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Divorce
Divorce and Taxes – A 4-Part Guide to Avoiding Costly Mistakes – Part 1: Hidden Tax Traps in Divorce: What You Need to Know Before Dividing Assets
When divorcing, it’s not just about who gets what—it’s about how those assets are taxed. Tax implications can dramatically alter your financial future, yet they’re often overlooked in the heat of negotiation. In this 4-part blog series, we explore the critical but often-overlooked tax implications of divorce to help you avoid financial missteps and make…
Read MoreHow to Support Your Friends Through Divorce Without Taking Sides
Supporting a friend through a divorce can be challenging, especially when your friends with both spouses. Whether you’re helping a friend navigate their divorce or considering divorce yourself, there are ways to preserve relationships and move forward with dignity. If you are friends with both spouses who are divorcing, you may feel the need to…
Read MoreDivorcing After 50? The Team Approach Can Make Your Gray Divorce Easier, Smarter, and More Respectful
Divorce after 50, often called “Gray Divorce,” is more common than ever. In fact, 36% of all adults who divorced in 2022 were 50 or older. Starting over at this stage of life comes with unique challenges, from dividing decades of shared assets to addressing future financial and emotional needs. When I work with clients…
Read MoreDividing the Vacation Home in Divorce: Practical Solutions for Shared Properties
For couples who have second homes that are used primarily on weekends or for vacation, determining how to share usage during the divorce process and how to divide the asset after the divorce is an important issue that needs to be resolved. These homes are often viewed as more than just a real estate holding,…
Read MoreCan My Child Stay in Private School After Divorce?
Understanding Best Interests and Payment Options Divorce brings up many concerns about children and one that we regularly hear from clients is how important it is that their child be able to stay in their current private school after the divorce. To assess whether the educational status quo will be maintained or whether changes may…
Read MoreDividing Assets in Divorce: Why It’s Worth Getting Appraisals on Valuables
When you are going through a divorce, dividing property is rarely as simple as splitting everything down the middle. While it is common to appraise big-ticket items like your home or business, many people often overlook the value hidden in other personal assets. Whether it’s jewelry, art, or a wine collection, getting a professional appraisal…
Read MoreHow to Divide a Jointly Owned Business in Divorce: Strategies for Protecting Value and Income
Building a successful business with your spouse requires dedication, collaboration, and a shared vision. But what happens when the marriage ends? Because the division of a jointly owned business during divorce presents unique challenges, it’s important to approach this situation strategically to preserve the value of the business and the income it generates. In a…
Read MoreWho Gets the Private Country and Golf Club Membership in a Divorce?
A private club membership is more than just a membership—it is a significant part of a couple’s lifestyle and personal identity. Whether it is a golf course, tennis club, or social club, these memberships often have a substantial financial investment and strong social connections. For many people going through a divorce, determining who retains the…
Read MoreDividing Luxury Assets in Divorce
When luxury assets are involved in high-net-worth divorces, unique challenges can arise. Assets such as luxury vehicles, rare watches, yachts, high-end jewelry, vintage wine collections, and exclusive real estate holdings require careful consideration not only because of their significant monetary value but also the emotions that may be tied to them. All of which can…
Read MoreDivorce When One Spouse Has No Income
Divorce when one spouse has little, or no income can present financial and emotional hurdles that both partners will need to address. It can have a significant impact on both the finances and emotional well-being of each party, requiring a thoughtful approach for a fair and balanced resolution. Understanding the Financial Impact One of the…
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