We are a few months out from summer wedding season, which means that the time to talk prenups. Talking about it now will give you time to consider the agreement, negotiations and hopefully not add to the pressure you might be experiencing as the wedding draws near.
Why get a prenup? A typical prenup sets out what is viewed as marital property and what will remain separate property. It addresses who gets financial support and how much.
In this short Vlog I talk about reasons why to get a prenup, reasons why prenups can be overturned, and some interesting things you might want to put in your agreement.
Still have questions? Join the discussion in the comments or give me a shout (now, come on and shout now! Heeyyy-eyyy!) to discuss your pending nuptials: firstname.lastname@example.org
In an amazing move to support victims of “Revenge Porn” — the sharing or posting of naked or sexually suggestive photos or videos — the State legislature approved a bill outlawing the same.
“As a divorce and family law attorney, I know first hand how difficult these situations can be, and having this additional tool will be tremendous for my clients,” said Morghan Richardson, a partner at Davidoff Hutcher & Citron LLP in Manhattan.
“This bill is a triumph for victims who have been unable to get law-enforcement or the courts to act to provide protection and recourse to have the revenge-porn removed from websites.”
Nothing will increase the cost of your divorce case faster than failing to weigh the cost of the fight. Here are my top four tips about what is really worth fighting for and what you need to learn how to let go: Continue reading “How To Save Money In Your Divorce”→
What happens when the richest man in the world announces his divorce?
I talk to the hosts of the BBC’s Live at 5 about the possible financial outcomes to the Bezos divorce filing. Most likely there’s a confidential settlement already in the works, as the Billionaire’s announcement signaled an amicable split.
Check it out and discuss in the comments [tune in at 2:53:50]:
As the holidays wind down, statistics show that the start of the New Year brings a spike in the number of new divorce filings. In fact, divorce lawyers call the first working Monday in January “Divorce Day,” due to the increased number of calls. Best estimates reveal that one in five married couples is considering divorce after the holidays Continue reading “Next Year I Will . . . Get Divorced!”→
Building a blended family after a divorce can get complicated. Not only is becoming a step-parent a major emotional commitment but now add in the finances and the dynamics involved in supporting this new expanded family. As a step-parent myself, I know all about this difficult and wonderful journey.
I spoke with MassMutual about the financial concerns when tackling step-parenting. While some tips are obvious (eg. get life insurance), other ideas are more nuanced (consider creating a trust and updating your will).
The article addresses four things that new stepparents should do:
Decide how you and your new spouse will manage household finances.
Update beneficiaries on insurance policies, bank accounts, and brokerage accounts.
Secure or revise life and disability income insurance policies, if needed.
Learn how your changed situation will affect your taxes.
You can read the article here and discuss your step-parenting journey in the comments.