What is Palimony?

Palimony is similar to alimony in that it is typically monthly support payments made by one party to another after a breakup. Palimony is derived from the words “pal” as in friend rather than spouse and “alimony.” With alimony, there is a clearly defined and legal relationship, so alimony is easier to calculate and enforce.…

Effective Divorce Tips: Top Financial Mistakes To Avoid

According to a 2016 study by the American Bar Association, a majority of people who don’t go to a formal advisor for assistance with a civil justice situation neglect to do so because they believe they have “no need for advice” or that such advice “wouldn’t make a difference.” Getting divorced gives you something in common…

Do I Have to Give My Spouse Half of My Business if We Divorce?

Whether your spouse will receive any portion of your business in your divorce depends greatly on a number of different factors. Whether all or part of the business constitutes community or separate property, the length of your marriage, ownership of the business, and the longevity of the business are all factors that help determine how…