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Monthly Archives: August 2020

DivCouple13

How Does Equitable Distribution Work When Both Parties Are Struggling Financially?

By Patrick L. Looper |

The stereotype goes that, the richer you are, the messier your divorce case is, but it does not always work out that way.  Some wealthy people, having learned the hard way in a previous divorce, sign prenuptial agreements in which they resolve all the financial issues that could complicate their divorce before problems arise. … Read More »

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DivMoney2

When Does a Personal Injury Settlement Become Marital Property?

By Patrick L. Looper |

When a couple gets a divorce, not all of their property is subject to division.  The court will divide the couple’s marital assets in a way that it deems equitable (that is, in the fairest possible way, but not necessarily equally), but each spouse gets to keep his or her own non-marital assets.  If… Read More »

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DivAlim

Who Keeps the Family Business After a Divorce?

By Patrick L. Looper |

For many couples, the most valuable asset they own is the marital home, and it becomes the subject of the most heated dispute over division of property in the couple’s divorce.  In this case, the court usually awards the marital home to the party that needs it more; if they both need it, or… Read More »

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