A Business Owner’s Considerations During Divorce

Shortly before their wedding, Mack and Julia opened a business that manufactured and distributed small electronics. Their three partners were Mack’s friends from college. After 12 years, Mack and Julia decided to divorce and began dividing up assets. As business owners, they now had to consider how to handle their business during their divorce. Basic Considerations. When it comes to dividing assets and debts in a Read More

How Divorce Affects Your Estate Plans

Divorce rates for people age 50 and older are rising. In fact, the divorce rate for people over age 65, nicknamed “gray divorce”, has almost tripled since 1990. Going through a divorce causes cataclysmic changes in every aspect of a person’s life, including where they will live and what possessions they will keep. Divorce even affects estate plans from the moment the divorce petition is filed until the ink dries on Read More