Tag Archive for: division of assets

5 Reasons Why You Need a Prenuptial Agreement

At its most basic, a prenuptial agreement is an agreement between two spouses-to-be that deals with the financial consequences should their impending marriage end in divorce. Read more

Spousal Support Claims, No Prenup: Inside Demi And Ashton’s Divorce

In celebrity divorce news, there’s no bigger story right now than than the marital split of Demi Moore and Ashton Kutcher. While the couple officially separated in late 2011, Kutcher waited for over a year to file official divorce papers. And now, in what can only be described as a bombshell development in the case, Moore has just filed court response documents in which she seeks spousal support. Multiple news sources are also reporting that the couple had no prenuptial agreement, leaving open the door for Moore to claim part of the estimated $100 million dollar fortune Kutcher accumulated over the course of their marriage. Read more

Study: Divorce Rates Now Doubled For Older Couples

A few months back, our own Bari Weinberger appeared on CBS-2 to discuss the growing trend of “gray divorce” among the Baby Boom generation. Now, thanks to a new study from researchers at Bowling Green State University in Ohio, we now have hard statistics to back up just how many adults over 50 divorced in recent years. In short, it’s probably a lot more than anyone could have guessed. Read more

How Will New Tax Rules Affect Your Divorce?

To prevent the U.S. economy from toppling over a “fiscal cliff” that would likely result in surging tax rates and significantly curtailed government spending, Congress approved the American Taxpayer Relief Act on January 1, 2013, following intense debate. President Obama signed ATRA into law on January 2, 2013.

What does ATRA mean for your taxes — especially since you are going through divorce? Read more

What Happens to Your Inheritance in a Divorce?


Anthony’s mother passed away in 2005, and his father in 2007. As an only child, Anthony’s parents willed their estate to him upon their deaths. Though he had known this day would eventually come, when Anthony received his parents’ house (and its contents) and their remaining cash savings, he wasn’t quite sure what to do with them. Read more

Finding Your Spouse’s Hidden Income

While the law requires both parties in a divorce to disclose all assets and sources of income (declared in the New Jersey Case Information Statement), unfortunately, not all spouses are completely forthcoming regarding financial matters. Suspicious that your spouse is hiding assets or extra income? Conducting a lifestyle analysis or requesting a formal accounting of financial records may be necessary in some cases to get a clear picture of personal and joint finances. But for many couples, a spouse’s hidden assets may actually be hiding in plain sight. Read more

Three Ways Cheating Can Affect Your Divorce Settlement

Cheating or an affair may have ended your marriage — but will infidelity impact the terms of your divorce settlement? Read more

8 Financial Clues Your Spouse Wants a Divorce

Your instincts may be tell you that something strange is brewing in your marriage, or perhaps the tensions between the two of you are becoming palpable. But how do you really know if your spouse is considering splitting up and filing for divorce? The answer may be as simple as following the money trail. Read more

Foul Ball! A Case Study on Understated Assets During Divorce: McCourt vs. McCourt

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

Post-nuptial Agreements More Commonplace Says Matrimonial Lawyers’ Group

Didn’t get a prenup? There may still be time to get a post-nuptial agreement, a post-wedding day option to protect personal assets that’s growing in popularity nationwide, especially among women. According to a recent poll of American Academy of Matrimonial Lawyer (AAML) members, more than half of divorce attorneys (51 percent) cite an increase in post-nuptial agreements over the past three years; 36 percent of these same lawyers report an increase in wives initiating the requests. Read more