Divorce for the Self-Employed Worker
When a couple divorces, they must divide their assets according to the doctrine of equitable distribution. When a couple divorces in court, the court determines an appropriate way to divide their assets. Couples who choose collaborative divorce have more control over how their assets are divided, but often follow equitable distribution guidelines at the recommendation […]
Special Concerns in High Net Worth Divorces
The Securities Exchange Commission has a concrete definition of a high net worth individual: any individual who, either on his or her own or with his or her spouse, has a net worth that exceeds $1,000,000 in liquid assets, an individual whose income exceeded $200,000 for the past two years and can reasonably expect it […]
Protecting your Business Interests in a Divorce
For many Americans, a small business provides their sole source of income. Whether you work as an independent accountant, a freelance writer, a restaurant or store owner, or a skilled crafts person, you are operating a small business for a living. This means that if you get divorced, your small business is considered to be […]
Is Your Divorce a High Asset Divorce?
Wealth can be a relative feeling. You might feel like you are working yourself to the bone to bring home a comfortable salary, but still have a hard time making all your payments each month. Conversely, you might find yourself making a comparatively smaller salary than others in your community, but able to afford all […]