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How to Lessen the Financial Impact of a Divorce
/0 Comments/in family law /by Coumanis & York, PCIn case the emotional impact of divorce wasn’t enough, divorcing couples also need to worry about a massive hit to their financial well-being. In fact, it’s a fear of financial instability that keeps some people married far longer than they should be. If you’re getting ready to go through this major life change, you can […]
How Do I Divorce My Military Spouse Who is Stationed Overseas?
/0 Comments/in family law /by Coumanis & York P.C.The logistics of divorce can be overwhelming, and that’s before you add in the fact that your spouse isn’t even in the same country. Military marriages can be tumultuous and full of unique challenges, and if you’ve arrived at the decision to divorce, you likely want to move forward as quickly as possible. We are […]
My Spouse Cleaned Out Our Joint Account Before a Divorce, Can I Get My Money Back?
/0 Comments/in Blog, family law /by Coumanis & York, P.C.In some divorce cases, the end is a slow crawl that is obvious to both parties. In others, one party is blindsided by the other’s announcement that they want to end the marriage. In the second scenario, the spouse who wishes to divorce sometimes adds insult to injury by wiping out the joint bank account […]
How to Avoid IRA Early Withdrawal Penalties in a Divorce
/0 Comments/in Blog, family law /by Coumanis & York, P.C.You and your spouse have contributed to your IRA throughout the course of your marriage, planning to spend your golden years together. Now that you’re divorcing, you are both entitled to part of that money. You may be wondering about avoiding the tax penalty imposed when you take the money out before age 59.5. Learn […]
Divorce and Your Children’s College Funding
/0 Comments/in Blog, family law /by Coumanis & York, P.C.For many divorcing couples, their children’s college funding is a priority during negotiations. It makes sense—college, even if your children attend public institutions, can be expensive. It’s often prohibitively expensive for children who don’t get parental support. If you’re determined to have your ex-partner pay for all or part of your children’s college education after […]
How to Divorce a Millionaire
/0 Comments/in Blog, family law /by Coumanis & York, P.C.Divorce is stressful, anxiety-inducing, and painful—and that’s in the best-case scenario. When you’re divorcing someone with substantial assets, however, the stakes are even higher. You’re preparing to split from someone who can likely outspend you legally, has more knowledge of their assets than you do, and is determined to protect those assets. When divorcing a […]
Signs Your Spouse May Be Hiding Marital Assets
/0 Comments/in Blog, family law /by Coumanis & York, P.C.One topic that frequently causes disputes in a divorce is the division of assets. In some cases, both parties feel entitled to more than they really deserve. In others, one party is willing to divide assets fairly but the other is not. Asset division is such a touchy topic that some people turn to hiding […]
What Can and Cannot Be Included in a Prenuptial Agreement?
/0 Comments/in Blog, family law /by Coumanis & York, P.C.If a wedding is on your horizon, you may be considering a prenuptial agreement. While many people believe that prenuptial agreements are only necessary for those with massive wealth or assets, a prenup can actually be a helpful tool for couples of all income levels. Although no one plans to divorce when they get married, […]
Is My Spouse Entitled to Half My Business During a Divorce?
/0 Comments/in Blog, family law /by Coumanis & York, P.C.While some divorces are straightforward, easy to negotiate, and fast, others are bound to be more complex. Divorces in which one or both parties have ownership in a business are likely to be fairly challenging as marital property laws in Alabama may give the non-business owner the rights to some business assets. What should you […]
Important Tax Considerations During a Divorce
/0 Comments/in Blog, family law /by Coumanis & York, P.C.When you decide to get divorced, it seems like the tough decisions never stop coming. Unfortunately, this is also true when it comes to your final divorce settlement and taxes. A number of decisions you make regarding your divorce could impact your taxes for better or for worse. Before you agree to finalizing any aspect […]