Frequently, divorcing couples agree to divide property pursuant to a settlement agreement. Often, one of the parties is obligated to pay the other party an “equalizing payment.” The equalizing payment is the means by which both parties leave the marriage with substantially equal assets. Property…
If passed, the new tax reform bill introduced by Republicans will have a profound impact on couples getting divorced because the right to deduct alimony (spousal support) payments will be eliminated. Under current law, the spouse who pays alimony is allowed to deduct the amount…
Often, couples who are newly separated do not understand their obligations and rights regarding payment of the “family home” expenses. The law regarding payment of “joint expenses” post-separation is not intuitive and can feel unfair to the person who is left in the family home…
There are three important questions to ask when determining what rights you have regarding the family home. 1. When was the home purchased? If the home was purchased during the marriage and before the date of separation, it is presumptively community property which will be…
Not only is going through a divorce emotionally draining and time-consuming, it can also be very expensive. Being efficient while also obtaining ample information that will help you resolve your case is critical to managing the costs of divorce. Mediation generally offers a lower cost…
Are you going through a divorce and want to do it in a way that minimizes the anxiety, emotional turmoil and expense? If so, mediation is the right option of you. Mediation is an alternative dispute resolution process that both parties agree to participate in…