July 2012 Archives

Like prenuptial agreements, trust can be beneficial in event of divorce

Prenuptial agreements are one very flexible tool engaged couples can use to protect themselves in the event of divorce. Another tool, sometimes overlooked, is a trust. Trusts have a variety of uses, including asset management, creditor protection, and gifting, but they can also be used for protection in the event of divorce.

Working out sustainable parenting time arrangement can be a challenge

Divorce can bring a number of challenges in terms of working things out with one's ex-spouse. This can certainly occur with property division and financial matters, but also with children. Custody and visitation can be a very difficult thing to work out for some couples. Much of it depends on how willing one's ex-spouse is to work together, and what their specific goals are in the divorce. In many cases, a little negotiation is necessary, but things eventually work out.

New York court rules deficiency in prenup execution can be addressed at later date

Prenuptial agreements are a very valuable tool in planning for marriage. When properly drafted and executed, these agreements can be financial lifesavers. Because of their importance, state law requires both parties to acknowledge the agreement both orally and in writing in the presence of a notary or other authorized person. But what if this condition isn't met?

Cruise and Holes reach quick agreement in divorce case

Those who keep up on the latest developments in Hollywood know about the recent divorce settlement between Katie Holmes and Tom Cruise. For those who haven't heard, yet, it took the high profile, high asset couple eleven days to reach an agreement after Katie Holmes filed for divorce in New York.

Katie Holmes divorce filing: custody will be central issue

Our New York readers have probably already heard the news of the pending divorce of Tom Cruise and Katie Holmes. Cruise was reportedly blindsided last week when Holmes filed for divorce in New York after five years of marriage. In her filing, Holmes requested sole custody of the couple's 6-year-old daughter Suri. She has stated that her daughter is her "primary concern" in the divorce. Some have speculated that growing concerns about Scientology led her to ask for sole care of her daughter.

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