With Strength And Compassion
Powers Kerr & Rashidi, PLLC
There have been numerous studies done regarding the effects that divorce has on children. Several studies have concluded the negative impact parents breaking up have on children. However, a new study has found that it is actually children of high asset divorces who suffer the most from their parents’ breakup. A team of researchers from Georgetown University and the University…
Every day in this country, three women die because of domestic violence. Every year, more than 10 million women and men are victims of domestic violence—that is 20 victims per minute. One in three women and one in four men have been victims of domestic violence. October is domestic violence awareness month. One of the things we need to be…
It is a frustrating reality of divorce, but many ex-spouses do not honor the terms of their high-asset divorce settlement, especially when it comes to child support and/or spousal support. After what can be months, or even years, of drawn-out, complex litigation, the support checks the obligor spouse is supposed to pay stop coming, sometimes before the ink is even…
One of the most important steps you can take before filing for a complex divorce is to protect your assets. This is especially critical if you expect the divorce to be contentious, and involve complex property litigation and other high asset issues. To begin, make copies of all important financial documentation and paperwork from the past five years. Keep the documents in…
For many people, going through a high-asset divorce can be a very emotional and frustrating time. They often cannot imagine dealing with anything that could be similar, or even worse, than the divorce process. However, there is an all too common occurrence many high-asset divorce litigants find themselves in—an audit by the Internal Revenue Service (IRS). The IRS maintains one…
If you are involved in a high asset divorce that involves complex property litigation, it is essential to have an accurate value of the property since it is all part of the marital estate. The estate will be divided between you and your soon-to-be ex-spouse. Therefore, you will want to ensure that all property, to which you are legally and financially…
In many high asset divorces, one spouse will attempt to hide assets from the other spouse with the intention of denying that spouse his or her rightful share of the marital estate. However, an aggressive complex divorce attorney representing you decreases the odds of your spouse getting away with not disclosing his or her true financial worth. There are steps that…
It is a common scenario for couples who are facing a divorce: after years of being married and working together to pool resources and plan for retirement, a divorce leaves you suddenly looking at those golden years with half of those resources—possibly more—gone. Protecting your assets in a complex divorce case can be crucial for you financial future. In a survey that…
According to a study conducted by the Institute for Social and Economic Research (ISER), husbands, especially fathers, benefit much more financially from divorces than wives. The study, Marital Splits and Income Changes over the Longer Term, revealed that when high-asset couples divorce, a husband’s income increases by one-third of what it had been while married. However, a wife in a high-asset divorce can…
Often in complex divorces, one spouse attempts to hide income and assets from the other spouse in order to avoid a fair and equitable marital estate settlement. There are several ways this can be done, including transferring assets to separate accounts or put them in a friend’s name, delaying payments of commissions or bonuses, not billing clients or creating phony expenses (in…