Showing 3 posts by Benjamin M. Williams.
Turning Lead into Gold: The Legal Chemistry of Converting a Separate Business into a Marital Asset
While we as attorneys may have personal relationships with our clients, we generally advise them in a professional capacity and maintain our focus on business. When a client is getting divorced, business and personal concerns inevitably collide as courts are called upon to make determinations about a couple’s income, liabilities, and assets, which may include a closely held, private business. Read More ›
Categories: Contracts, Divorce, Post Judgement, Startup
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Striving for Fairness – How do Courts Deal with a Couple's Ongoing Financial Obligations During Divorce Proceedings?
During the divorce process, questions regarding finances will inevitably come up: How will our finances work while we’re getting divorced? Who is going to pay the mortgage, credit card, daycare, school tuition? Can I pay my attorney out of a joint account? Can I still take the kids on spring break? It’s only natural when thinking about a huge life change to worry about finances. This is true even for individuals earning significant incomes and high net-worth couples. This article provides a short explanation of two tools that courts use to assist couples to help manage their finances during divorce proceedings – status quo and attorney fee contribution orders. Read More ›
Categories: Divorce, Post Judgement
Whose Bonus Is It? – When May a Bonus Received After the Marriage Form Part of the Marital Estate?
For many couples, a spouse’s bonus is both a sign of an employer’s appreciation for the employee-spouse’s hard work and a significant portion of his or her total annual compensation. Because bonuses are often not paid out until months or years after entry of a divorce judgment, divorcing couples often ask the question – Whose bonus is it? Is a bonus part of the marital estate, divisible at settlement, or separate property, payable solely to the spouse who earned it through hard work? Read More ›
Categories: Distribution, Divorce
