With Strength And Compassion
Powers Kerr & Rashidi, PLLC
According to National Endowment for Financial Education, one-third of people admit to financial infidelity in their marriage. Income, bank accounts, purchases, cash, and other financial information are just some of the items that may be hidden from a spouse. Not only can this have consequences on a marriage, it can also have a direct bearing on any complex divorce settlements should…
Statistics show that half of all marriages end in divorce. And according to the Humane Society, 62 percent of households in this country have pets. For many divorcing couples, those pets become part of complex divorce settlement negotiations, and can often turn as contentions as child custody disputes. A survey conducted by the American Academy of Matrimonial Lawyers (AAML) revealed an increase…
A survey conducted by researchers from Tilburg University found that the more power someone has, the more likely he or she is to commit infidelity. Usually, the more power and success a person has, the larger the marital estate is, with many sources of high asset revenue. This is particularly important in a complex divorce where division of those assets…
Unlike simple divorces, where negotiations regarding divorce settlement can wrap up fairly quickly, high-asset divorces or other complex divorce issues can require a great deal of investigation and research in order to get the best settlement possible. As spy technology has become increasingly sophisticated and easier to use, more people are utilizing that technology to help build their divorce case. Individuals who…
An increasing number of couples are trying to negotiate complex divorce settlements and are turning to divorce financial planners. Many attorneys representing wealthy clients in these high asset divorce negotiations are recommending the clients consult with financial planners before finalizing their divorce settlements. Quite a few financial planners are adding divorce planning to their list of specialties. According to a survey…
Arguments in marriage are inevitable. In fact, arguing can often be quite healthy, as a way to air differences that may be building up. Arguing is also a way to for couples to reinforce their intimacy, knowing both are able to disagree and compromise, yet still love one another. However, arguments that seem to continue and never get resolved are…
Under Section 215(a) of the Internal Revenue Service Code (IRC), the definition of spousal support for tax purposes is any cash payment which falls under the following: Spouses do not file joint income tax returns with each other; The divorce or written separation agreement does not state that the payment is not alimony; If legally separated or divorced, the spouses do not…
Dividing up marital property and assets during a divorce can become difficult if one of the spouse’s owns a business. That business may be one of the most important assets in the marital estate, especially if it is a successful one. Ideally, if the business was started before the marriage, the couple should draw up a prenuptial agreement that includes specific…
Various research suggests that when the economy is bad, the divorce rate falls. However, analysts have used data from one dating website to study whether or not there is a parallel between the economy and adultery. The website is called Ashley Madison, and unlike other dating websites that promise users the opportunity of finding a spouse, Ashley Madison markets their site for people seeking…
A Texas judge recently ruled that the state’s same-sex marriage ban is unconstitutional. In February, a federal judge made the same ruling in a different case, striking down the state’s marriage ban law. The state case involves a couple who were married in Washington D.C. in 2010. One of the women became pregnant via artificial insemination. The baby was born…