401(k) Can Meet Divorce Cash Needs

Getting divorced and need cash? Often in divorce, there is a need for cash.  You might need to purchase a new home, move, pay attorney fees, pay college tuition, or any number of things.  Cash is often scarce.  An option for getting cash is from one the largest assets in many marriages, the 401(k) plan.  Did […]

Read More

Attorney Retainers in Divorce

Save money in divorce Understanding how attorney retainers and fees work can save you money in your divorce! Everyone would like to save money in divorce and some things are in your control.  Today I was again reminded about how the average layperson does not understand the concept of an attorney retainer, which in Wilmington […]

Read More

Same Sex Divorce Faces Unique Challenges

  Same-sex divorces face unique challenges Now that same-sex marriage is legal, these couples not only face the same issues that opposite-sex couples do when it comes to divorce, they actually face even more complicated issues when it comes to divorce. For instance, when did the couple marry?  Same-sex couples who lived together for many years […]

Read More

What is a Financial Affidavit in Divorce?

  There is a specific legal format for presenting financial information to in divorce court so that it is presented uniformly.  In most divorce cases, you and your spouse will have to prepare and file a “Financial Affidavit”.  (Note: Financial Affidavits are called different things in different states. For example, in New Jersey, it’s called […]

Read More

Deductible Alimony Disappears in 2019

Deduction of alimony ends soon for new divorces One of the changes brought about in the recent tax reform act was the elimination of the ability to deduct alimony payments starting in 2019.  Under current law, alimony payments are deductible by the payor and taxable to the payee.  Alimony that is in effect, or goes […]

Read More

Reviewing the W-2 for hidden assets in divorce

Wondering whether your spouse has disclosed all the compensation he or she is receiving? Employees are often compensated in ways that are not reflected in the deposit to the family bank account. It is important to ask for both pay stubs and past W-2s when investigating hidden assets. Employers will report assets such as contributions […]

Read More

Lifestyle Analysis in Divorce

Why do you need a lifestyle analysis? In North Carolina, when considering the amount, duration, and manner of payment of alimony, the court considers 16 factors, one of which is the standard of living of the spouses established during the marriage.  If you’ve hired an attorney, one of the things he or she will ask […]

Read More

How to make joint custody work in the summer

Thank you, Leah Villalobos, CDFA, for sharing this guest blog on such an important topic. Additional information about Leah can be found below. How to make joint custody work in the summer Coordinating schedules when you’re divorced and have joint custody of the children can be trying at the best of times. When summer vacations roll […]

Read More