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When a couple divorces and one or both spouses own a business, their interests may become subject to division in divorce. However, before couples can divide business interests that qualify as marital assets, they must go through a business valuation in divorce to understand what the company is worth and how much each spouse is […]
Divorcing couples must divide their property, such as real estate and bank accounts, and overlook debt division. However, marital debt should be an essential topic of conversation while negotiating the terms of a divorce. You must decide who will be responsible for specific debts to prevent confusion and financial issues in the future. How Is […]
For many divorcing couples, their 401(k)s and other retirement accounts are usually some of their most valuable assets. Retirement accounts (or at least a portion of the value of those accounts) are considered part of a couple’s marital estate subject to distribution between the spouses in divorce. But due to the complex tax laws governing […]
Are you currently going through or thinking about filing for divorce in New Jersey? Are you wondering how marital property is divided by the court? New Jersey is an “equitable division” state, which means that the court will try to divide the marital property in a fair or equitable way, depending on the circumstances of […]
A recent Wall Street Journal article reported that Michael Mandelbaum, whose family owns a stake in the Minnesota Vikings franchise, claimed he was never officially married to his wife when she brought a divorce petition against him. This allegation came after Mandelbaum and Debra – the woman who claimed the two were indeed married legally – lived together for […]
The 2nd U.S. Circuit Court of Appeals reversed a Manhattan district court judge’s 2011 decision that dismissed a lawsuit filed against a Wall Street multi-billionaire by his ex-wife. The long running legal battle began in a 1990 divorce proceeding when Patricia Cohen accused then husband Steven A. Cohen of hiding his assets while formalizing a […]
