Let your smartphone or mobile device give you an assist in your divorce with these easy-to-use apps that help with everything from co-parenting to calculating asset splits. Read more
Tag Archive for: asset division
You and your soon-to-be former spouse have laid your marital assets on the table and now it’s time to divvy up who gets what in your divorce. During this part of the divorce process — negotiating distribution of joint assets — be aware that any missteps you make can turn what could have been a fair settlement into one that puts you at financial risk. With the stakes this high, what traps should you be on the lookout for? Here’s how to avoid three common asset division mistakes. Read more
Texas oilman Harold Hamm’s $17 billion dollar divorce from his wife of 25 years, Sue Ann, is set to potentially become the largest divorce settlement in history.
But not if Hamm has anything to do with it.
The billionaire, who never signed a prenuptial agreement, is making a bid to protect his high net worth with a little known aspect of marital asset division called active vs. passive assets. Read more
When it comes to dividing assets in divorce, the issue of “what happens to the house?” is usually one of the most contentious and emotional issues a couple must address in reaching a settlement. Why is the house such a big deal? In most marriages, real estate, in the form of the family home, represents the largest jointly owned asset up for division. Secondly, but of no less equal importance, can be the emotional attachment many feel with their home, especially if they are raising children. Read more
Divorce stirs up plenty of emotions, but a recent headline-grabbing divorce case in which a wife received a lowered divorce settlement for “badmouthing” her attorney husband and allegedly ruining his business reputation provides good reason why it may be best to keep negative feelings about your spouse under wraps. Read more
The posh summer season in the Hamptons will get off to an usual start this Memorial Day Weekend with the “divorce yard sale” of James B. Fairchild and Whitney St. John, a couple once billed as a modern day F. Scott and Zelda Fitzgerald. According to the NY Daily News, Fairchild, son of former Women’s Wear Daily and W publisher John Fairchild, and St. John, a high society real estate broker, have decided to hold a joint sale of antiques and collectibles as part of their divorce settlement. Read more
Off the slopes and away from the rink, the Sochi Winter Olympics features a very fierce battle being waged. However, this race is not for a gold medal, it’s a divorce dispute involving Russian billionaire Vladimir Potanin, who is said to have funded the bulk of the Sochi Games and Natalia Potanin, his wife. Read more
Having trouble in your divorce deciding whether or not you want to sell your house or buy out your spouse’s share of the equity and keep it? In many cases, the financial pressures of divorce make selling the house a no-brainer—you may simply need the funds as soon as possible.
When the decision is less clear cut, however, weighing the pros and cons can be confusing. Here are a few tips to keep in mind if you find yourself in this situation: Read more
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