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October 2016 Archives

Minimizing the impact of divorce on a family business

Many couples in New Hampshire have shared professional goals. In some cases, these goals include opening a family business together. As approximately 40 percent of couples married for the first time will ultimately seek a divorce and the vast majority of businesses in the United States are considered small businesses, many couples seeking to untangle their personal relationships must also manage their business relationships. Despite the complexities of doing so, there are ways to protect the family business during the end of a marriage.

Court ruling invalidates high asset divorce

For many people in New Hampshire and across the country, the decision to seek a divorce is a complex one at which they arrive only after serious consideration. Once the decision is made, the process is typically fairly standard. However, those with a high asset divorce can experience complications that can require the help of an experienced attorney in order to properly resolve them. This could be especially true for those that involve international spouses. In fact, one woman has recently found herself still married after a previous divorce declaration was overturned.

Managing a high asset divorce in New Hampshire

Following the news of the recent split of Angelina Jolie and Brad Pitt, many people in New Hampshire are wondering about the division of assets in a divorce. Depending on a family's individual situation, a high asset divorce can be complicated, potentially lasting for a great deal of time and requiring a team of experts to work out the details. While such divorces are often portrayed as acrimonious, many couples are able to peacefully work though the details of their finances to determine how their assets will be divided.

Many over 50 in New Hampshire choose divorce

When couples take their wedding vows in New Hampshire, they likely do so with the intention that they will spend the rest of their lives together. However, even after decades of marriage, people are choosing that the best choice for their lives is to seek a divorce. In fact, approximately a quarter of divorces involve people who are over the age of 50.

Protecting retirement assets during a "gray" divorce

With the divorce rate in America hovering at 50 percent, chances are good that you or someone you know may face divorce. No one wants to experience divorce, but it is a good idea to prepare for and guard yourself against adverse financial situations. As you age, it is important to understand and know how to protect your retirement benefits. For couples over the age of 50, it is unlikely that you will have to battle over custody, but you could find yourself fighting to retain ownership of your 401k.