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 […]
If any amount of spousal support specified in the divorce decree is reduced (a) upon the happening of any contingency related to the child or (b) at a time that can be clearly associated with a contingency related to the child, then the amount of […]
Jill has been divorced for five years. Her separation agreement stated she would receive $5,000 per month of spousal maintenance for four years. She was also owed a property settlement payment of $200,000. This was to be paid at the rate of $50,000 per year […]
Dividing a family business can present many issues, so here are a few made-up examples of common issues and the outcomes. One common situation is when there “should” be a business valuation, but it never is completed. Shawn and Jennifer had been married for 35 […]
Maintenance payments stop upon the payer’s death. A simple way to protect future payments is to have the divorce decree stipulate that life insurance be carried on the life of the payer to replace maintenance in the event of the payer’s death. It’s recommend that […]