What Happens in a Divorce With a Prenup vs. Without a Prenup?Cory Wall
Know more about what happens in a divorce with a prenup vs. without a prenup
https://walllegalsolutions.com/what-happens-in-a-divorce-with-a-prenup-vs-without-a-prenup/
Bringing a favorable solution family lawyers’tansygeoffery
"Family lawyers in Largo, Maryland provides solutions to daunting and sensitive issues that arise between family members.
• They handle issues that involve family members, including split ups, domestic financial disputes, negotiations and lawsuits
"
During a divorce, partners are expected to settle their finances by dividing their property and make adequate financial arrangement for their children, if they are still at home. This can be achieved in an amicable and understanding way, or can be resolved in the court with the help of a divorce solicitor.
Contesting a will can be expensive. If you have ever received any kind of maintenance from the deceased or in fact, immediately before the death, you should remember some most important things for contesting a will that exploring here.
The effects of gray divorce on the financial health of couplesscampbell4567
BGSU professor, Susan Brown, says a gray divorce can affect the finances of former couples. The wealth of people getting divorced after age 50 tends to drop by about 50 percent. Experts do not find this surprising since divorce involves dividing a family’s resources.
Generally speaking, there are two types of bankruptcy. In a liquidation bankruptcy, debtors must surrender their property, which is sold, and the proceeds distributed to creditors. In return, all debts are permanently discharged. In a reorganization bankruptcy, debtors are allowed to keep their property. But the debtors must agree to an installment plan to repay creditors a portion of the amount they owe.
One of the great misunderstandings is how assets in trusts are dealt with in the Family Court. Are they excluded or are they in?
Asset pools in these cases can be significant, so before you suggest a particular asset-holding structure for a client, it’s important to know what the answer is.
In this webinar for Accountants we look at some case examples and cover the important questions, such as:
- How is property settlement determined?
- What is “property” and what is a “financial resource”?
- What power does the Family Court have to deal with Trusts?
- What, if anything, can be done to remove a Trust from the Court’s reach?
Note: prices shown in the video might not be reflective of our current prices. Please, refer to the website https://www.michaellynchfamilylawyers.com.au for updated information. Thank you.
The correct legal status of a relationship is important, it has serious consequences. For a de facto it can determine if someone has a financial entitlement or if they don’t.
On the 10th anniversary of the introduction of the law for de facto property settlements, we ask the question “What is a de facto relationship?”.
The reality is that it is not straight forward and most people don’t know if they are in a de facto relationship. It is important for an Accountant to be informed in this area, so your clients are “alert but not alarmed”.
Some common issues that arise after a divorceDavid Salvaggio
Even if the parties attempt to resolve all then known issues as part of their New Jersey divorce, there are many things that can happen later and require further attention.
Three of the most frequent occurrences are: one party's violation of the Settlement Agreement, a substantial change in circumstances which requires a change to the Settlement Agreement, and new issues which were not addressed in the Settlement Agreement.
What Happens in a Divorce With a Prenup vs. Without a Prenup?Cory Wall
Know more about what happens in a divorce with a prenup vs. without a prenup
https://walllegalsolutions.com/what-happens-in-a-divorce-with-a-prenup-vs-without-a-prenup/
Bringing a favorable solution family lawyers’tansygeoffery
"Family lawyers in Largo, Maryland provides solutions to daunting and sensitive issues that arise between family members.
• They handle issues that involve family members, including split ups, domestic financial disputes, negotiations and lawsuits
"
During a divorce, partners are expected to settle their finances by dividing their property and make adequate financial arrangement for their children, if they are still at home. This can be achieved in an amicable and understanding way, or can be resolved in the court with the help of a divorce solicitor.
Contesting a will can be expensive. If you have ever received any kind of maintenance from the deceased or in fact, immediately before the death, you should remember some most important things for contesting a will that exploring here.
The effects of gray divorce on the financial health of couplesscampbell4567
BGSU professor, Susan Brown, says a gray divorce can affect the finances of former couples. The wealth of people getting divorced after age 50 tends to drop by about 50 percent. Experts do not find this surprising since divorce involves dividing a family’s resources.
