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July 2016 Archives

Suit: Financial fraud discovered during divorce proceedings

Sometimes divorce proceedings can bring to light financial secrets and wrongdoing that a spouse wasn't aware of during the marriage. A year after filing for divorce from her husband Robert Morton, who once produced "Late Night with David Letterman," his wife is suing him and their business manager for fraud that she says she learned about during the discovery process

More prenuptial agreements are being initiated by women

When prenuptial agreements first came on the horizon, they were generally used by wealthy men marrying women with few assets because they wanted to protect their wealth in the event of a divorce. Now, with more women in high-paying jobs, it's becoming more common for them to be the ones asking for a prenup before they walk down the aisle.

Important considerations for 529 accounts in a divorce

Many parents establish 529 savings accounts to help pay for their children's college education. They're named for the section in the Internal Revenue Code that allows parents to earn interest on the money without having to pay taxes on that interest as long as it's used for the designated purpose.

Why parental divorce can have unique impacts on adult children

When couples with children divorce, the impact of the break-up on the kids is usually uppermost in their minds. However, people who divorce when they're in their 50s or older and have grown children often give far less thought to the impact on their kids. After all, they're out of the house. They have their own lives, marriages and families.

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