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…
The decision to divorce isn’t always cut and dry. While, in some cases, divorce is the best course of action, it remains a difficult decision. Only you know what is in your heart and the best way forward for you and your family. If you’re considering divorce, the following signs may help make your decision…
If you’re facing divorce as a Rhode Island resident, you’ll need to be well versed on your rights and options regarding health insurance. Generally, one spouse can’t remove their partner from a shared health insurance plan until the divorce is final. However, what happens following the Final Judgment of Divorce is a different story. While…
How long has it been since you terminated your marriage? Have your circumstances changed since then? While your divorce may last forever, your divorce agreement can change over time. There are many reasons to consider modifying your divorce agreement. Some examples include: a significant change in income that will impact child support or alimony payments…
Divorce cases involving children often require a court decision regarding which parent should have physical and/or legal responsibility for a child. Whether they granted joint or sole custody, physical custody (placement) designates where the child will actually live. The parent who the child resides with most of the time(at least 51%) is considered the placement…