Generally speaking, there are two types of bankruptcy. In a liquidation bankruptcy, debtors must surrender their property, which is sold, and the proceeds distributed to creditors. In return, all debts are permanently discharged. In a reorganization bankruptcy, debtors are allowed to keep their property. But the debtors must agree to an installment plan to repay creditors a portion of the amount they owe.
One of the great misunderstandings is how assets in trusts are dealt with in the Family Court. Are they excluded or are they in?
Asset pools in these cases can be significant, so before you suggest a particular asset-holding structure for a client, it’s important to know what the answer is.
In this webinar for Accountants we look at some case examples and cover the important questions, such as:
- How is property settlement determined?
- What is “property” and what is a “financial resource”?
- What power does the Family Court have to deal with Trusts?
- What, if anything, can be done to remove a Trust from the Court’s reach?
Note: prices shown in the video might not be reflective of our current prices. Please, refer to the website https://www.michaellynchfamilylawyers.com.au for updated information. Thank you.
The correct legal status of a relationship is important, it has serious consequences. For a de facto it can determine if someone has a financial entitlement or if they don’t.
On the 10th anniversary of the introduction of the law for de facto property settlements, we ask the question “What is a de facto relationship?”.
The reality is that it is not straight forward and most people don’t know if they are in a de facto relationship. It is important for an Accountant to be informed in this area, so your clients are “alert but not alarmed”.
Some common issues that arise after a divorceDavid Salvaggio
Even if the parties attempt to resolve all then known issues as part of their New Jersey divorce, there are many things that can happen later and require further attention.
Three of the most frequent occurrences are: one party's violation of the Settlement Agreement, a substantial change in circumstances which requires a change to the Settlement Agreement, and new issues which were not addressed in the Settlement Agreement.
Carnahan Advisors presents Divorce 101, which identifies the types and costs of divorce, marital vs. non-marital assets, alimony structures, child support guidelines, and all of the crucial tangible and intangible aspects you need to be aware of before finalizing your divorce.
Carnahan Advisors presents, Divorce 101, which identifies the types and costs of divorce, marital vs. non-marital assets, alimony structures, child support guidelines, and all of the crucial tangible and intangible aspects you need to be aware of before finalizing your divorce.
A beginners guide to divorce settlementsBolt Burdon
In this ‘beginner guide’ to divorce settlements we take a look at how the Court approaches the division of matrimonial assets on divorce and what can be done to try and influence that decision making process.
Retirees: Important Questions About Finances309finance
Baby Boomers are retiring and approaching retirement age at a very fast rate and with a very high volume. Many of the baby boomers as well as anyone reaching retirement might have questions about financial security or personal finances. This slide presentation is just a quick guide to popular retirees questions that you might encounter as well as questions regarding retirement and finances.
Note: we are not making any recommendations or advice via the slides. Our goal is to provide information to help you research and understand the challenges being faced by retirees.
Presented by: www.309finances.com
Credit & Debt Issues for Military Familiesmilfamln
For the webinar, Credit & Debt Issues for Military Families, hosted by the Personal Finance Concentration Area of the Military Families Learning Network on September 20, 2016
2. What does Spousal Support involve? - Either party can request spousal support - Spousal support depends on financial circumstances of each party - Length of marriage plays a huge role in spousal support What is Alimony? - Alimony is periodic payments of future income of one spouse to another - Alimony is only awarded in limiting circumstances - Typically alimony is not granted for a period longer than 3 years
3. When filing for divorce, Child Custody is based on several factors including: - The financial and physical state of parent or guardian - The on bond between parent/child - The parent who has been primary caregiver of the child - The work schedule of parent - The future potential income of parent Visitation rights are based on needs of the child, parent schedule, and living conditions of the parents. Child Support is based on several aspects such as: - The number of children and the percentage of net resources - The age of the child - Child care expenses for the child - The debts assumed by either party - Wage deductions
