What you need to know about the growing trend of divorce over 50 – the special issues, potential complications, and financial implications. By Stacy Statkus, CVA, CDFA, CFE, JD May 4, 2018 Would it surprise you to learn that the largest segment of the population getting divorced in the last decade or so are those over 50?  There are a number of reasons for the growing “Gray...
By Amanda S. Trigg What is lump sum alimony and do I want it?   When celebrities divorce, it makes headlines and makes questions for all of us.   Recently, Dennis Quaid agreed to pay his wife, Kimberly Buffington-Quaid, $2 million as “lump sum alimony.”   Without knowing the details of their deal, it seems that Ms. Buffington-Quaid will receive $2 million...
In the midst of a divorce settlement, it's natural to focus on dividing property and maintaining income. Too often, wealth "planning" ends with cancelling joint credit cards and closing joint checking accounts — rarely does it involve a thorough review of other important estate planning elements, like trusts. Dissolving a marriage is likely to change your client’s plans...
For over a quarter-century a parent who had the primary responsibility for rearing a child could readily relocate out of the state if the relocating individual simply demonstrated a good faith reason for the move and that that move would not be inimical to the children’s interest. It was not a substantial burden because of the predicate expressed in the case of Baures v Lewis, 167 N.J. 91 (...
By David Rudman, CPA/ABV, CVA Sigma Valuation Consulting, Inc. Attorneys who represent clients in marital dissolution cases may discover that their clients are in the business of owning and/or managing alternative assets. Two of the most common types of alternative assets are private equity funds and hedge funds. While their structures are similar, investment terms and the criteria for...