More Women Requesting Prenups

People used to think that prenuptial agreements were just for celebrities or the super-wealthy. That’s no longer the case. The American Academy of Matrimonial Lawyers recently released results from a survey: 63 percent of divorce attorneys say they’ve seen an increase in prenups over the past year. And just as importantly, 46 percent said they saw...

Prenuptial & Postnuptial Agreements

In the United States, 50% of the people who marry will get divorced.  In 2013, California has been surveyed to have a 75% divorce rate.  The rising divorce rate has become a catalyst for the rising number of couples getting prenuptial and postnuptial agreements.  A 2012 Harris Interactive Poll showed that 44% of singles and 49% of divorcees have thought of...

Divorce Finance – What You Should Be Prepared For

There are a few financial complications when divorcing your spouse.  You should be correctly informed about your filing status as well as your exemptions and deductions when preparing for the tax season.  First, you have to understand that the marital status for tax filing is set as of the last day of the year (December 31).  According to the IRS, you are...

Dividing Debt in Divorce

Dividing Debt in Divorce

Question I know that California says that I get half of the property my husband and I have accumulated during our marriage. But what we have is mostly debts. What’s the best way to deal with them? Answer Unfortunately, its not unusual for couples these days to have more debts than assets. The general rule is that debts incurred during the marriage are the...

Where to Search for Hidden Asset During Divorce

Where to Search for Hidden Asset During Divorce

Question My husband just told me he wants a divorce, and he says he’s been thinking about it for quite a while. I’m afraid that he’s taken steps to hide money so that I won’t receive a fair share of our property. Answer It’s smart of your to be suspicious. Although by and large people are pretty honest while going through divorce, too many women trust...