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Five Benefits of Filing For Divorce Sooner Rather Than Later If you don’t know the comedian Louis C.K. get to know him. He is one of the funniest in the business. As a divorced father of two girls aged 7 and 4 his take on this tragic but common scenario is both funny and [...] Dividing property between spouses in divorce (and under certain circumstances after marriage) results in no tax liability for either spouse. See Section 1041 of the tax code This means you can divide up property between spouses without concern that the division will be a taxable event. (If one spouse is not a citizen different rules can apply) However, [...] The nature of property, that is whether it is community property, separate property or a mix of the two (which is known as commingled property) can be one of the most complicated matters in a divorce. I receive the question below a lot. Q: I owned a house before my marriage (or domestic partnership) and then sold it and used the [...] Financial Dos and Don’ts During a Divorce Massachuessets Attorney Gabriel Cheong wrote a good post about what you should and shouldn’t do with your finances during a divorce. You can read his article here. Life Insurance DO change beneficiaries of your life insurance policy immediately after a divorce (if not DURING the divorce). You simply do [...] TMZ has reported Kobe and Vanessa Bryant are getting a divorce and the couple lacks a prenuptial agreement According to a post on TMZ Vanessa decided to end the marriage because she believes Kobe has been unfaithful again. The Associated Press reported, the Bryants released a joint statement saying they “have resolved all issues incident [...] Prenuptial Agreements Are Critical For Well To Do And Business Owners
After little more than two months of marriage, Kim Kardashian is filing for divorce from Kris Humphries. Ryan Seacrest confirmed the news Monday morning on Twitter. Kim reportedly earned over $17 Million Dollars for the publicity rights surrounding her wedding. Wisely (for Kim), [...] Date of Separation Is Important For Determining What Is Community Property Here is a question that I often receive: Q: “I took out some money from our joint account a week (or a month or whatever)before I filed for divorce. I believe that money should not be considered in the property division because we [...] Business Owners Face Special Challenges On Business Ownership in Divorce Two years and three days after Frank and Jamie McCourt issued a statement to announce their separation, the McCourts issued a statement to announce a divorce settlement. Jamie McCourt who fought her ex-husband for half ownership of the team, agreed Monday to surrender the bankrupt [...] |
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