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Articles by Lynne Halem
Divorcing with Children: Have you thought about Nesting?
Separating and divorcing parents spend much time worrying. They worry about how and when they will separate; they worry if they will have enough money to maintain a semblance of their life before divorce; they worry about dividing assets and paying the bills; yet most of all they worry about their children. Will their children be devastated by the separation? Will their children’s lives be ruined? Will their roles as parents change forever?
Have you considered the tax consequences of your divorce agreement?
Most divorcing couples come to the table knowing that division of assets, time with children, and money are all areas central to reaching a settlement. Others are aware that they also need to address questions pertaining to health insurance coverage and even life insurance.Few, however, consider the tax implications of their agreements.
What Happens Now? Succession Planning for Family Owned Businesses
“Won’t Someone Take Over for Me?” read a recent headline in the Business Section of The New York Times (01/05/2023). In the article,Ben Dooley and Hisako Ueno relate the struggles and lack of opportunities for Japan’s business owners to plan for the succession of their businesses. As the authors state: “An aging society and falling birthrates leave owners of even the most successful businesses without clear succession.
Uncertain Times call for Creative Problem Solving for Divorcing Couples
At present, divorcing couples are being required to make decisions in the midst of an environment marked by uncertainty and even confusion. In addition to stock market volatility, rising interest rates, and inflation, couples are also facing the lingering impact of Covid-19 complicated by respiratory illnesses, and all exacerbated by continued political angst and tension.
When Unmarried Couples Separate – What's Best for the Children?
Separating married couples, with or without children, know that divorce requires the legal dissolution of the marriage. Divorce is not an action dictated by a couple’s decision to separate or by the parties entering into a written agreement. Divorce requires the court approval of the parties’ agreement, an agreement that incorporates terms for the division of assets and liabilities and the support of children and/or a spouse, just to highlight the key areas.
Post Divorce Haunts: Unresolved Issues or Changes in Circumstances come back to haunt Divorced Couples
Divorce agreements tell a story. The story speaks not only of arrangements for children’s living and times spent with each parent; it also delineates financial terms, which may include: Who gets what assets and who has obligations to others, be it individuals or institutions.
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