Four Things That Will Double The Cost Of Your Divorce (And How To Avoid Them!)

Nothing runs up your legal fees in divorce faster than urgent phone calls and late night emails to your lawyer. Dialing your lawyer about custody or possible arrest is reasonable. But some things are not urgent: your blender is not an important part of your divorce (even if it is a “Vitamix”).

But your world is turned upside down right now! That’s why you hired a lawyer – to guide you with pragmatic and unemotional response to your life drama. Here are my top 4 tips that will keep your legal fees in check:

Continue reading “Four Things That Will Double The Cost Of Your Divorce (And How To Avoid Them!)”

Vlog: New York Alimony and Child Support Basics

Vlog: New York Alimony and Child Support Basics

This Vlog is a short chat about the basics of Alimony (called “maintenance” in New York) and child support under the statutory framework. Keep in mind that these are quick explanations of complicated areas that have many exceptions. But I give you the basic run-down on what we are talking about when looking at maintenance and child support figures – a good starting point before any deviations or exceptions!

Questions? Feel free to join in the comments or send me an email.

 

Vlog: Prenup Season is Here!

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Forget March Madness – Prenup Season is here!

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: mlr@dhclegal.com 

Forbes: How Your Spouse’s Ashley Madison Account Can Impact Your Divorce

confused-businessmanNow that hackers leaked the email addresses of 37 million users of Ashley Madison, the dating service for married people in search of an affair, how will the public release of such private information impact your divorce?  I spoke with Emma Johnson, a financial reporter with Forbes, about the issue: Continue reading “Forbes: How Your Spouse’s Ashley Madison Account Can Impact Your Divorce”

Top Six Reasons You Should Take The Job Despite Your Divorce

calculatorMarcy hadn’t worked in four years and suddenly was faced with an amazing six-figure job offer – but the offer came right in the middle of her extremely nasty divorce. “Should I take it?” she asked. “What about child support? Alimony? Custody?” My answer was absolutely YES – take the job! Here are my top 6 reasons why you should take the job, regardless of your divorce: Continue reading “Top Six Reasons You Should Take The Job Despite Your Divorce”

Divorce Financing Options: Creative Ways to Fund Your Case

wsm-header-eEarlier this week, Financial blogger Emma Johnson — who writes at WealthySingleMommy.com — penned an interesting piece about financing options for women who may be trapped in bad marriages with no way to finance a divorce. Continue reading “Divorce Financing Options: Creative Ways to Fund Your Case”

The #1 Secret Weapon And Surprising Best Friend In Your Divorce

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Meet your new BFF

Mark was confused: his wife was demanding their co-op apartment in the divorce, and he felt – deep in his heart – that she should have it. His friends and coworkers were telling him it was a bad deal to trade-off paying her “alimony” and give her the apartment. And so was I. When Mark came in for our next appointment, I showed him my number one secret weapon in divorce – and his new best friend: a calculator.

“When you break down the tax benefits to paying ‘alimony’ and look closely at avoiding capital gains in a sale of the home, you are losing,” I told Mark. And so did the calculator.

Once Mark and I factored in the costs of litigation (best-case and worst-case), and examined his investment and retirement accounts, he had a choice: would he give up $175k in exchange for a “quick” settlement? Finally, Mark saw the light and went to a CPA and a realtor to confirm our rough estimates. Continue reading “The #1 Secret Weapon And Surprising Best Friend In Your Divorce”