Know this point about divorcing with a family-run business

Know this point about divorcing with a family-run business

A stay-at-home spouse often has complete dependence upon their partner for financial support. When the source of income is a family business, both spouses may play roles in the company, but only one might have a working knowledge of what’s going on with the finances. This can work well as long as the marriage is on a good foundation, but it can pose a problem if things shift and the marriage becomes rocky. In some cases, the downfall of the…

A settlement offer is made: Should you take it?

You were driving home when you saw an unusual flicker in the corner of your eye. By the time you looked over to see what it was, the headlights of the vehicle were colliding with your passenger-side door. You didn’t have time to do anything to prepare for the crash. As you started to wake up on the ride to the hospital, you realized that you were involved in a significant crash. You were in pain and couldn’t breathe well….

How to get through a divorce during financial struggles

The decision to file for a divorce is likely to be an emotional one rather than a financial one. Therefore, even if you are not sure that you can afford to go through a divorce or if you are uncertain about how it will affect you financially, you may decide to file anyway. Alternatively, you may have decided to file for a divorce before losing your job and entering a tough financial situation. If you are currently in the midst…

Can I Modify my Maintenance?

Once Maintenance (also referred to as alimony or spousal support) is made an Order of the Court, it is only reviewable or modifiable in limited circumstances.  First, make sure the maintenance was not “contractual maintenance,” which cannot be modified by the Court.  Also look to terms of maintenance to see the duration and when it terminates, which may be upon a final payment date or an event like remarriage, civil union, or cohabitation of the receiving party.  And otherwise, you…

Divorcing with a child: How early is too early?

You’ve always been close with your spouse, so when you found out that they had been sleeping with someone else, you were furious. It was like your friendship and marriage were shattered at the same time. That break in trust eventually led to where you are today, considering a divorce. You want to leave and start fresh, because you don’t think you can get over what happened and trust your spouse again. It’s not just you in this relationship, though….