5 Ways to Avoid Paying Alimony
Yes, it is possible to avoid paying alimony but with some of the methods, you had better be careful.
Yes, it is possible to avoid paying alimony but with some of the methods, you had better be careful.
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 …
Read moreComplex, High Asset Divorce Cases and the Challenge of Valuation
GETTING DIVORCED DURING THE TAX SEASON? CHECK OUT 26 U.S. Code § 1041 – Transfers of property between spouses or incident to divorce. So, it’s tax season and there is no more complicated time to divorce than at this time. Getting divorced during tax season has got to be the worse timing possible as a …
Once you have itemized every single thing you own with your spouse in the asset column, then indicate the spouse who owns it or if all is owned jointly you just tick down the JOINT column. Then indicate the VALUE of the asset in the last column.
GOT A BIG ALIMONY CHECK FROM YOUR EX? THESE STOCKS MAY BE GOOD TO OWN So here you are recently divorced and with a big fat alimony check itching in your hands. What should you do with it rather than squander it like some people have been known to do? No, I am not thinking …
Read moreGot Big Alimony Check and Want to Invest in the Stock Market? Here are 6 top Stock Picks
Is it possible to get more than half your spouse’s retirement benefits when you divorce? When it comes to divorce retirement benefits, it would seem logical that the person who actually worked and accrued these benefits should get the biggest chunk of it if the parties divorce, right? But this is not always the case. …
Read moreWANT MORE THAN HALF YOUR SPOUSE'S RETIREMENT BENEFITS AFTER DIVORCE? POSSIBLE.
# ENTITLED TO MONEY THAT YOU ARE NOT GETTING FROM YOUR SPOUSE? It happens pretty often that a divorcing spouse is entitled to money that they never receive. This includes income from retirement accounts or securities or even what is called “deferred compensation” that they never receive a penny. This happens if they had an …
Read moreDivorced? Are You Entitled to Money That You Are Not Getting?
DIVORCE AND LIFE INSURANCE ISSUES (# divorce life insurance issues) When you get divorced says Mark Eghrarl who writes for Forbes Magazine, you have to change everything. This includes the beneficiary of your life insurance policy. It makes sense. If you are divorced from this person why would you want them to continue to …
THE DIVORCE MORTGAGE There is a new mortgage product that is expected to be unveiled by certain European banks in a few months. It is called the Divorce Mortgage. The idea seems to be that banks will lend money to one of the parties in a divorce to buy out their spouse. This way the …
Divorce and Assets…50/50 is Often Anything But. As the song goes “Breaking up is hard to do”. This can be especially true when accumulated assets are involved. Unfortunately, most enduring a divorce are typically immersed in a sea of emotions, prompting them to rely on legal counsel to advocate on their behalf in this area. …
Read moreYour Assets & Your Divorce: What you should know (guest article)