The Wife Bonus: Do you Have One Inked in Your Prenup? You Should.

The Wife Bonus: Do you Have One Inked in Your Prenup? You Should.

This article in the NYPOST about wife bonus intrigued for many different reasons. Who even knew that this was a thing in the upper echelons of New York’s Upper East Side enclaves? But apparently it is. And with the bonus what do they do? They purchase little luxuries such as bags, shoes and fine jewelry […]

How to Use Bitcoins to Hide Money from Your Spouse

How to Use Bitcoins to Hide Money from Your Spouse

HOW TO USE BITCOINS TO HIDE MONEY FROM YOUR SPOUSE (but note that this could be fraud) More and more people are investigating how to use bitcoins to hide money. Mostly, these people are trying to hide the money from their spouse. And mostly, there is a divorce on the horizon. A recent divorce dispute […]

Forced Into Bankruptcy BECAUSE OF Divorce?

Forced Into Bankruptcy BECAUSE OF Divorce?

Many people have been forced into bankruptcy because of their divorce. This is especially true when divorce becomes particularly combative and the parties to the divorce action try to score wins against each other in court. It does not usually happen when the parties amicably work out their divorce and avoid court and huge legal […]

10 Ways to Get Debt Free After Divorce

10 Ways to Get Debt Free After Divorce

How to Get Debt Free After Divorce Get Debt free After Divorce with these 10 Tips So, as you know, when you get divorced, both spouses are usually responsible for debts incurred during the marriage. Just like you are entitled to share the marital assets, you also have to accept the fact that you are […]

10 Tips to Repair and Increase Your Credit Score After Divorce

10 Tips to Repair and Increase Your Credit Score After Divorce

How to repair and increase your  Credit score After Divorce As far as how to repair and increase your credit score after divorce, I am probably the last person who should be dispensing this advice. But I can imagine the mess you can find yourself in when you divorce especially with credit cards. I don’t […]

Money: Why Do People Fight Over MONEY When They Divorce?

Money: Why Do People Fight Over MONEY When They Divorce?

Divorcing People Tend to Fight over money. Why do they do that? Why do divorcing couples love to fight over money so much? They say money talks. I say, money never talks as loudly as when two people decide to end their marriage. Boy. Talk about a guerre mondiale! I was just reading Lady Chatterley’s […]

Divorce & Student Loans: What You Need to Know

Divorce & Student Loans: What You Need to Know

Let’s say there is a law or medical degree that comes from it and you are benefiting from that degree during the marriage, then arguably you should help pay for the debt – especially if when you divorce you expect spousal support that comes from that degree (and debt!)

Complex, High Asset Divorce Cases and the Challenge of Valuation

Complex, High Asset Divorce Cases and the Challenge of Valuation

THE HIGH ASSET DIVORCE CASE: VALUATION OF COMPLEX ASSETS SUCH AS BUSINESSES AND RETIRMENT ACCOUNTS POSE A SPECIAL CHALLENGE FOR PRACTITIONERS. With the increase in the number of millionaires in the country, it is no wonder that there is a corresponding increase in high asset divorces – both in the US and abroad. The problem […]

Getting Divorced During Tax Season? Do You Know about 26 U.S. Code § 1041 – Transfers of property between spouses incident to divorce?

26 U.S. Code § 1041 – Transfers of property between spouses or incident to divorce. So, in this post I discussed property division and specifically the criteria judges used to determine what divorcing parties would get in their property settlement. I briefly touched on the issue of alimony vs property settlement and the taxable consequences. […]

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