The end of a romantic relationship almost always involves dividing up physical property. For those dating in high school or college, this might mean returning cds, a favorite sweatshirt and a book or two. In the case of a marriage, however, the financial consequences of ending the relationship are almost always more complex.
The end of a marriage not only takes an emotional toll on those involved, it also poses significant financial challenges. During divorce proceedings, spouses must determine what to do with a variety of assets, including the house. Given the financial consequences related to dividing this significant asset, decisions made regarding the house may be some of the most important aspects of any given divorce settlement process.
Celebrity divorce settlements are absorbing for many reasons. Beyond the gossip, it can be intriguing to consider, from a legal point of view, what issues may arise during the divorce when substantial income and assets are involved. Even though the divorcing couple may be quite wealthy, however, the division of assets for higher net-worth individuals and couples during divorce follows a similar process to that which anyone seeking a divorce would find. There are some additional issues, of course, such as the valuation of the assets and the determination of what earnings should be shared in the long term. Those extra steps can also add to the cost of the divorce itself.
For eight years, a New York cab driver has been fighting for child custody rights to his 10-year-old son after the boy's mother took him to visit her relatives in the Ivory Coast in 2003 and never returned him. Just this Tuesday, the 46-year-old father finally celebrated the end of this international child custody dispute when his son entered the arrivals hall at Kennedy Airport.
Listening to the lyrics of singer Katy Perry's hits like "California Gurls" or "The One That Got Away" will probably not educate you in all that much. But Pittsburgh readers who look past the tabloid headlines and think about her pending divorce from British comedian Russell Brand could actually learn a thing or two.
Divorces are often difficult for all parties, and it's not unusual for the divorcing spouses to get petty -- especially as divorce proceedings get underway and present all sorts of points of contention. As tempting as it may be to involve children in these battles, it can be very damaging to both the emotional well-being of the children and each parent's relationship with their children. Pittsburgh divorce lawyers note that there are several self-imposed rules parents should apply to themselves to ensure that their children remain a priority and are as unaffected by the divorce as possible. Following these rules will help children better handle the divorce of their parents in the short term as well as the long term.
Some Pennsylvania couples may be surprised to know that there may be another option for ending a marriage besides filing for divorce. They can follow in the footsteps of Kris Humphries, and other celebrities, who have sought an annulment for their marriages, rather than pursue a divorce.
Many Pennsylvania couples who have recently been through a divorce would simply like to put the past behind them. However, without proper planning, that could be a recipe for a financial disaster.
When divorce terms are finalized, all the financial details for each side are clearly defined and agreed upon with the understanding that all sides will adhere to the agreement. Unfortunately, this is not always the case; many divorcing spouses owing child support and/or alimony fail to fully pay their debts to their ex-spouse. Although this violates the terms of the divorce, it's something many former spouses ultimately get away with. Pittsburgh child support lawyers note that forcing a former spouse to continue paying child and spousal support can be difficult, and getting them to catch up on late payments can be even tougher. The costs involved with putting pressure on a spouse can also be a challenge to an ex-spouse living off a fixed income and without the income they are owed.
Star of David topped Christmas trees. That's what some people are doing after their divorce, in accordance with the child custody agreements they negotiated. A growing number of people seem to be adding interesting post-divorce requirements when it comes to raising their children.