Raiford Palmer Shares Divorce Secrets of the Wealthy on the Let’s Get Legal Podcast with Jon Hansen
Raiford Palmer joins Jon Hansen on Let’s Get Legal Podcast to reveal why the rich opt for out-of-court divorces, discuss Divorce Month, property division, inheritances, and the role of mediation and collaborative practices.
A Prenuptial Agreement May Not Cover All Aspects of Your Divorce
Savvy couples who have assets or dependents take the time to create a prenuptial agreement before getting married. Unfortunately, if these same couples may find that the agreement does not cover all aspects of their divorce. The occurrence of this is relatively rare. However, it can be a shocking surprise for those that thought everything […]
What You Need to Know About Business Valuation in Divorce
In divorce, a couple’s assets are valued and equitably split. Even without a business, this process can be complex and full of contention. When you add in the intricacies of a closely held company, the valuing and splitting of a marital estate becomes even more complicated. If you are planning on filing for divorce, understand […]
Special Considerations in High-Net Worth Divorces
While any divorce has the potential to become complicated, high-net worth divorceshave more potential for complications than most other types of cases. Because the assets and property of high-net worth couples are often more diverse and the financial stakes are so much higher, a divorce needs to be approached differently. Protecting Assets Illinois law has […]
Tax Issues in High Net Worth Divorces
A considerable amount of time is spent dealing with the division of marital property in most divorces. However, high net worth divorces offer other particularly challenging factors. High net worth individuals often use a complex network of legal entities, asset classes, and tax shelters in their financial matters. Therefore, during the property division process, it […]
Doing the Math: The Division of Corporate Marital Property
When a couple gets divorced, it is not merely the individuals in the marriage who go their separate ways. Marital property must also be divided in a process known as “equitable distribution.” At first blush, this undertaking may sound like a simple splitting of assets. However, in truth, equitable distribution often involves contentious determinations of property value […]
