5 Questions You Need To Ask Before You Decide To Divorce – According to Dr. Phil

/in , , /by

1. Have you done everything you can to save and rehabilitate your marriage?

2. Do you have unfinished emotional business?

3. Have you researched, planned, and prepared yourself legally for divorce? Divorce can be complicated. It involves money, custody issues, child support, spousal support, and other legal aspects. You need to educate yourself, protect yourself and empower yourself; until you’ve done that, you’re not ready. For example, do you know how many bank accounts you have as a couple and individually? Any other marital assets you might be entitled to? Consult with at least three attorneys as you explore the option of divorce. “There are economic realities that you have to acknowledge,” says Dr. Phil, “but you are Read more →

Harold and Sue Ann Hamm Divorce For $18 Billion – Business Insider

/in /by

This could be America’s largest ever divorce settlement. The article attached reports that Mr. Hamm may be forced to sell his stake in Continental Resources in order to pay for the settlement to Ms. Hamm. While this is certainly a possibility I seriously doubt there is a real likelihood Mr. Hamm would have to sell his entire stake. In the perfect world the couple would have resolved their differences outside of court and been able to fashion a financial settlement that did not put Continental Resources in jeopardy.

With an estate of this size the couple could have found a much more economically sound, private and effective way of coming to an agreement outside of the court system which by design has limits to the types of orders they can fashion.

Harold and Sue Ann Hamm Divorce For $18 Billion – Business Insider.

 

5 Smart Steps to a Divorce in 2014

/in , /by
  1. Keep an eye on the mail-box. Every financial document that hits your mailbox in the month of January is worth your time. You should gather Bank and Brokerage account statements showing year end balances and the year end spending summary sent out by most Credit Card companies. You may also start to see tax documents being sent. If you aren’t sure whether the document is pertinent to your Divorce in 2014, keep a copy anyway just in case. Financial knowledge will equal power for your Divorce in 2014. The more you can get now the more prepared you will be to advocate for yourself and obtain the most financially advantageous settlement possible.
  2. Make copies of all financial files in your home including 5 years of tax returns, any Brokerage and Bank account Read more →

Military Divorce Rate on Downward Swing

/in , /by

A recent Rand Corp. study has found a direct correlation between frequency and duration of deployments and the likelihood of a military marriage ending in divorce. Read more at Marine Corps Times web site.

The overall military divorce rate in 2013, as reported by the Department of Defense, through September 30th was 3.4%. Compared to 8% in 2011. The DOD also reports the military divorce rate among enlisted men and women at 3.8% compared to 1.9% for officers.

The slowdown of the Iraq and Afghanistan missions is largely to Read more →