Most people think their greatest asset is their house. They are wrong. Checking account? Wrong again. For the vast majority of women, the most valuable asset we have is our career and earning capability. This is the asset we have the most control over to […]
The financial devastation resulting from the COVID-19 pandemic spurred the development and implementation of several supportive programs under the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. If you or your spouse benefited from any of these programs or provisions and are planning to […]
1) Understand the tax implications of each asset As each party negotiates dividing the marital assets, one of the biggest mistakes is not considering the tax consequences of each asset. For example, $1,000 in a bank account is not the same as $1,000 in an IRA, given […]
There is often an overlooked asset that needs to be divided or assigned to one of the spouses in a divorce settlement—and that is a cemetery burial plot. A burial plot is treated for most purposes as being unlike any other piece of real or […]
Concealment is the cornerstone of fraud. Fraud can be defined as “any intentional or deliberate act to deprive another of property or money by guile, deception or other unfair means.” The principal types of fraud are the misrepresentation of material facts of the concealment of […]
Divorce and mortgage financing concerns are often a touchy subject. Particularly when one spouse is dependent upon income awarded from the divorce for mortgage qualifying purposes, and also when contingent liabilities are present; such as a jointly held mortgage on the marital home. Having a […]
There are four basic characteristics of HCPs: Preoccupation with blaming others All-or-nothing thinking Unmanaged emotions Extreme behaviors Their behaviors are so habitual that the HCP is in denial of them. While these characteristics seem daunting, it’s not impossible to work with these people for favorable […]
A cognitive bias is a systematic mistake or error in thinking that affects our judgment. Some of these biases helped our ancestors survive on the savannah, but often no longer serve a good purpose in modern life. Our brains did not develop with the amount […]
Times are changing. More and more couples are choosing to avoid the litigation system to negotiate their divorce settlements, and even those with attorneys settle out of court 90% of the time. The demand for mediation and Collaborative Divorce has risen steadily in recent years […]