When couples decide to divorce, they understand the assets accumulated throughout the marriage will need to be divided. Generally, both parties seek homeownership and other real estate holdings, high-value assets, and child custody during this process. However, when it comes to debt, couples are usually slow to take responsibility. No matter who is responsible for…
When considering divorce, there is a lot at stake. Many people are overwhelmed by the legal aspects of divorce, so this article will outline some common questions individuals ask during a Rhode Island Divorce. How much does a Rhode Island divorce cost? Wanting to know the cost of divorce is understandable. Unfortunately, the answer differs…
In any case involving children, Rhode Island courts always consider what is in the child’s best interest. The “standard” for determining the best interest is a complicated and multi-pronged process whereby the judge considers many things. The judge has the ability to weigh some factors greater than others. While it is generally presumed a child’s…
Starting a new business can be an exciting venture. However, few people consider the consequences a divorce can have on business assets and debts. Do you know your rights? Do you know how the court will value your business? Do you have any idea what will happen to the business assets and debts? This article…
As part of the divorce process, both parties are required to complete a financial disclosure. This ensures both parties have a complete picture regarding finances. The financial disclosure includes details about all assets and compensation, including and Restricted Stock Units (RSU) grants. Before understanding how RSUs are divided in a divorce, let’s review a few…
It’s not uncommon for unmarried couples to purchase a home together. However, when couples decide to terminate their relationship up and only one party wants to sell the property, it may be necessary to initiate a legal proceeding to resolve the equitable and financial interests in the property. When one party refuses to sell, the…
Splitting assets during a divorce can be an arduous task. To complicate things, the division of certain retirement savings accounts requires an extra step. DRO vs. QDRO Divorce proceedings often conclude with a domestic relations order (DRO) to lay out the division of retirement assets. Assets from a qualified retirement plan, such as a 401(k),…
Divorce can be a trying life event, but add filing taxes into the mix, and most parents are running for the hills. Not to worry, by the end of this article, all of your divorce tax filing questions will be answered. Filing Status Let’s start with filing status. For couples going through the process of…
When facing divorce, you may find yourself overwhelmed with the legal jargon used throughout the process. Add this frustration to the mounting stress and heightened emotion, and you may be left making poor decisions. While our firm is here to help guide you through the process and answer any questions you have, this guide can…
Generally No. Of course this answer is dependent upon whether or not you entered into an agreed upon settlement contract. If you and your spouse reached an agreement and that agreement was memorialized into a contract that was then approved by the Court, (often referred to as a Martial Settlement Contract) the short answer is…