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Posts tagged "High Asset Divorce"

Financial planning for divorce

After a divorce, the financial situation will change for many Pennsylvania couples. It can be particularly hard financially on women. Married women earn more money than women who are separated, widowed, divorced or single, but despite this and the growing number of women in the workplace, they still earn less than men on average. Caregiving, which more often falls to women, may mean women only work part-time and have fewer opportunities for career advancement and saving money.

Aisha Tyler's divorce settlement finalized

Pennsylvania residents might like to know about the legal ramifications of the divorce of Aisha Tyler and Jeff Tietjens. Tyler is an actress while Tietjens is a lawyer. The couple reportedly dated in college and married in 1994. They separated in 2015, and Tietjens filed for divorce in 2016.

How divorce can affect a business

When a Pennsylvania company's owners have a falling out, it can be an incredibly stressful time for an organization of any size. However, it can be just as difficult when the owners are married and their relationship is coming to an end. The worst may be when a couple starts a business together and then they split up.

Protecting and dividing a business during divorce

Pennsylvania families who are concerned about protecting their children's business interests in a divorce from future spouses may want to look at trust options. However, a trust will not solve the issue of dividing a business if a couple owns one together and gets a divorce. One may be unable to buy the other out because most of their assets may be tied up in the business. If a couple has a prenup in place, that might cover the process, but if they do not, there are other options. A buy-sell or buyout agreement prepared before the wedding might be an alternative to a prenup.

Complications in property division during divorce

Pennsylvania couples who are getting a divorce might make costly mistakes if they do not have a good grasp of their finances. They may think primarily of dividing assets in terms of things like their vehicles, their home and their bank account, but other aspects of property division might be more complex.

The Christina and Tarek El Moussa divorce

Pennsylvanians who follow the show "Flip or Flop" may have heard that its stars, Christina and Tarek El Moussa, are divorcing. While it is rumored that the show will end after the pair film the last few episodes under their contract, reports indicate that nothing has been finalized.

More long-term marriages ending in divorce

The fact that divorce has become more acceptable in recent years may be one of the reasons that couples with long marriages are more frequently calling it quits. Additionally, issues such as empty nest syndrome may be creating voids in the lives of the elderly, leaving couples at odds and finding little in common. A Pennsylvania couple finding themselves in this situation should be proactive as divorce proceedings are initiated.

How Social Security benefits may be paid after divorce

Pennsylvania residents who divorce after 10 or more years of marriage might be able to draw on their spouse's Social Security benefits after retirement. However, there are a few limitations. They can only draw on up to 50 percent of the spouse's benefits, and they can only do so if their spouse's benefits are greater than their own would be. They also cannot be remarried although if they remarry and they divorce again or their spouse dies, they can draw on the previous spouse's benefits. They can begin drawing on their former spouse's benefits even if the other spouse has not done so yet, but it must be at least two years since the divorce.

Elections prompt FMCSA marijuana policy clarification

Pennsylvania is one of 28 states that have legalized the use of marijuana for medical purposes, and the recreational use of the drug was approved by voters in California, Maine, Nevada and Massachusetts on Nov. 8. However, cannabis remains a Schedule I drug under the 2012 Controlled Substances Act, and the success of several marijuana-related ballot measures has prompted the Federal motor Carrier Administration to release a statement clarifying its position on the drug.