Blog: Divorce

2/25/16

The role of prenups in marriage and divorce

When two people are in love, they often have a rosy outlook on life. They likely walk down the aisle with the belief that their marriage will last forever. However, people often change over the course of a marriage, making Prenuptial agreements can help people make important decisions about what will happen in the event of a divorce. For many this could mean protecting a business or inheritance. For others, it could provide peace...

1/27/16

Woman claims husband secretly obtained divorce

There are many couples in Pennsylvania and across the country who come to the conclusion that they are no longer compatible. For a variety of reasons, the decision to end the marriage is often in the best interest of everyone involved, including children of the relationship. However, one woman claims she discovered that her husband of 20 years secretly filed for The woman claims that she became suspicious after she discovered a tax bill...

1/25/16

Should a parent getting a divorce consider setting up a trust?

For couples facing a divorce, it’s clear that estate-planning documents with bequests to a soon-to-be former spouse will need to be updated. However, the interplay between family and estate law is much deeper. For couples with children, the existing estate documents may have left all property, including life insurance designations, to the other parent. The assumption may have been that the other parent would provide for the children. After a divorce, however, a parent may...

1/8/16

Divorce will impact the wallet and financial outlook

Divorce is more than a matter of the heart. It is a matter of the wallet. Regardless of income or social standing, a Understanding and knowing the specific cash flow that will be available is vital. The best thing to do is to figure out the amount of alimony that will be coming in and any earned income. Then, the taxes must be calculated and factored into that bottom line. Also, extra expenses such...

1/1/16

There are alternatives to traditional divorce in Pennsylvania

A divorce may be the most difficult time in the lives of the people who go through it. Even when a divorce is wanted by both parties, the process can be time consuming and emotionally draining. While some divorces simply need to be handled through litigation, there are alternatives that many other people in Pennsylvania may find as a viable alternative to a traditional divorce. One option is mediation. This process is about reaching an agreement...

12/30/15

Possible challenges to a gray divorce in Pennsylvania

There is a rising trend in divorce in Pennsylvania and across the country, and that trend comes with unique challenges for one party compared to another. The trend is called gray divorce. This is when a couple splits after 30 or more years of marriage. While any divorce can involve complicated financial issues, a gray divorce is putting women who spent decades as a stay-at-home mom and wife at a severe disadvantage. For a woman...

12/25/15

Dispelling the divorce myth that one party will lose all

Many people debate whether or not to file for divorce for quite some time before taking action. One reason people may hesitate to file for divorce or feel a great deal of anxiety over a divorce is often related to scare tactics that one person may use against the other. These scare tactics involve myths regarding what one may be entitled to after the divorce. One person may say that he or she will walk away with...

12/17/15

Takes smart steps to protect finances during a divorce

The Credit cards need immediate attention. Debts that one party accrues can easily be the responsibility of both parties if the divorce is still unfolding. All cards should be closed. Once this is done, both parties should open up new accounts on their own so as to start the process of building good credit for future financial matters. Another financial move aside from splitting what is in accounts relates to beneficiaries. Life insurance and...

12/15/15

Help to avoid common mistakes with kids during a divorce

The One common mistake that legal guidance can help parents avoid is having an unpredictable custody arrangement. While life circumstances may warrant changes to plans and schedules, not having a somewhat predictable plan can make divorce harder on the children and parents. One tip to make it easier for kids in particular is to have a calendar in a child’s room with an outline of when the child will be with each parent. Another...

12/2/15

Divorce advice for Pennsylvania clients

Anyone going through the Finances matter and property division can impact those finances. Assets can include many items people often forget to consider, such as frequent flyer miles or other intangible assets. These can be divided, as can debts. Since property division can impact future finances, it may be tempting for some to hide assets. This is illegal and can backfire once the process unfolds and the concealment of assets is discovered. It is...