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Who Do You Need on Your Team in a High-Asset Divorce?

Know the Allies to Hire When Facing a High-Asset Divorce Featured Snippet: You need divorce lawyers, business specialists, and vocational experts when facing a high-asset divorce. Forensic accountants, and real-estate appraisers are other professionals to get on your team.   Property division is among the most complicated issues to navigate during a divorce. The more valuable the properties, the more complicated the division. In situations like this, you need experts to protect your rights, review your assets, and clarify your finances. Their expertise increases the chances of an equitable division. They also minimize disputes during the divorce proceedings by providing clarity to y ...

What to Expect in a Divorce Action

Gain Key Insights on Legal Proceedings, Negotiations, and Asset Division Featured Snippet: A divorce action generally involves initiating divorce proceedings, negotiation, trial preparation, and property distribution. It is a well-known fact that divorces are far from being one-size-fits-all cases. Much like every other situation in life, they vary greatly based on the unique circumstances surrounding each couple. Legally termed a "dissolution of marriage," many divorces are resolved without the need for contested courtroom proceedings. However, if negotiations fail, the case may proceed to trial. The complexity of a divorce typically revolves around two main factors: whether min ...

Mistakes to Avoid When Getting a Divorce

Featured Snippet: The most crucial mistakes to avoid when getting a divorce include parental alienation, hiding assets, and thinking divorce will be a big payday. Other essential pitfalls include retaliation, comparing your case to others, and humiliating your spouse when serving divorce papers.  The actions you take during a divorce proceeding can significantly impact the final outcome. Divorce cases in Indiana (or anywhere else) can be challenging and emotionally draining, so it is normal to feel anxious, angry or overwhelmed. However, allowing these emotions to dictate your actions may lead to undesirable results. One of the most helpful ways to prevent responding to situations emo ...

Child Support Calculations in Indiana and Kentucky

Featured Snippet: Child support obligations are distributed fairly between both parents based on their individual incomes and other data. The calculation sums up the parents’ incomes using weekly gross income as the basis. Child support calculations are about figuring out how much money one parent should give to the other for their children’s upkeep when separated or divorced. Discussions around child support are often tough because they involve emotions and money. However, understanding how child support calculations work can make these conversations easier. Both parents can set realistic expectations and have healthy discussions without feeling cheated or unfairly treated. It ...

How Businesses Are Treated in Divorce Actions

Discover What Happens to Your Business During a Divorce A divorce doesn’t center on kids and property only. It also focuses on something close to the hearts of many small-business owners: their businesses. Building a successful business takes a ton of effort, dedication, and patience, so when a divorce comes into the picture, it’s normal to worry about what happens to it. How will you share the property? Will your ex-partner get half of your company? The answer, just like many legal questions, isn’t always straightforward. In this article, we’ll explore the factors influencing the division of business assets and shed light on what you can expect as a business owner when navi ...

What is a Collaborative Divorce?

For many people, the process of going through a divorce is one of the most difficult times in life, especially when divorcing spouses encounter disputes about child custody, division of assets, and other terms of the separation. Divorce, dividing property, deciding what is best for children, and other family law issues are emotionally charged topics that are life-changing for everyone involved.  Fortunately, much of the stress and drama of a separation can be avoided by going through the process of a collaborative divorce. Collaborative divorce can make the process easier for everyone involved, and a consultation with an experienced family law attorney can help determine if it is right ...

Pitfalls of DIY Trust And Estate Planning Documents

Featured Snippet: The drawbacks of DIY trust and estate planning documents include inconsistencies, lack of flexibility, asset omissions, vague provisions, and they may not follow the laws of your home state. In addition, they lack proper consideration for future challenges and opportunities.  We live in a fast-paced digital world where we prefer that many tasks be done quickly. However, the consequences of downloading online forms and templates for trust and estate planning outweigh the speed and convenience it offers. Without a thorough approach and the guidance of a professional, DIY trust and estate planning documents can cause legal complications which, in the future, may cause you ...

How to File for Divorce in Indiana

Divorce is one of life’s greatest stressors, and the process can often seem confusing and complicated, especially if there are issues such as shared children, homes, and assets involved or grounds for contention. Even if you and your spouse agree on most issues, you need to ensure that everything is done in accordance with Indiana law, including meeting residency requirements, filling out and filing required forms, and dealing with issues and working out any problems that may arise during the process. While it is important to know how to file for divorce, making mistakes in the process can be costly and prevent your divorce from being finalized in a timely manner. That is why it can be ...

What Is Considered an Asset in Divorce?

After a marriage ends, countless questions typically arise. One of the first questions many couples ask our divorce attorneys is, “What exactly are considered assets in a divorce?” In Indiana, any property is considered an asset during a divorce settlement, regardless of how it was obtained. Because Indiana is not classified as a community property state, none of your assets will be considered community property. Divorce usually results in a 50/50 division of assets, but some circumstances can result in an unequal distribution, depending on various contributing factors. What Are Considered Assets in a Divorce Settlement? Joint ownership is established for any and all assets, and in ...

Do All Assets Have to Pass through Probate?

Some assets pass through probate when an asset holder dies. However, not all assets must be forced into probate. Sometimes a will is not the ideal mechanism for ensuring that your assets are efficiently passed to your loved ones. We outline everything you need to know about the probate process and its effects on your assets. What Is Probate? Probate is the name of a legal process that is set in motion after someone with assets dies. The court analyzes the deceased's estate and oversees the transfer of estate assets to the new owner. Probate can occur with or without a will. However, if a will is involved, its validity is also determined. During probate, the court names an executor o ...

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Does It Matter Who Files for Divorce First?

While Indiana is a “no-fault” state, so you do not have to make any allegations against your spouse to file for divorce, it still may matter whether you file for divorce first.

Even when both spouses want to divorce, it can be a scary time as you are embarking on a new chapter of life. You have several unknowns ahead of you, such as how long the divorce process takes, whether your[...]