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January 2016 Archives

The lessons that can be learned from star athlete divorces

Virginia residents are likely familiar with salacious media stories about the extravagant spending of superstar athletes. Networks pay billions of dollars to televise sporting events, and more and more of this money is finding its way into the pockets of star players. Few celebrity stories are as eagerly snapped up by the public as accounts of acrimonious divorces and nine figure divorce settlements, and the leading lights of sports including football, basketball, golf and tennis have all featured prominently in such headlines in recent years.

Advantages of a prenuptial agreement

The American Academy of Matrimonial Lawyers says that according to a 2013 survey it conducted, more than 60 percent of the attorneys who responded reported an increase in prenuptial agreements. Virginia couples may be among the many millennials who are in part driving the trend. Attorneys say this is the case even when both people are entering the marriage with few assets. They may want to protect themselves from becoming mired in a spouse's debts or in losing future earnings.

Getting over the difficulties of divorce

Many Virginians are doubtless familiar with the financial challenges that can come with a divorce. However, there are many cases where ending a marriage is nevertheless necessary for the well-being of all involved. Though there may indeed be hardships, these can be mitigated through an understanding of the means to avoid them.

Virginia student loan debt and bankruptcy

Virginians who have student loan debt through a for-profit school may already know about a common misconception regarding student loan discharge during bankruptcy. While bankruptcy does provide a fresh financial start in many cases, it does not usually apply to student loan debt. Generally, only student loans for institutions that are not accredited or private loans may be discharged. Most federal student loans are only given to accredited schools.

Custody issues surround second child of Bristol Palin

As many unmarried parents in Virginia already know, child custody is not only an issue for people who get divorces. Bristol Palin, daughter of 2008 republican vice presidential candidate Sarah Palin, has never been married, but she can expect a family court to rule on the arrangement of custody for her second child.

Legal assistance for Virginia domestic violence victims

Each year in the United States, 1.3 million women are assaulted by an intimate partner, and three women die every die because of domestic violence. While there are many causes of domestic violence, one way to help victims is to offer them legal assistance whether they can pay for it or not. Currently, a victim of domestic violence is not automatically granted access to legal counsel.

Loans unaddressed by divorce agreement create financial risks

Someone in the middle of negotiating a divorce agreement in Virginia should be careful to avoid leaving any loose ends hanging, especially loans or a home mortgage. Consider the scenario of two divorced people in which the ex-husband continues to pay the mortgage that still has the ex-wife's name on it. Although she lives elsewhere, she remains financially vulnerable in at least two ways.

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