Business & Corporate Law

FACING DIVORCE? 8 WAYS TO PROTECT YOUR ASSETS

Jun 24, 2020

Establish your own credit and close joint accounts. Beware of mutual debt. Hire someone who’s smart about money. Don’t raid retirement funds to pay for a divorce. Gather all financial and retirement documents. Know how divorce affects Social Security benefits. Get smart about retirement plans. Protect your survivor benefits. REF: Leslie Haggin Geary, Bankrate.com Kindly […]

DON’T RAID RETIREMENT FUNDS TO PAY FOR A DIVORCE.

Jun 17, 2020

Finding an attorney is one thing. Paying for their expertise is another, and many individuals find they’ve got to really stretch to cover the tab. A retirement fund is tempting source of cash. But it’s one that pros repeatedly caution against using. “Borrow the money instead. Using retirement money is the worst and you never […]

DOMESTIC VIOLENCE DURING THE COVID-19 GLOBAL PANDEMIC

May 25, 2020

Across the globe as more and more people are dealing with mandatory stay-at-home orders, the number of domestic violence incidents increases. People are being forced to stay in their homes almost twenty-four hours a day, often in close quarters with household members. On top of the close quarters, the global pandemic is causing high levels […]

WHAT ARE 529 PLANS AND FINANCIAL AID?

Dec 16, 2019

What are Section 529 Plans? Section 529 plans are named after Section 529 of the Internal Revenue Code (IRC), which was created in 1996 to authorize tax-free status for qualified tuition programs. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. These qualified tuition plans are sponsored […]

COURT DENIES ABSENT FATHER MONEY FROM SON’S WRONGFUL DEATH CASE

Sep 27, 2019

HOW TRUSTS CAN PROTECT YOUR CHILD’S INHERITANCE IN THE EVENT OF DIVORCE

Nov 14, 2018

While it is unpleasant to think about, especially during the planning of a wedding which is focused on love, in today’s society nearly fifty (50%) percent of first marriages end in divorce Consequently, it is smart and in the best interest of all parties to be open and honest regarding the legal and financial consequences […]

WHAT IS EQUITABLE DISTRIBUTION?

Jul 27, 2018

Equitable distribution is the distribution of property and debt obligations used by courts in most states when dividing marital property during divorce proceedings. Equitable distribution does not mean “equal” division – it means “fair” division. Instead of a strict fifty-fifty split in which each spouse receives exactly one-half of the property acquired during the marriage, […]

A DESIRE TO RETIRE IN THE FUTURE IS NOT A CHANGE OF CIRCUMSTANCES FOR MODIFICATION OF ALIMONY

Jun 12, 2018

Trial court erred in granting husband’s petition to decrease his alimony obligation because husband’s stated desire to retire at some point in the future did not constitute a substantial and continuing change in circumstances or his ability to work. The parties divorced in 2008 after 20 years of marriage. The marital settlement agreement provided for […]

ALIMONY CANNOT BE DECREASED LEADING UP TO RETIREMENT

May 29, 2018

Plans by the managing partner of a Pennsylvania law firm to wind down his career have become the subject of a precedential family law opinion in the state Superior Court. The court ruled last week that Peter Speaker, managing partner of Thomas, Thomas & Hafer, would not be allowed to decrease his alimony payments to […]

WHAT DOES CHILD SUPPORT COVER?

May 24, 2018

There is a growing misconception among some that child support should only cover a child’s bare necessities, such as food and clothing. In truth, child support is meant to cover a broad range of expenses, which may include school fees, entertainment, medical, and extracurricular activities, among other things. To help clarify this issue, all 50 […]