When owners of family or closely held businesses divorce, they may wonder whether or not they are going to have to divide their business as part of asset division, and if so, what exactly that might mean for their financial future. A “closely held” business is either family-owned or has shares owned by a small group of investors. If you are one of these family business or small business owners, what divorce options do you have? Read more
On our Facebook page, we asked people to share questions they have about divorce and other family law-related matters. We received questions about everything from how to file for divorce in New Jersey to how to change the terms of a divorce settlement. Some of the highlights from our Q&A can be found below. Do you have a question concerning divorce, child custody, child support, alimony, asset division, or other related matters? Please note that we are now taking questions on our website! Submit your question via our web form and an answer from us will shortly be heading your way. It is free and easy to use and completely confidential. Read more
2018 update! On Friday, December 21, 2018, the U.S. federal government partially shutdown due to conflicting views on government funding. With no end in sight, and the holidays upon us, what could a prolonged government shutdown mean for your divorce? For a preview, let’s take a look at what happened during the last major shutdown in 2013…
Since the federal government shut down at midnight Tuesday, over 800,000 federal employees across dozens of agencies have been furloughed and many service-providing governmental departments and agencies across the country are now closed or running on limited staff. How can the government shutdown affect divorce proceedings and other related issues, including child support and alimony payments? Here are four key concerns: Read more
Not too long ago, we blogged about a very practical topic: “Getting Top Dollar for Household Items Sold During Divorce.” We covered things like how to post used books for sale on Amazon and how to work with an estate auctioneer to sell off furniture, artwork, antiques, collectables, and other items whose proceeds are typically split by a divorcing couple. One item we didn’t think to address? How to get top dollar for your…baseball team. Yet, this is exactly what Frank McCourt, former owner of the Los Angeles Dodgers, and his ex-wife Jamie McCourt are now wrangling over — two years after their divorce. Read more
Reading through a list of some of Hollywood’s nastiest divorce battles, we couldn’t help but notice that each case described offered a very valuable lesson in how to (and how not to) get what you want from your divorce. Call it a Hollywood teachable moment! In part 1 of our blog series on celebrity divorce, here are three particularly ugly divorces…and a takeaway message we can learn a thing or two from: Read more
When Jennifer Lopez went on the Today Show last month, she brought up an interesting subject: What happens when the guy you’re divorcing is the same guy you’re in business with? In J-Lo’s case, Lopez is co-producing a new TV series, “Q’Viva — The Chosen,” with her ex-husband, Marc Anthony. The project has been in the works since long before the couple decided to split and — surprisingly — the business venture will survive their split. As Jennifer explained to Today Show host Matt Lauer, the passion and commitment both she and Marc feel towards the show outweighs their personal differences, so they have agreed to keep working together, despite any leftover emotional baggage. Read more
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