Look for hiding places for marital assets

Trust and transparency may be the first casualty when many couples undergo a divorce. Before taking this step and negotiating marital property division, you should be aware of the ways that spouses hide marital assets. Bank and credit card accounts If your spouse had...

Millennials love the prenup – here’s why

Each generation perceives marriage differently and millennials are no different. Most significantly, they’ve embraced a previously taboo marital agreement known as the “prenup” or prenuptial agreement. The prenup sets forth the terms of a divorce before the marriage...

Taxes and spousal support

Like most any other decisions impacting your family or business, divorce has tax consequences. The federal government made changes to the tax law that will impact spousal support for couples who got divorced in 2019 or later. Tax Cuts and Jobs Act This law changed the...

Divorce after 50 may be more costly

The divorce rate for 55- to 64-year-old spouses doubled from 1990 to 2017. Late-life divorce, however, may be more complicated when spouses accumulated more assets and commingled their finances. Couples with more assets face many decisions on dividing their high-value...