When it comes to weddings, the popular opinion (at least as far as the wedding industry is concerned) is that bigger is better. A lavish ceremony, an oversized diamond ring, and an elaborate after party are all touted as the ideal beginning to happily ever after. However, according to a study by Emory University in Atlanta, the more money a couple pours into tying the knot, the higher the probability the couple will soon follow their “I do’s” with divorce.
The study examined data contributed by more than 3,000 people throughout the U.S. who have been married and found the following correlations:
- Couples who spent $20,000 or more on their wedding were 46 percent more likely to divorce than couples who spent between $5,000 and $10,000. Read the rest »
When it’s time to end a marriage, most people find themselves in a state of emotional turmoil. It’s important to honor your feelings during this time and to seek help from a doctor or therapist if necessary. But it is also important to keep your head and to be willing to focus on “business” matters – especially if yours is a high-asset divorce.
Experienced Pennsylvania divorce attorneys recommend these three steps to helping you navigate the divorce process with integrity and give yourself the objectivity you need to ensure your needs and those of your children are met: Read the rest »
All divorces have the potential to become messy and stressful. This is especially true in a high-profile divorce cases involving millions and even billions of dollars. In one such divorce case, the wife of a multibillionaire hedge fund manager is asking a judge to dismiss her prenuptial agreement. If successful, she could have much greater access to her husband’s $5 billion-plus fortune instead of the one percent she is eligible for through the prenuptial agreement. If the prenuptial agreement stands, she will receive an estimated $50 million. Read the rest »
Many Pennsylvania grandparents play a significant role in the lives of their grandchildren. Some are primary caretakers and many have regular contact with their grandchildren including long visits and holiday celebrations. During a divorce, the parents will have to negotiate custody rights and their terms may not include rights for the grandparents. It is important in these types of situations for grandparents to learn about their legal rights and options.
The Child Custody Act went into effect in Pennsylvania in 2011. It allows grandparents to file for custody of a grandchild. For a grandparent to request sole custody of a grandchild, he or she must: Read the rest »
No divorce is easy. A high-asset divorce is even more complicated than a standard divorce. Because the spouses in a high-asset divorce have retirement accounts, substantial investments, family businesses and other items they’ve acquired and worked on together, the help of an attorney who specializes in high-asset divorce questions is invaluable when the time comes to separate.
How can an attorney become your best ally in a high-asset divorce? Read the rest »
A divorce agreement sets in place child support, alimony, child custody and even the division of property. Even when both spouses are willing to negotiate, there are still a number of conflicts that may arise when finalizing the details of an agreement. Once the divorce is settled and the agreements are signed, it is important that they are followed. If your ex is failing to live up to his or her side of the agreement, you should act quickly to protect your rights.
The first step you can take is to contact the family court to inform them that your ex is not following the terms of the agreement. If this does not change your situation, you may want to consider your legal options. You can take action if the other parent violates the custody agreement or if your ex refuses to pay alimony or child support. Read the rest »
One of the biggest challenges of any divorce is the division of assets. This stressful process can become even more complex when one or both parties have high net worth and significant assets. If you are involved in a high-end divorce, you will need an experienced Pennsylvania divorce attorney with an exceptional understanding of tax and finance law to protect your assets and best interests.
Even the most amicable of separations can become antagonistic when property and high-value assets are involved. It is common for arguments to occur when discussing the division of real estate, bonuses, pension plans, item investments, family businesses, and inheritance. To reduce stress levels and to ensure that your assets are protected, an attorney will provide the following services: Read the rest »
If you are considering a divorce, then you are already keenly aware of the emotional stakes. But a divorce is also a financial arrangement – and this is never truer than when the spouses seek to divide a high-asset estate between them. By working with an experienced Pennsylvania divorce attorney who understands high-asset divorce issues, you can protect your financial health as well as your legal rights.
One place to start is to work with your attorney to create a specific, proactive plan for dealing with your divorce. A lack of planning puts you on the defensive, in a “reactive” stance automatically, setting you at a disadvantage and often resulting in unnecessary delays. Read the rest »
Under current Pennsylvania law, a woman who has a child from rape can ask a judge to end the rapist father’s parental rights. This means that the father who committed the rape will not have custody or visitation rights. However, women who end the rapist father’s parent rights also surrender their ability to collect child support from the father. According to a news report in The Express-Times, a new bill has been proposed to allow a mother to end parental rights while still collecting support.
Democratic State Representative Mike Schlossberg proposed the bill that would close this loophole. It was vetted by the House Judiciary Committee last year and has recently been folded into another bill that is currently in the House. It is now part of the larger legislation regarding the termination of parental rights for sexual offenders. Read the rest »
High-asset divorces pose questions that ordinary divorce cases do not. While partners in a low- or middle-income family typically wonder how to support two separate households, partners in a high-asset divorce are primarily concerned with ensuring that their respective shares of their assets are distributed equitably, in a way that allows both the adults and children to maintain their standard of living.
Choosing an experienced Pennsylvania high-asset divorce attorney should be your first consideration when dissolving a marriage and wondering how to protect your assets. Other steps to take include: Read the rest »