Negotiating a High-Asset Divorce
In some cases, usually in short-time marriages when couples divorce young, there can be few assets that need to be split up. For example, a couple who rents an apartment, has already separated their bank accounts, has no children, and has little retirement or investment accounts can usually get a divorce quickly and inexpensively. However, for high-asset divorces, which are defined as divorces with assets totaling one million dollars or more, it can be difficult to negotiate a separation agreement between the parties. At Egan Law Center, we have extensive experience negotiating high-asset divorces, and some tips to share with those about to embark on this process.
Planning for Your Digital Legacy
An estate plan often focuses on tangible property such as jewelry, artwork, money, and vehicles. However, in this age of technology, it is important to remember to include your digital assets. Digital assets consist of everything we own online. Because we spend more time on computers and smartphones than we ever did before, you may not realize how much digital stuff you own, from photos and videos to online accounts, cryptocurrency, and nonfungible tokens (NFTs).
Gratitude During Hard Times
When life gets hard, the last thing on our minds is gratitude. Sometimes, it can feel like everything is conspiring to come together to make your life as miserable as possible. When you’re feeling down on your luck, it can be easy to focus only on the negatives.
What is SoberLink?
When a co-parent has an alcohol addiction or is in the stages of recovery, you may want to consider incorporating SoberLInk into your co-parenting agreement.
How Are Parenting Plans Decided?
Parenting plans are decided in matters such as divorce, modifications, and complaints for child custody-support-parenting time. Parenting plans are always decided with the child’s best interests in mind. What does this mean in practice?
How Cryptocurrency and NFTs Fit into Your Estate Plan
Five years ago, cryptocurrency was probably not on your radar. Today, it may be an important investment in your portfolio. You could even own some nonfungible tokens (NFTs), which are powered by the same blockchain-based technology. Despite the dizzying fluctuations in the value of these assets, you should ensure that they are included in your estate plan so you can preserve them for your heirs.
Divorce Doesn’t Have to be Scary With the Right Financial Plan
Have you ever heard of the saying, “It’s cheaper to keep her”? This saying is often said by men who are afraid to leave their wives because of the financial burden that accompanies divorce. While I certainly don’t think it’s smart to stay in a loveless marriage, I understand that there is this conception that divorce will leave you financially devastated.
Is your child struggling moving between houses during the school year?
Transitions can be tough for children, and even young adults. The change from one home to two can be emotionally difficult, but it can also cause some academic difficulties for children.
Filling Out the Financial Statement With Ease
For any legal matter in which there is any financial aspect involved (i.e. divorces, custody proceedings, etc.), each party is required by the court to fill out a financial statement, to be exchanged with the other party and filed with the court.
Is Alimony an Option For Me?
To start off, you may be wondering: What is alimony? Am I entitled to it? Alimony is payment from one spouse to another for financial support following a separation or divorce. It may be paid in one “lump buyout” or through smaller, continual payments.
How do you choose which school your children go to when divorced?
Once couples get divorced, many times one or both parents may move out of the school district where the children currently reside. So, which school district should the children be attending now?
5 Reasons Why We Love Family Law
There’s no better feeling than a major court victory for a very deserving client. Many of our clients come to us after being pro se and bullied by either opposing counsel or were not able to articulate their argument to the judge. The feeling of righting the wrongs that have been done for our clients makes all of the hard work worth it!
All About Postnuptial Agreements
Prenups are the agreements that get all the attention these days, but postnups can be the unsung heroes in marriages. While postnups are held to a higher standard than prenups when tested in the courthouse, postnups are often used to save a marriage that is headed to divorce.
What is the right divorce process for me?
Typically, there are two paths to divorce. The first way is called a “1a divorce”. A 1a divorce is the more amicable route to divorce. For a 1a divorce, the parties work together behind-the-scenes to negotiate a settlement agreement with the help from their attorneys.
Avoiding Burnout
“Burnout” is one of those buzzwords it seems the public can’t get enough of these days. While I still value productivity and hard work, I can get on board with some of the advice circulating in business groups on how to be mindful and efficient with the breaks you take in order to be the best lawyer, doctor, businesswoman, etc. that you can be.
Preparing for Plan B
I, like most people, have an estate plan that delineates who in my life I want to be guardians for my children, my pets, who I want to be able to “pull the plug” if I’m ever in that situation, who will get inheritances, etc.
Life as a Solopreneur
Owning your own business is a dream for many, including myself. When I first opened Egan Law Center after leaving a corporate job, I thought finding that ideal work-life balance would be so much easier.
Can I disclaim a relative from my inheritance?
Sometimes, clients come to our office not to specifically delineate their family members and loved ones in their will, but to intentionally disinherit, or “disclaim” certain family members from receiving any inheritance, or gaining the power to make important decisions, on your behalf.
Attention, Parents: It’s Time to Chat About Important Family Decisions with Your College-Bound Student
Let’s chat for a minute about what happens when your student heads off to college and inevitably turns 18. Aside from having a party and celebrating the momentous occasion of emerging adulthood, you’re going to need to consider what it means for them to have achieved adult status. Their new status allows them to vote, serve in the military, serve on a jury, sign a contract, and get married without your consent. They can be on the hook for loans or lines of credit (credit cards) that they take out. This is the time to talk to your student about credit cards, loans, financing, repayment, credit scores, etc. - all the fun things that come along with officially becoming an adult!
