Collaborative Divorce News

DIVORCE AND BANKRUPTCY

Many people cite divorce as the main reason for filing bankruptcy. If many of the couple’s debts are joint, and there are few assets that would be exempt under bankruptcy law, it is cost effective to file a joint bankruptcy to discharge marital debts. Bankruptcy filing fees are the same for joint and individual filings. […]

Categories: Bankruptcy & Creditors Rights, Mindful Divorce

IS A PRENUPTIAL AGREEMENT NECESSARY?

BY ROCHELLE BOBMAN, ESQUIRE A Prenuptial Agreement (“ prenup”) or antenuptial agreement is a contract entered into prior to marriage which provides for the division of property and spousal support/alimony in the event of divorce or death. It can also determine how finances will be handled during the marriage. In the absence of a prenup, […]

Categories: Family Law

WILL AND ESTATE PLANNING – WILL DO’S AND DON’TS

Don’ts Do not Designate a minor (child or otherwise) as the beneficiary of any life insurance policy, retirement plan, IRA, etc. By doing so, money will end up in a sequestered bank account, earning (currently) 1.5 percent interest. There are no withdrawals from the account without court approval. When the minor attains 18 years of […]

Categories: Wills and Estates

COMMON CREDIT REPORT ISSUES

COMMON CREDIT REPORT ISSUES RESULTING FROM DIVORCE The divorce process can be very stressful, particularly when you are faced with significant marital debts. No matter what stage you find yourself in the process, you should take steps to protect your credit and credit score. The Fair and Accurate Credit Transaction Act allows consumers to obtain […]

Categories: Bankruptcy & Creditors Rights

REMOVING A SPOUSE’S NAME FROM A MORTGAGE OBLIGATION

When spouses who are jointly obligated on a mortgage are going through a divorce, options with regard to the existing mortgage are very limited. A refinance by one spouse will effectively remove the other spouse from the mortgage obligation and may result in a cash buyout if there is sufficient equity in the home. Sale […]

Categories: Family Law

RIGHTS OF GRANDPARENTS UNDER PENNSYLVANIA CUSTODY LAW

Grandparents custodial rights were clearly defined by the enactment of the 2011 custody statute and modifications to the Rules of Procedure. A grandparent may file for custody only if he or she is “in loco parentis” to the child (acting as parent to the child), or if he or she can prove that the relationship […]

Categories: Family Law

THIS INTERESTING ARTICLE ABOUT COLLABORATIVE LAW WAS IN THE INQUIRER A FEW WEEKS AGO

By Debra Denison Cantor and Ann V. Levin While many associate the word divorce with painful and messy, a new emphasis on conflict resolution has led to a specialty known as “collaborative divorce.” Gaining traction in Pennsylvania as well as being part of an international movement, collaborative divorce is saving clients time, heartache, and often thousands of dollars. Under collaborative […]

Categories: Mindful Divorce

HOLIDAYS AND VACATIONS

Most Custody Agreements provide for an odd/even year designation with regard to holidays and special events. This helps the parents and the court, if necessary, keep track of who has custody for a particular holiday for a given year and provides the parents with the ability to make plans in advance.  The Custody Agreement should […]

Categories: Family Law

CONTINUING OBLIGATION TO REPORT CHANGES IN INCOME

If you are paying support through a domestic relations department, you have an affirmative duty to report in writing material changes in income.  If you are receiving support paid through a domestic relations department, you should file a Petition to Modify immediately after learning of any misrepresentation in income by the other party. Delay in […]

Categories: Family Law

PARENTING PLAN GUIDE ARIZONA SUPREME COURT

This guide for parenting time is intended to provide helpful  ideas in making decisions about parenting time. A parenting  plan is a document that states when the children will be with  each parent (parenting time) and how major decisions will be  made (legal custody). This guide provides sample plans for  parents to use in reaching […]

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