With Strength And Compassion
Powers Kerr & Rashidi, PLLC
Most married couples share financial advisors. However, once a couple decides to get divorced, it is usually a good idea for each party to hire a new financial advisor, accountant, and tax advisor, who can ensure that his or her interests are protected. This is especially important in cases where one spouse had the majority of contact with the family’s…
It is not uncommon during a divorce for the parties involved to get so caught up in the emotional aspects of dissolving their marriage that they fail to focus on coming up with a property settlement that serves the best interests of both spouses. This can end up costing both parties a significant amount of time and funds, while also…
While most people assume that one of the most difficult aspects of divorce is coming up with a child custody arrangement that meets the needs of all parties or learning to co-parent with one’s former spouse, the reality is that dividing marital property is actually one of the most time-consuming aspects of any divorce. This is especially true for high…
Dissolving a marriage can be a contentious process, especially for couples with acrimonious relationships. Fortunately, there are ways to avoid the long drawn-out process that litigating a divorce can turn out to be. For instance, more and more couples have begun turning to collaborative divorce as a viable option when dissolving a marriage. To find out more about collaborative divorce…
Ending a marriage requires couples to grapple with a host of difficult issues. For instance, divorcing couples must make the transition from married life to single life and come to terms with the emotional implications of ending a marriage. However, these are not the only considerations that come into play during divorce. This is especially true for couples who have…
One of the most common points of contention in any divorce is how a couple’s assets will be divided upon dissolution of their marriage. Although most couples understand that this will involve dividing relatively common assets, such as bank accounts, the family home, and vehicles, it’s important to remember that more unusual property, like retirement accounts, will also need to…
When considering divorce, many couples go into the property settlement process with the expectation that they will be required to parcel out certain personal possessions, decide who will retain the family home, and divide up the contents of any bank accounts. However, this task becomes much more difficult for couples with unique or costly assets, such as fine artwork, which…
Many couples, especially those who have been married for a number of years, acquire unique valuables in addition to their income, including jewelry, artwork, and antiques. In the event that a couple decides to divorce, these objects could end up accounting for a large portion of their marital assets and so will need to be divided equitably in a property…
Dissolving a marriage is complicated and often has the potential of becoming an emotional and difficult process. Those risks tend to be especially high for those who are involved in a high asset divorce and own unique assets, such as a business, as they could be required to sell the company, or buy out their soon to be ex-spouse’s interest,…
During a divorce, spouses are required to disclose detailed information about their income, assets, and debts. This ensures that both parties are able to make informed decisions during the property division process and that any settlement or court order incorporates accurate information about all known financial factors. While many divorcing spouses are careful to provide accurate and detailed financial records…