Long, Murphy & Zung, P.A.

complex asset division Archives

Why commingling trust assets can affect your divorce settlement

When a couple divorces, a spouse having a significant portion of their assets tied up in a trust can cause the other spouse to feel somehow entitled to receive more of a settlement than half the marital assets. Oftentimes the nontrust-holding spouse will argue that receiving more from the divorce settlement is the only way of equalizing the playing field, financially speaking, between the two exes.

Factors to consider when dividing up a 401(k) during a divorce

Outside of a home, it's likely that one of your largest assets is all the money that's contained in a 401(k) retirement account. When you're facing a divorce, you and your ex will likely have to come to an agreement about how to split up those assets.

Why do I need a real estate appraiser to value my marital home?

Your home is likely the most expensive asset you and your soon-to-be ex share. Deciding how to handle whether you or your ex are going to continue living in it or sell it off post-divorce is likely a difficult decision. If one of you is going to stay in the house and buy the other one out, deciding what you're going to offer up in exchange for you keeping the marital home can also be taxing.

Splitting up assets during a gray divorce can get complicated

Divorce rates among those age 50 and older are on the rise according to to researchers at Bowling Green State University. In fact, they account for at least one-quarter of all marriages that end in divorce in the United States.

What becomes of your business when you divorce?

The divorce rates in the United States are staggering. Recent studies show that, among those who marry for the first time, 52 percent can expect to get divorced. Those who marry for a second or third time have an even higher risk of divorce at 70 percent.

Assets your spouse may be hiding from you as you divorce

Divorcing spouses are legally required to fill out disclosures enumerating their many different sources of income, debts they owe, expenses and other assets. Despite the risk of them losing their assets or even being criminally prosecuted if they don't, many spouses like to think they can be less than forthcoming in filling out these forms.

Handling the division of complex assets in your divorce case

When a partner first starts thinking about leaving his or her spouse, one of the first things thought about is how to divide up his and her belongings. Most commonly that involves deciding who's going to stay in the house, keep the cars or furniture and how they're going to split up the cash in the bank.

Breaking Free

Breaking Free

Rebecca Zung's road map for navigating the emotional, legal and spiritual challenges of divorce.

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I Want Me Back!

I Want Me Back!

John Long's guide for getting through divorce with your self-esteem intact.

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