Posted on March 29, 2008 by Mark Jakubik
The Financial Times ran the below story in this weekend’s edition, looking at how shifts in the value of real estate can complicate property settlements. While the article focuses largely on how rising values - a thing of the past in most markets in the United States - can change how spouses approach their divorces [...]
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Posted on March 16, 2008 by Mark Jakubik
Honesty may be the best policy for a successful marriage. But when it comes to divorce, couples are becoming increasingly devious in concealing their wealth from each other.
One fifth of couples who divorced last year tried to conceal their assets or income from their spouse - a figure which has doubled since 2006 - a [...]
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Posted on August 3, 2007 by Mark Jakubik
In the unfortunate event that you get a divorce, worrying about your credit score may be the last thing on your mind. However, even during the most trying times of our lives, the world keeps spinning and the fact is, divorce can greatly impact your finances and credit history. If you are seeking or have [...]
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Posted on May 29, 2007 by Mark Jakubik
When business owners think about wealth management, they may think of stocks and bonds, trusts and other investment options. But one thing that is not often discussed – although it can have a significant impact on the accumulation of wealth – is divorce.
The statistics show that 40 to 50 percent of couples who marry this year will divorce. [...]
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Posted on May 11, 2007 by Mark Jakubik
A business owner who is married or considering marriage, should know how his or her business may be affected in the event of divorce. The following legal issues may pertain to a business and a marriage:
The value of your business may be included in a divorce settlement. Under Pennsylvania law, marital property is [...]
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Posted on May 8, 2007 by Mark Jakubik
The weekend edition of the Wall Street Journal had an interesting article about the increasing difficulty that couples are facing in fairly dividing their assets when they dirvorce, as a consequence of the increasing prevalence of exotic and obscure investment products, as well as the recent volatility in the housing market. The article discusses the [...]
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Posted on January 15, 2007 by Mark Jakubik
Divorce is a difficult, painful process. Ending a marriage, dividing assets, and trying to maitain stable, productive parenting relationships is very, very difficult. sometimes folks borrow a little extra trouble by extending their disagreements to the pets. Really, its true. I have seen it, and, based upon this excellent post from Lee Borden at Lee’s [...]
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Posted on January 3, 2007 by Mark Jakubik
The distribution and tax treatment of stock options in the course of a divorce can be a very confusing subject. The Tax Prophet has published this newsletter that helps explain how options that are transferred from one spouse to another are treated for tax purposes.
Filed under: Asset Distribution, Divorce, Taxes | 1 Comment »
Posted on January 2, 2007 by Mark Jakubik
Today’s Wall Street Journal brings us the story (free for today only) of a rather extraordinary divorce. Seems a billionaire couple decided to get divorced. Instead of cutting each other to ribbons in the press and in court, and spending gobs of money on legal fees, they got together over a bottle of wine at [...]
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Posted on December 29, 2006 by Mark Jakubik
Very often during the course of or after a divorce, one or the other spouse has a question about how joint debt is managed. Many people have some misconceptions about what their responsibilities are for joint debts, even when those debts are specifically addressed in a settlement agreement or final divorce decree. The Federal Trade [...]
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