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3 Ways Small Business Owners Can Protect Business Assets In Divorce

Divorce is a stressful experience, especially when it involves the division of properties, assets and businesses. For some, it is even more painful because a business is about all they have and splitting the business in two can cause a lot of financial damage. Small business owners know how tough it is to operate a business when the economy is constantly changing. Include a divorce and the stress reaches to new levels. So, what should a business owner do at times like these? They can follow three easy steps to limit the impact to their business from divorce. Maintain an…

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How To Find Concealed Assets and Money During Your Divorce

As soon as the divorce proceedings start, it has been observed that many people try their best to hold back what according to them is their own property or money. There are some individuals who even possess secret bank accounts as well as other financial activities when they were married. If you feel your estranged spouse may have done the same and you desire to get a fair settlement, you need to expose such hidden accounts When you are not ignorant about the resources and techniques used by financial and accounts professionals, you will not become a victim of your…

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Smart Tips for Stay-At-Home Mothers Facing Divorce

Both you and your former spouse had your own distinct roles while you were married and a stay at home mother. While your ex husband worked outside, you did your work inside the home. In fact, everything went on pretty well. But now that you are getting divorced, you need to do plenty of things to ensure that your divorce remains a smooth process. It is particularly true since you are looking forward to a fresh beginning after your divorce comes through. Here are some of the smart tips, which can be a big differentiator to thrive successfully after your…

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Documents Your Divorce Lawyer Will Need In The Divorce

Your divorce attorney will need certain crucial financial documents before the divorce proceedings start and during such proceedings. Some such documents include income related documents and tax returns.  Other documents that your lawyer will need are property valuations, marital debts, documentation of assets, and related documents. While you are getting your documents, your attorney may ask for digital or hard copies of them. However, you should make it a point to keep copies of all those documents you handed over to your divorce attorney. If you have handed them over the digital copies, save another copy either online using a…

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Factors to Consider Before Accepting a Lump Sum In Your Divorce Settlement

Are you one of those couples who are in the most of your divorce settlement negotiations? If that is so, you should contemplate properly before angering to accept a lump sum as your settlement. In case the non-earning spouse is offered a lump sum in lieu of his or her divorce settlement. The money is needed to support that person’s future lifestyle. However, it often gets quite abstract. If you are trying to ascertain whether the lump sum offered to you is adequate or not the most important factors to consider are: The plans for investment returns or the growth…

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Should You File Taxes Separately or Jointly During Divorce?

In case your divorce is not yet finalized, you could file joint return if you remain married at the end of a tax year or as of December 31. Both husband and wife must provide consent to this filing. If there is no consent and you are still married, then your options are to file “married filing separately” or “head of household.”  When you check the “married filing jointly” box, it is represented to the tax authorities that you are married. This is valid even if you in reality separated and there remains no court judgment which ends this marital…

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You Should Know These Things About Prenuptial Agreements

A legal contract that is agreed upon by two people prior to getting married is termed as a prenuptial agreement. In this agreement, the couple takes care of matters like the kind of property rights they will have in the event of their divorce, any property that they acquire during their marriage and the property, which each of them brings into their marriage. There was a time when the prenuptial agreements were only for wealthy people. Today, things have changed. In case, both the spouses want to own a property jointly, one of them had given up his or her…

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Top 3 Costly Financial Mistakes to Avoid During Divorce

There are many such cases where a divorcing spouse accepts a settlement even though it could be unfair to him or her. However, a few years down the line, he or she may go through severe financial constraints. Irrespective of what the reason for agreeing to such a settlement was, such an occurrence could be drastically improved even though it may not be avoided altogether. This is possible when you learn some of these most expensive financial blunders that are commonly made while arriving at divorce settlements. Mistake 1: Unable to budget according to a new lifestyle A common financial…

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Financial Tips for Divorced Women

Are you a divorced woman and are a bit overwhelmed by the amount if bills appear to simply pile up? If that is so, you definitely need some kind of financial guidance. After your divorce, your standard of living changes. So, finding a proper financial assistance, paying bills and organizing are some of the prime tasks you need to embark upon. Why divorced women need financial help? According to an estimate, about 40 percent of divorced women have a new standard of living after their divorce comes through. Though in many cases the alimony provided by an ex-spouse could pay…

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Understanding Family Code 2030 In California Divorces

California Family Code section 2030 helps ensure that a fair trial is conducted during a divorce in California by enabling a means of seeking attorney’s fees on the basis of need to be able to afford legal representation. The section has been designed for both the husband and wife to have equal access to family law courts during legal representation. Couples in California sometimes fail to understand the code and some that do tend to misuse it. What does it cover? The Family Code 2030 contains initial applications that couples require for attorney fee and post-judgement modifications. Family court judges…

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