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Preparing for a Possible Divorce

If you think divorce might be possible in your near future, there are certain steps you can take to prepare for a potential case. Whether you might file in a few weeks or months, or you suspect your spouse might file, it can be very helpful to take some time to prepare for a potential case. Doing so can help resolve your case more efficiently in many situations.   First, it is important to take stock of your financial situation. It is a good idea to gather all account information, including: Current bank account balances Investment portfolios Retirement accounts Property titles and values Debts All sources of income You should also gather personal information, including the Social Security numbers of your spouse and children. If you have children, it is important to consider what type of custody arrangement might work best for your family. If you believe your spouse might [...]


Benefits of Divorce Mediation

“Mediation” is a term that many divorcing spouses will likely hear. While you might have an idea about what mediation might be, many people are unclear about the process and its potential benefits for a divorce case. The following are some benefits that spouses can gain from a successful mediation process. Saving Resources There is no doubt that litigation can be costly – in money, time, and energy. If you and your spouse are at an impasse over one or more issues in your divorce, you likely want to avoid going to court. Mediation can help spouses who are at odds work together to find a solution that prevents the need for litigation and its associated costs. When informal negotiation is not working, mediation might be the tool that saves you resources. Maintaining Control Over Your Case When a case goes to court, the judge will rule on relevant issues [...]


What Happens When Business Owners Divorce?

An essential part of any divorce case is the division of marital property, which includes the family home, vehicles, financial accounts, personal belongings, and more. The more complicated your marital property is, the more challenging it might be to divide it between yourselves. One factor that can make property division particularly complex is when spouses own a business together. Working for yourselves is often considered the American dream, and the right business venture can be lucrative and rewarding for you and your family. However, what happens if two business owners decide to get divorced? Business Interests as Marital Property Business interests – or at least an increase in the business value –  are considered to be marital property in many situations, especially if you own a business together. If the company is the livelihood for both of you, how do you decide how to divide it? There are different common [...]

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