With Strength And Compassion
Powers Kerr & Rashidi, PLLC
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…
Alimony payments are part of the final settlement in many complex divorces. A recent study by the IRS has uncovered major discrepancies between alimony deductions and alimony payments on 2010 federal tax returns. According to IRS rules, alimony that is paid to someone under a high asset legal separation or divorce agreement can be used as a deduction from a person’s income…
When a couple is involved in a complex divorce, there are usually a number of financial assets that need to be divided up between the two. However, financial advisors recommend that people who are involved in high asset divorces really examine the actual worth of the asset they are fighting for or willing to concede to the other party during negotiations.…
If you are involved in a complex divorce, you may find it necessary to hire a private investigator. There are several reasons why this could be beneficial to your case. One reason may be because you suspect your spouse is cheating on you. A private investigator can help uncover infidelity which can then be used during divorce negotiations for issues such as…