It is, and it really depends upon what state you’re in. For example, in New York, that medical and dentist license does have an actual dollar amount to it and does actually have a value to it. However, in New Jersey, it is not valued; the actual license does not have a specific monetary value. […]
Financial Issues
If both spouses co-own a business together, how will it be divided in a divorce?
It’s really going to be based upon a case-by-case basis. However, when both spouses co-own, and not necessarily own, but both work in the business, each spouse is going to have an intricate knowledge of the business – although they may not have the same knowledge. For example, one spouse may actually work the business […]
If somebody is a business owner, how can they protect their company during divorce…
If somebody is a business owner, how can they protect their company during divorce – both financially and from unnecessary disruption from the other side’s attorney?
Podcast: Divorce Lawyer Alison Leslie on Dividing Business Assets
New Jersey Divorce Lawyer Alison Leslie discusses issues that may arise during divorce when one or both spouses own a business.
WATCH: If one or both spouses own a business, how is it valued and divided in a divorce?
Read the transcript of this video below. Divorces that involve businesses can be very complicated and challenging. In New Mexico, the case law says that the value of all property in a divorce case is market value. There are different ideas and different interpretations as to what that means. And there are different experts […]
WATCH: How can someone ensure that their lawyer has a good handle on the financial aspects of their divorce?
Read the transcript of this video below. From the very beginning, there needs to be a divorce plan, and the lawyer needs to get a handle on the issues right away. This can be done in the initial consultation depending upon how much the client knows. But if not done then, it’s accomplished shortly […]
Can An Attorney Be Sued For Not Filing A QDRO Quickly?
Tim Voit, a financial analyst in Bonita Springs and Fort Lauderdale, answers: Yes, as there are a number of liability issues surrounding QDROs. Not only are poorly drafted QDROs at issue, but simply not following through on implementing a QDRO for a client can lead to problems. In a case stemming from Delaware, a client […]
Podcast: Family Lawyer Jon Feder on Divorce Financial Issues
Jon Feder, a New Mexico Family Lawyer, explains the tax consequences of divorce, property division, and divorcing when you own a business.
How Can My IRA Be Transferred To My Spouse?
How can my IRA be transferred to my spouse? Do I have to pay penalties or taxes on the transfer?
Can the wealthier parent be ordered to pay for the child’s college costs?
Not unless the parents agree. The judge can only order child support for a non-disabled child until the child turns 18 or graduates from high school, unless the parents agree that child support will continue into college. If parents do agree that one parent will pay for college, and the parents write this up into […]
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