“Q. The value of our home and stocks fluctuate up and down with the market. How can we determine the value of these assets? How would that impact my divorce settlement?” A. One of the many challenges for divorcing couples revolves around valuing marital assets with ever-changing values. Specifically with stocks and/or investment assets that […]
Financial Issues
Why is it important to hire a financial professional who focuses on divorcing clients?
What mistakes might a financial professional make that doesn’t focus his practice on divorcing clients?
My husband always made the financial decisions during our marriage.
My husband always made the financial decisions during our marriage. He wants to mediate our divorce, but I am afraid that he’ll take advantage of me because he knows so much more about finances than I do.
What financial information should I collect for my divorce?
Megan Stirrat, a wealth management advisor in Irvine, answers: The first financial shock to face is the cost of the divorce itself. You’re already splitting assets; when you add a messy divorce with high legal fees, it becomes a considerable financial and emotional drain. It’s vital to have someone on your side who has a […]
If my husband doesn’t report all of his income, can I be held responsible by the IRS?
I know that my spouse has not been reporting all of the income he earns on his tax returns, and given that we’re now divorcing I’m wondering if I might be responsible in the future if the IRS finds out?
What do I need to know about Ontario pension valuations?
Gord Krofchick, a forensic accountant, fraud investigator, and business valuator in Toronto, answers: Legislation passed by the Ontario legislature in January 2012 has resulted in a dramatic change in the way pension assets are valued and divided between divorcing couples in Ontario. The new rules – formally known as Bill 133 – only apply to […]
Is my ex entitled to part of my pension after we divorce?
Will my spouse be entitled to some of my pension after our divorce? If so, can I prevent this?
I will be awarded alimony, how long can I expect to collect it for?
I will be awarded alimony, how long can I expect to collect it for? Being awarded alimony, otherwise known as spousal support in California, is based on a number of factors that are set forth in Family Code §4320. Some of those factors are the income of the spouses, the length of the marriage, the […]
I feel I should be reimbursed if I helped pay for my spouses education.
You are not alone. I commonly have clients who complain about this very fact, whether it is the doctor who is now having a relationship with the nurse, or the lawyer who is now having a relationship with his secretary. You have not only supported him or her during their professional schooling, you have also […]
My divorce lawyer tells me I’m eligible for spousal support, but I feel so guilty…
“My divorce lawyer tells me I’m eligible for spousal support, but I feel so guilty about my affair that I’m not sure I want to take money from my husband. What should I do?” This is strictly a personal decision and one that should be governed not by your feelings but rather your sensibilities. Do […]
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