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June 2017 Archives

Address creative works in a prenuptial agreement

Creating an effective prenuptial agreement is not a simple matter, and requires both parties to work together to create a truly comprehensive strategy for protecting each other and the relationship. Ultimately, should your marriage end in divorce, there is no substitute for a well-crafted prenuptial agreement. However, if you fail to plan properly, you may still face difficulty in property division. One of the most common areas that couples fail to address in a prenuptial agreement when they are building it is the matter of intellectual property.

Should I take lump sum alimony?

If you expect to receive spousal support after your divorce, you may want to consider pushing for a lump-sum payment rather than receiving ongoing payments from your former spouse. Lump sum alimony can be advantageous for both spouses in many ways, leading to a cleaner separation after the divorce finalizes and giving you greater opportunities for starting fresh on your own.

Beware of family helping a spouse hide assets

When it comes time to divorce, beware of ways that your spouse may attempt to hide assets that may apply to a divorce settlement. Although the courts never look very kindly on hiding assets in a divorce case, the practice is still surprisingly common. In many cases, a spouse may attempt to claim that certain assets belong to another family member with whom it is relatively simple to transfer property.

Avoiding potentially detrimental decisions in high-asset divorces

There are countless reasons that can lead a couple to consider parting ways. Perhaps you and your spouse have reached an impasse, and the decision to divorce has moved from a discussion to a reality. Along with the emotional stress that can accompany such a difficult decision, the financial side of divorce can be intimidating and complex, especially for the wealthy.

How can a postnuptial agreement help my marriage?

Many marriages fall prey to the pressures of money conflicts, but it doesn't have to be that way. Couples across the country are discovering, or rediscovering, the value of postnuptial agreements. Postnuptial agreements, when executed properly can relieve much of the tension surrounding financial matters between spouses, saving marriages that might otherwise be doomed.

Are there different types of alimony?

If you and your spouse divorce, there are several types of alimony or spousal support that a judge may order, depending on the circumstances. While most people may assume that alimony is a single monolithic thing, there are actually five separate types of alimony that courts use in various situations.