By Evan Kirshenbaum | Published April 21, 2023 | Posted in Divorce | Tagged Tags: financial assets, marital assets, spousal support | Comments Off on How to Prepare Yourself Financially for Divorce
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Evan Kirshenbaum
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How to Prepare Yourself Financially for Divorce
There is no doubt that divorce can be an extremely disruptive event in any married person’s life. To help manage these changes and start off the next phase of your life confidently, it is very important to prepare your finances prior to filing for divorce. The cost of getting a divorce can be significant. A Read More
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Protecting Your Health Insurance When You Get Divorced
An important but sometimes overlooked issue during a divorce is how to protect access to health insurance afterward. In the United States, health insurance for a family is often tied to one spouse’s employment and requires that a couple be married in order for coverage to apply to both individuals. The prospect of losing this Read More
Read MoreSuspect Your Spouse of Hiding Assets in Your Rhode Island Divorce?
While the goal for many when divorcing is to get through the process as quickly and painlessly as possible, the unfortunate reality is that sometimes divorces get ugly. One of the most common ways that spouses may try to hurt each other or get the upper hand – aside from arguing over parenting and custody Read More
Read MoreHow Do the Courts Address Parental Relocation?
Child custody cases often involve issues that the parents do not agree on. As the case comes to a resolution, the parents will either negotiate an agreement through their attorneys or – if they are unable to come to an agreeable solution – the family court judge presiding over the case will decide. One issue Read More
Read MoreWhat Do Rhode Island Courts Consider Income When Calculating Child Support?
One of the largest financial impacts that divorce has is the assignment of child support, a regular payment designed to see that a child’s needs are met despite their parents no longer living together. Rhode Island law determines child support as a percentage of the supporting parent’s net income. However, this raises some important questions, Read More
Read MoreDivorce and Potential Tax Consequences
There is no getting around it: tax issues are always part of any divorce, simply because the marital assets are being divided, and the Internal Revenue Service (IRS) treats this as income. This is especially complex to navigate when the divorce involves high-income parties and high-value assets. The stakes are often higher when large marital Read More
Read MoreSocial Media and Electronic Evidence in a Rhode Island Divorce
There is a lot of online advice for people who are going through a divorce or other legal issue about what they should and should not post on their social media accounts. There is also a great misconception about what “social media” means and some people assume that it only refers to platforms like Facebook, Read More
Read MoreWhat Do Rhode Island Courts Consider Income When Calculating Child Support?
One of the largest financial impacts that divorce has is the assignment of child support, a regular payment designed to see that a child’s needs are met despite their parents no longer living together. Rhode Island law determines child support as a percentage of the supporting parent’s net income. However, this raises some important questions, Read More
Read MorePlanning a Wedding? Don’t Forget the Prenup
Couples who are in love and planning their wedding often get caught up in the romance of it all. The last thing they want to think about is divorce. But the reality is that despite the rate of divorce declining over the past several years, couples still have a 40 percent chance of divorcing. That Read More
Read MoreThe Time Value of Money in a Rhode Island Divorce
One of the most complex aspects of a divorce is the distribution of assets and property. The more assets a couple has in their marital estate, the more complex it can become. Complicating divorce finances, even more, is the fact that money can decreases in value over time. The interest rate that funds in a Read More
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