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Digital Assets in Divorce: How Are They Divided?
With our lives increasingly intertwined with technology, the division of digital assets is an area that shouldn’t be overlooked in a divorce. Digital assets include any content, such as photos, videos, music and documents, stored on smartphones, tablets, computers or remote servers that make up the cloud. Part of any divorce is determining how to Read More
Prenuptial and Postnuptial Agreements are Prudent Planning, Not Reason for Suspicion
I have always thought about pre- and postnuptial agreements the same way I think about insurance: I hope I do not have to use it, but I am glad to know it is there in case I do. For newly engaged couples, there are few topics less romantic than a prenuptial agreement. It can be Read More
Best Practices for Young Professionals Combining Their Finances
For young couples planning to marry, one of the first practical considerations is how they will bring their finances together. Money is often at the root of many marital problems when we counsel people seeking a divorce. Nobody preparing to tie the knot is simultaneously planning how to divide assets when a marriage unravels. However, Read More
Opioid Epidemic Forces More Grandparents to Seek Custody of Their Grandchildren
As the opioid crisis increasingly devastates individuals, families and communities across the nation, attention is now being turned to grandparents and other relatives who are stepping in to seek custody of children in households shattered by this drug epidemic. According to the Centers for Disease and Control and Prevention, almost 400,000 people died from Read More
Tax provisions dismantling alimony deduction demand new prenuptial planning
Alimony, also known as spousal support or maintenance, has undergone a major change when it comes to the new tax law. Spouses need to be aware of the new tax provisions and how it affects the money they will pay or receive, depending on whether they are providing or receiving alimony. Previously, alimony was taxable Read More
Parents Getting Divorced: How to Handle the Conversation with Children
The divorce process can be grueling, emotional and stressful. If you’re a parent, one of the saddest parts of getting divorced is telling your children. Children may not be able to comprehend such a major life decision, especially if they are young, and they may think that they were to blame for the divorce. Children Read More