We’ve discussed how to keep your divorce fees down in our previous post, so we’re going to delve deeper into how much matrimonial lawyers charge. Knowing the pricing structure could help you decide on how to save some more dollars, or rather, lessen the financial casualty the breakdown of your marriage caused.
Most lawyers bill you [...]
Once you have decided that your marriage is not salvageable, the next step is to get the deed done. As much as it is a tragic event in one’s life, divorce costs money — a lot of it if you do not proceed wisely. How do you keep your legal fees to a minimum in [...]
Although we all probably know that divorce hits women harder than men with tons of anecdotal evidence, but there are statistics to prove it and they don’t look good at all.
According to Long Island University’s National Center for Women & Retirement Research, the average woman sees a 45 per cent drop in her standard of [...]
You have fought all the fights and tried to make it work, but it isn’t happening. Both you and your spouse have decided to call it quits and maybe one of you has moved out.
Many experts will tell you to not let your emotions get the better of you and you need get ready. Learn [...]
Alimony: A thorny part of divorce – Part 4: Alimony and Taxes: How to play it right
15 Apr
Posted by yuming as Divorce & Finances
Alimony can be a very emotional issue. Take the extreme example of Las Vegas millionaire Darren Mack who murdered his ex-wife, Charla, and hired a sniper to shoot the judge who ordered him to pay her $10,000 a month in spousal support. Mack really didn’t want to pay alimony.
Macabre scenarios aside, you could use alimony [...]
Alimony: A thorny part of divorce – Part 3: Types of alimony
09 Apr
Posted by yuming as Divorce & Finances
The amount of alimony you get is dependent on your financial situation. We touched on the factors of alimony that will determine what category you fall in or whether alimony is even a good idea or not.
Alimony: A thorny part of divorce Part 2 – Factors that determine alimony
04 Apr
Posted by yuming as Divorce & Finances
Although there is no set formula in calculating alimony, there are several factors that the judge will weigh in determining the final amount of money to be paid. These factors will also decide if there should be any alimony at all.
In the courts, more weight is usually given to the length of the marriage (a [...]
Alimony: A thorny part of divorce Part I – A Prologue: More men are receiving alimony
02 Apr
Posted by yuming as Divorce & Finances
We thought it was time to explore alimony, a hotly debated topic in divorce, which was sparked off by yesterday’s Wall Street Journal’s article on the trend of men accepting alimony from their wealthier ex-wives.
This first article kicks off our four-part series, called Alimony: A thorny part of divorce.
Recommended: Divorce & Money: How to Make the Best Financial Decisions During Divorce
24 Mar
Posted by yuming as Divorce & Finances, Divorce Book Club
We’re going to start our weekly column, Divorce Book Club, to recommend books about divorce issues. Though you may have a great lawyer watching your back, it’s still important to get another perspective. Everyone’s case is different so you can’t go wrong arming yourself with more research.
As we can see from the way Heather Mills [...]
It’s probably the last thing you want to deal with during a break up, but it’s certainly wise to pay attention to your finances. Post-divorce life inevitably means a change in lifestyle for most people, so it’s advisable to handle present financial matters carefully and avoid debt as much as possible. Don’t forget that there [...]
