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high asset divorce Archives

People sometimes take serious risks to hide assets

It may be fraud to hide assets during a divorce, but people still do it. If you're worried that your spouse is stashing away money before the split, you should know that it may be an even bigger risk than you realized. Your spouse may be putting your financial future in jeopardy.

Court agrees that man and woman are not married after 22 years

An appeals court in Pennsylvania has agreed that a man and a woman, despite their 22-year relationship, do not have a common-law marriage. This comes after the woman reportedly asked for a divorce and then wanted the man to give her alimony payments.

Business owners: Paying yourself a good salary helps in divorce

You own a business. You know that a chief executive officer (CEO) in your position would be paid about $100,000 per year. Your company makes enough, but you don't want to pay yourself so much. You'd rather make $40,000 and put the other $60,000 back into your company.

Make sure your provisions are proper in a prenup

A prenuptial agreement is an important element to any marriage -- and divorce, should it get to that point. However, some people may mistakenly think that prenuptial agreements are only for couples that have a lot of assets. This isn't true. Any couple can utilize the protections offered by a prenuptial agreement, though it obviously is more helpful for couples that have more assets to protect.

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