When marriages start to unravel, one or both spouses may begin to contemplate divorce but are hesitant to act because they fear they are being too hasty or perhaps neither one knows how to proceed. One question that pops up regularly among those seriously considering divorce is whether or not it is advantageous to be the first spouse to file for divorce. The answer is often yes, there can be potential advantages of filing first in a divorce.
Quit Claim Deed in a Divorce
When couples divorce, they may wish to sell the family home and split the proceeds. Other times, one spouse may wish to stay in the home while the other moves out. In the latter case, divorcing couples may use a quit claim deed to fulfill the requirements of property division in a divorce. A quit…Read More
Premarital Agreements Lead to Greater Understanding
Premarital agreements are a smart move to protect a business, family gifts and inheritance. Prenups have become more common in recent years, particularly among those who are considering a second marriage, which may include blending children from previous marriages. One of the primary purposes of a prenuptial agreement is to determine financial payments — both…Read More
Look at Big Picture When Determining Alimony
Men and women are closing the gender gap when it comes to education and earnings, making permanent alimony rare. However, some circumstances may justify long-term spousal maintenance. Among the factors considered for a favorable alimony ruling are lengthy marriages, age and health of the parties, and income earning potential. These may be considered as single…Read More
Billion Dollar Divorce Settlement not Enough
When is a billion dollars not enough? In the divorce case involving billionaire energy magnate, Harold Hamm, and his wife of 26 years, Sue Ann Hamm, the Oklahoma judge’s recent award of 1 billion to Sue Ann apparently doesn’t cut it. She has decided to appeal the ruling – seeing the settlement as too small…Read More
Taking the Leap…to Divorce (and Beyond)
Making the decision to divorce is often complicated. Divorce is a major life change that can leave a person reeling. Dealing with issues such as money, children, career changes and possibly downsizing your home on your own can seem overwhelming. However, if the choice boils down to staying in a broken marriage or facing the…Read More