4. Property Division in divorces is based on: - The nature of the property - Earning capacity of each spouse - Educational background of each parent - Which parent has primary child-rearing responsibility - Age and health of each spouse Pro Se Divorces – Occur when individuals represent themselves in court Alternate Dispute Resolutions – Bring parties together in a non-threatening environment to negotiate a resolution to their issues - Mediation – Meetings between both parties overseen by a neutral third party - Arbitration – Arbitrator is assigned to the case by the state to handle mediation - Collaborative Divorce – Both parties agree to resolve issues through collaboration, not in court
5. Types of divorces available in Texas: - Uncontested Divorce – Parties agree on all issues - Case can be finalized at the end of the 60-day waiting period -Contested Divorce – Parties do not agree on all issues - Case is decided by a judge or jury - Missing Spouse Divorce – Party does not know the whereabouts of spouse - There is a 60-day waiting period for missing spouse divorces - Fault or No-Fault Divorces – Divorce based on personality conflicts and discord
6. There are numerous consequences to not paying child support. Examples include: - Wage Assignment – Employers deduct wages from obligor’s paycheck - Enforcement Actions – Losing child privileges based on inability to pay child support - Attachment or Levy – Paying child support from obligor’s seized assets - Child Support Liens – Accruing interest on obligor’s personal assets - License Suspensions – Revoking state licenses - Federal Income Tax Intercepts – Collecting child support from income tax returns - Insurance Claims Intercepts – Intercept insurance claims to pay child support - Civil Contempt of Court – Obligor receives citation for not paying child support
7. How is debt divided when couple’s divorce? - Debt can be paid off before filing for divorce - Parties can be mutually responsible for paying off debt - One party can pay more debt and receive more assets as compensation for debts Note: Certain Property is Exempt from Claims of Creditors including: - Property designated as a couple’s homestead - Retirement Plans - Cash or surrender value of insurance policies
8. Possible Debt Solutions include: - Debt consolidation - Combining debts so you only have one bill to pay each month. - Debt settlement - Reducing debt amount with the agreement of both the debtor and the creditor. - Forbearance - Repayment program set up by the lender to stop the foreclosure on a debtor’s home. - Bankruptcy – Allows debtors to discharge most of their unsecured debt, but depends on the type of bankruptcy filed, as well as the financial state of the debtor. The disadvantages of debt settlement include: - Damages your credit - Potential for a lawsuit - Not all debts are eligible - Tax Issues
9. Other viable alternatives to debt settlement are: - Voluntary Repossession - Selling Property - Deed-In-Lieu of Foreclosure For homeowners, Mortgage Debt Settlement Options include: - Forbearance - Mortgage Modification - Short Pay or Short Finance - Modifying Your Current Mortgage - Deed in Lieu of Foreclosure - Short Sale - Friendly Foreclosure - Repurchased after Foreclosure
10. Bankruptcy is a Debt Relief Option - Bankruptcy involves liquidating the debtor’s assets and relieving them of further liability - Bankruptcy helps create a fresh start for the debtor - Bankruptcy can help rebuild your credit - Honest, hardworking people file for bankruptcy; doing is NOT a reflection of character
11. How do you know when to file for Bankruptcy? - File for Bankruptcy before you file for Divorce - You can file for joint bankruptcy - Debts couples fight over can be wiped out by bankruptcy - File for Bankruptcy before getting behind on your bills - File before you default on your mortgage loan payments - You could be charged late fees and incur more debt not paying bills on time
12. Like your Physical Healthy, your Financial Health is Important. To evaluate your financial health: - Outline your financial situation - Be real with yourself and your ability to pay your debt - Look for ways to reduce spending - Contact an expert to help with your debt
13. Benefits and Disadvantages of Filing for Bankruptcy - Benefits Include: - Clear outstanding debt - No longer harassed by creditors - Start over building your credit - Have a fresh financial start - Disadvantages Include: - Stigma attached with filing bankruptcy - You may lose your assets - Coping with lifestyle changes - Can be harder to get credit again
14. How can Allmand & Lee Help Me? - Allmand & Lee’s # 1 goal is to make sure clients benefit from their services - Allmand & Lee have over 20+ years in consumer bankruptcy cases - Allmand & Lee have helped many individuals and families find solid ground again - Allmand & Lee help good people through bad times to gain financial stability Contact Allmand & Lee today at 214-884-4176
