Hartley, Maxwell, & Castellano Attorneys at Law
Let Us Help You. Call Today. 805-232-5808
Let Us Help You. Call Today. 805-232-5808

divorce and financial issues Archives

Wall Street exec to pay $4.1 million before divorce trial begins

Each divorce is as unique as the people involved. Some go smoothly with a fair and equitable arrangement, while others are more contentious. The Trafelets made the news recently when an appellate court judge in New York ordered hedge fund manager Remy Trafelet to pay $3.5 million in interim fees to his wife Lara. This is after $600,000 payment in 2017.

Three Uses of Financial Professionals in Divorce or Support Proceedings

Many times we read about the use of forensic accountants in Family Law proceedings, to either establish the marital standard of living, or income available for support or to value the community interest in a business. However, that largely looks into the past for analysis; as counsel, I believe we need to let clients know that we need to look at their financial future, as well.

What if a deceased’s life insurance policy lists an ex-spouse?

There are seemingly an endless number of details that need to be addressed during the divorce process and after. One that may slip through the cracks because it didn’t seem immediately pressing is changing the benefactor on a life insurance policy or other non-probate assets. Your will may have been updated, but perhaps non-probate assets like individual retirement accounts, insurance policies, annuities or mutual fund account were not addressed.

Setting aside money for college tuition in divorce

Divorce is a difficult chapter in the life of any family. Of course there is the emotional wounds that come when a couple realizes that one or both spouses no longer wish to be married. While this is life changing for both the parents and the children, the financial element of a divorce is also an important part of the new equation.

The new tax law has big implications for alimony payments

Many divorce decrees require one spouse to pay spousal support, or alimony, to the other. For the past 75 years, alimony payments were tax deductible. This was a boon for spouses who were responsible for making payments, as it considerably lightened their financial burden.

Don't forget these details in your prenuptial agreement

When you and your partner are planning a wedding, you are probably paying attention to the small details as well as the big picture. The big picture is obviously important, but it's the details that hold everything together.

Should you refinance your home after divorce?

Perhaps two of the most off-putting topics in the world are mortgages and divorce. Nobody particularly enjoys thinking about either one. Still, if you are going through a divorce and you are dealing with how to divide your home, these topics have probably been on your mind a lot recently.

How and why spouses try to hide community property

Hiding assets is not uncommon. It can be done for tax or privacy reasons, but it can also be used as a weapon in divorce. Hiding assets can complicate the process for awarding child support and dividing property, often with disastrous consequences.

We Are Here To Help. Contact Us With Your Concerns
Email Us For A Response

Tell Us About Your Issue

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Tell us how we are doing and Review Us

Office Location

Hartley, Maxwell & Castellano - Attorneys at Law
5700 Ralston Street, Suite 210
Ventura, CA 93003

Phone: 805-232-5808
Fax: 805-639-0500
Map & Directions

Hartley, Maxwell, & Castellano Attorneys at Law