Making mistakes is a part of human nature. Luckily for most of us, our mistakes have never cost us $11 million dollars. Manhattan business tycoon Daniel Rosenblum can no longer say the same, after forgetting to sign his divorce paperwork cost him a sizeable fortune. Daniel Rosenbaum, age 70, made his money trading sugar commodities.…
Divorce is not cheap, even in the best of circumstances. Paying attorneys’ fees on an hourly basis can get expensive, especially when there are children involved or when both partners own a substantial amount of property. If you are planning on getting divorced, there are ways to keep the price tag from getting out of…
Could virtual currency be a new way to hide assets during a divorce? Some legal observers worry that bitcoins may be the next new way to cheat the system and avoid full disclosure during a divorce or child custody case. Bitcoins were introduced as a virtual or digital currency in 2009. As of May 2016,…
While many people think prenuptial agreements are only useful for the rich and famous, these pre-marriage contracts also help regular people maintain their property and possessions in case of a divorce. These agreements can also determine whether or not one partner will receive alimony, which partner will keep the marital residence, and which partner will…
When you and your spouse file for divorce, how much of your case information is secret? Who has access to your information and what type of access do they have? In general, most court proceedings and records are open to the public. Anyone can attend a hearing in open court, and court records are available…
In Washington State, couples who are engaged to be married have the option of creating a prenuptial agreement. This agreement is a contract between the couple that determines what will happen if they get divorced. A prenuptial agreement can be used to pre-determine the amount of spousal support provided (known as alimony in other states)…
All divorces take time. In Washington State, a divorce must take at least three months because there is a mandatory 90-day waiting period before the divorce can be finalized. Many divorces last much longer, especially if there are conflicts over children or the division of property. As time goes on, anything can happen. If a…
The amount of child support a parent has to pay depends on the number of children he or she has, and the amount of money that he or she makes. However, not all income is included in child support calculations. Parents are allowed to deduct certain types of income and expenses from their gross income,…
If parents share time with their children equally, does one parent still have to pay child support? In the past, many judges awarded mothers primary custody of the children, while fathers were left with limited visitation schedules and an obligation of child support. Today, this is no longer the norm. It is not unusual for…