Money and Assets
Court Orders Property Sale for Spousal Maintenance Payments
July 18, 2015
Spousal maintenance payments can force people to make very difficult decisions. When a court calculates spousal maintenance, all the assets of the one who is paying are taken into account, not just income. Someone paying may have to sell land, rental property, or other tangible assets to raise th...
Understanding Community Property
July 10, 2015
Washington is a community property state. This has very important implications in divorce cases. In community property states, most of the property of a couple is considered jointly owned. When a divorce happens, it is split equally among the parties. However, this also includes debts. In a nutsh...
New Federal Child Support Rules Under Discussion
July 9, 2015
States don't just have their own child support laws, but must also follow federal law on the matter. Last year, the U.S. Department of Health and Human Services' Office of Child Support Enforcement put up a list of proposed changes for public comment. The response was positive, though some legisl...
One Very Expensive Divorce in Russia
July 5, 2015
Many of the divorces that hit the newswires are from extremely rich people. The complexity of assets from multi-billionaires and the rich lifestyles they lead make these cases very hard to try. One Russian oligarch may be in for the world's most expensive divorce. The total payout could be more t...
Imputing Income in Divorce Cases
July 2, 2015
One of the hardest things that a family law judge must decide is how to impute income. Imputing income is legalese for deciding how much income each party in a divorce case has and how much they are expected to make in the future. This information is used to decide fair amounts of spousal mainten...
Judge Reprimands Couple for Spending so much on Divorce
June 25, 2015
Using the services of a divorce lawyer should be done judiciously to avoid high legal fees after a divorce is settled. The longer a divorce is dragged out, the more expensive it gets. Sometimes it gets so bad that a judge is forced to comment on it. That's what happened in Britain when two very ...
Social Security and Divorce
June 24, 2015
Divorcing late in life is becoming more common. This brings up questions about how dividing finances works for retirement assets. One area where this is easy is Social Security benefits. In fact, you may be able to claim your ex-spouse's benefits long after a divorce happened if you meet certain ...
Divorce Fees Go Beyond the Lawyer
June 8, 2015
There are a number of fees that can surprise couples during a divorce, and it is important that both parties are aware of them. Forewarned is forearmed, and no one wants to deal with the stress of a divorce and suddenly get an unexpected bill on top of it. Here are some things to look for from an...
California Initiative Started to Eliminate Spousal Maintenance in that State
June 1, 2015
A California software consultant has taken an unusual step to fight his alimony (spousal maintenance) payments. He has written an initiative to end alimony altogether in the State of California, and has received permission from the Secretary of State to start gathering signatures per California l...
How does the Government look at Asset Transfers in a Divorce?
May 14, 2015
A lot of people don't like the IRS. There are lots of little gotchas that can put people on the hook for large sums of money. Sometimes these hit during a divorce, and sometimes much later when split property is cashed out. It depends on the asset in question. In most cases, when there is a tran...