3 overlooked valuables in high-value divorces
The Law Offices of Keith F. Simpson Blog
by lbaxtercontentcustoms
1w ago
In a high-net-worth divorce, the stakes can be substantial. Absent a valid prenuptial or postnuptial agreement, these kinds of divorces can often turn contentious and bitter when it comes time to divide the marital assets. While most couples tend to focus on the highly visible assets, like real estate, investments and business holdings, there are a lot of valuable assets that can easily get overlooked. Consider these: Intellectual property rights Patents, copyrights, trademarks and royalties derived from one spouse’s creative works or inventions can possess immense monetary potential. However ..read more
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Important financial considerations when planning for divorce
The Law Offices of Keith F. Simpson Blog
by gturnercontentcustoms
3w ago
Divorce is not only an emotional journey but also a significant financial transition. Proper financial planning can help to alleviate stress and ensure a more stable future for both parties involved. Here are some crucial financial considerations to keep in mind when planning for divorce. Understand your assets and liabilities Before proceeding with a divorce, it’s essential to have a clear understanding of all marital assets and liabilities. This includes property, investments, retirement accounts, debts and any other financial obligations. Hiring a financial advisor or accountant can help en ..read more
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How do divorce courts treat executive compensation and benefits?
The Law Offices of Keith F. Simpson Blog
by jrichcontentcustoms
1M ago
Divorce in California presents unique challenges for high-earning executives with valuable compensation and benefits packages. Dealing with complex assets like stock options and bonuses can add confusion to an already emotionally charged divorce. Understanding how community property laws apply to executive pay and benefits can help ensure that your settlement is balanced and equitable, regardless of whether you or your spouse is the one with these assets. Marital vs. separate property: A refresher In California, any income earned during the marriage, regardless of who earned it, is joint marit ..read more
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Co-parenting and children’s devices
The Law Offices of Keith F. Simpson Blog
by gturnercontentcustoms
1M ago
Managing technology and devices for children inspires unique challenges when a child’s primary decision-making authority rests with co-parents. As digital tools become increasingly integral to education, communication and entertainment, co-parents must navigate the complexities of setting consistent rules and boundaries for their children’s tech use, which isn’t always easy when there are two distinct households in play. This effort ultimately requires careful coordination and communication between co-parents to better ensure that technology positively influences their children’s lives rather ..read more
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Unique considerations for divorcing doctors in California
The Law Offices of Keith F. Simpson Blog
by bkabritsor
2M ago
At least 123,941 physicians practice in California, according to the California Health Care Foundation. The unique nature of being a physician can introduce special considerations into divorces. For example, the valuation of medical practices and the high earning potential of doctors can set them apart from many other professions. Professional practice valuation Unlike many other professions, physicians often have their own practices. They involve intricate financial structures. Determining the value of a medical practice requires a thorough understanding of the unique aspects of the health ca ..read more
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Using property division in divorce to protect your credit
The Law Offices of Keith F. Simpson Blog
by jrichcontentcustoms
2M ago
Property division during a divorce can significantly impact an individual’s financial health — particularly their credit score. Careful management of this division is crucial to protect your credit score and help ensure financial stability after the divorce. For many people, divorce brings a reevaluation of financial standing, with property division playing a central role. Ensuring that this process doesn’t adversely affect their credit involves strategic decisions about assets and liabilities. Strategic asset liquidation Selling assets during a divorce can be a strategic move to manage joint ..read more
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Why do long commutes increase divorce odds?
The Law Offices of Keith F. Simpson Blog
by kreed
2M ago
When considering the factors that may contribute to the odds that your marriage ends in a divorce, make sure you think about your commute. How far you drive to work every day – and how much time you spend on the road – can be a major predictor of divorce. For example, one report claimed there is a 40% increase in divorce odds when one of the partners has a commute that exceeds 45 minutes. This is especially true right at the beginning of this arrangement. If couples can get through five years or more, then that falls all the way to a 1% increase in divorce odds. But many couples will split up ..read more
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Intangible assets can be hidden during a high-asset divorce
The Law Offices of Keith F. Simpson Blog
by gturnercontentcustoms
3M ago
Divorce proceedings involving substantial assets require a meticulous examination of both tangible and intangible holdings. If you’re going through a high-asset divorce, you should keep an eye on often-overlooked intangible assets that may be concealed. In the pursuit of an equitable division of assets, forensic accountants may play a pivotal role. Their knowledge extends to uncovering hidden income, undisclosed accounts and intricate financial structures. If you are concerned about the concealment of intangible assets on the part of your spouse, it may be time to speak with your attorney abou ..read more
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Is your parenting plan no longer working?
The Law Offices of Keith F. Simpson Blog
by wreedcontentcustoms
3M ago
Even in the best of times, raising kids is never a walk in the park. Things become even more challenging when you are trying to co-parent with your ex following a separation or divorce. Creating an effective parenting plan is, without a doubt, the path to ensuring that your child receives the love and care they deserve from both parents.  As you can imagine, however, not all parenting plans deliver the results hoped for. Here are two questions that can help you determine if your parenting plan is no longer working. Is the child receiving adequate care? The whole point of having a parentin ..read more
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How to handle holidays after a divorce
The Law Offices of Keith F. Simpson Blog
by msmithcontentcustoms
4M ago
Holidays can be challenging after a divorce, especially when kids are involved. Both the parents and kids no longer get to experience the family activities they were used to. But this doesn’t have to be the case. You can have the best holidays after divorce. Here is how you can do this: Have a holiday schedule When making a regular parenting schedule, you should also create a holiday one. You don’t want to conflict with your co-parent every holiday. A detailed holiday schedule lists all holidays of the year and specifies who will be with the kids. You can also use this schedule for vacations ..read more
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