Dealing with high-asset divorce is an exhausting, emotional, and difficult challenge. The same stresses can even apply before marriage–when an engagement ends. In both cases, former partners must make difficult decisions regarding how to divide property and otherwise separate lives that were intimately connected. Many divorcing or separating couples may wonder about the very symbol […]
THE DOMESTIC ASSET PROTECTION TRUST: THE ALTERNATIVE TO THE PRENUP?
The dreaded prenuptial agreement (“prenup”) is something that couples entering into marriage fear. Those entering into nuptials pull their hair out trying to figure out the right way and perfect time to raise the subject that they want a prenuptial agreement. When these people are too scared to bring up the issue of a prenup, […]
CONNECTICUT DIVORCE LAW AND THE ALIMONY PROCESS
Though the Connecticut divorce process is relatively simple, especially when compared to other states, there are still certain conventions and legal guidelines that must be understood. Specifically, the process for determining the amount of alimony that a spouse should be awarded can play a very big role in the overall divorce proceedings. Because of complaints […]
RETIREMENT ACCOUNTS IN DIVORCE PROPERTY DIVISION NEGOTIATIONS
When a couple divorces, any retirement accounts they have become part of the whole marital estate that needs to be divided between the two of them. This property division needs to be handled in a certain way or else it can have a great impact on taxes. If an account is going to be transferred […]
TAX CONSIDERATIONS IN A HIGH-ASSET DIVORCE SETTLEMENT
In many complex divorce cases, the issue of how property and assets will be divided is one that needs to be considered and negotiated very carefully. Tax considerations in a high-asset divorce, such as capital gains and gift taxes, can end up eating a large portion of your settlement if the division is not done […]
BUSINESS VALUATION IN DIVORCE
Business asset valuation is the process of determining a monetary amount that best reflects the value of a business. Business valuation is important in quite a few situations. Business valuation is often required when one seeks to sell their business, so that potential buyers understand the value of the business they are considering purchasing. This […]