Starting a new business can be an exciting venture. However, few people consider the consequences divorce can have on business assets. Do you know your rights? Do you know how the court will value your business? This article will help you understand how business assets are distributed during divorce and circumstances that could impact the…
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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…
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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…
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If a parent is diagnosed with a severe medical condition requiring changes to a parenting plan, both parents are encouraged to come to a new agreement. If parents cannot agree on a new plan, the dispute can be addressed by the Family Court. When reviewing any custody agreement, a Rhode Island judge will always first…
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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…
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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…
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When divorcing, dividing assets can be a tedious process. Generally, both spouses are entitled to assets acquired and income earned during a marriage. This money is considered marital property and is subject to equitable division. The law in Rhode Island related to division of assets specifically excludes inherited property. However, after a person receives inherited…
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When a marriage ends, the divorcing couple must decide how to divide the marital assets. Unless otherwise outlined in a pre-or post-nuptial agreement, all assets acquired during the marriage are considered marital assets under Rhode Island law. This includes money as well as personal property, stocks, real estate, debt, and business interests. It can even…
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Generally the answer is no, however, a non-biological, non-adoptive parent who has acted in a parental role, and with whom the child identifies as a “parent” may be considered a de facto parent. A de facto parent is one who has no biological relation to the child but has participated in the child’s life as…
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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…
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