Finances, Separation Agreements|

Divorcing High Net Worth Couples

How apropos is the expression, “Increased possessions, increased worries” or the lyrics to the song, “Mo’ Money Mo’ Problems” to high net worth divorces? In short, these are first world problems, but problems, nonetheless. The bigger and more intricate or complex the pie, the more moving parts there are to account for. The asset portfolio and sources of income streams and investments are multilayered and the “mandatory” “nondiscretionary” expenses and the definition of necessities have a significantly broader scope. The difference between (more...)

July 16th, 2018|Divorce Finances, Divorce Mediation Process|

Beware the Trojan Horse

During negotiations, people oftentimes have a hierarchy of what's important to them. As a divorce attorney, you have to coach your clients to be wary of what they want versus what the other spouse wants to give them, because almost every scenario has its benefits and pitfalls. Consider these various potential Trojan Horses: Houses: Getting the house in a settlement is typically a big issue. Often, the spouse that wants the home perceives it as a security blanket because someone else had (more...)

May 18th, 2018|Collaborative Divorce, Divorce Finances|

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