Job loss, social isolation and the news in general put a lot of strain on people over the last year. As stress levels rose, a significant number of Americans decided to adopt a pet to help their mental health. For the most part, it looks like that idea worked. Many...
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Divorce
Could your spouse be concealing significant assets in cryptocurrencies?
An article published by CNBC earlier this month highlights how an increasing number of people are hiding their assets in cryptocurrencies so that they don’t have to turn them over to their spouses when they divorce. Now, there are an estimated 20 million Americans who...
What you should know about gray divorce
There has been an uptick in gray divorce, which involves individuals who are at least 50 years old ending a marriage. Some of these are shorter marriages, but many couples end marriages that have lasted for decades. While there are likely many reasons for the rise in...
The basics of an uncontested divorce in Virginia
You’ve done everything you can to reconcile your relationship with your spouse -- but neither of you are happy. You’ve agreed to divorce. That’s a good first step in the process. The more you and your spouse are willing to work toward uncoupling your lives as...
Academic success declines among wealthy children when their parents divorce
Researchers have long been investigating the impact divorce can have on kids’ development and other areas of their lives. In 2019, researchers at the University of California, Los Angeles (UCLA) set out to understand if divorce impacts some kids more than others. The...
Why bring up a spouse’s extramarital affairs in a no-fault divorce?
Virginia, like most other states, has a “no-fault” divorce option. That means that a couple can seek a divorce just because they have been living apart for at least one year if they have children who are under the age of eighteen. If there are no children or they are...
Deciding on your tax filing status if your divorce wasn’t finalized last year
Filing income taxes comes with a number of changes and considerations after divorce. However, what if you and your spouse haven’t finalized your divorce yet – or perhaps haven’t even begun it? Maybe it was finalized early this year. Unless you filed for legal...
A look at trends in divorce
Divorce, like most things, moves with the times. While divorce has become less frequent overall, it has become more common among those aged over 55. Why has divorce become less frequent? The rate of divorce is at its lowest in years. There are several reasons to...
Financial moves before you divorce that could hurt you
Most people considering divorce want to act carefully to protect themselves. Concerns about financial and custody consequences for divorce often necessitate careful strategy. Unfortunately, some of the financial decisions that might seem the most common sense and...
How is a business divided during a divorce?
Couples going through divorces often focus on the biggest assets when strategizing for their future or litigating with their spouse. Marital homes and retirement accounts often become points of contention for high-asset couples. Any business or professional practice...