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July 2018 Archives

How to be a good co-parent after a divorce

Parents in Pennsylvania who are getting a divorce should learn to work together in a way that prioritizes the best interests of the child. To that end, they should try to establish rules between their households that are consistent. The rules may need to be fairly general since disputes over parenting styles may have partially caused the divorce.

Considerations for estate planning for entrepreneurs

An entrepreneur in Pennsylvania may find themselves facing conflicting urges when it comes to estate planning. While one might see a great future for their business, they may also want to give a large bequest to their children. In addition, an entrepreneur could be troubled by the thought that their child will eventually be in charge of the family business, especially if they have never shown much interest.

Do you need a forensic accountant?

Some divorces are simple. Marital assets up for dividing include the house, cars and bank accounts. But for many couples, a few pieces of furniture and some credit card bills do not cap off their list of belongings. 

Dividing an inherited IRA during divorce

California residents who have gone through a divorce know the challenges associated with dividing property and assets. A relatively new phenomenon has added a wrinkle. It is that of dividing inherited individual retirement accounts. In truth, no one is sure if an inherited IRA can be split during a divorce. In some locations, however, this is what is already happening.

How to financially plan for life after marriage

Ending a marriage can lead to significant financial and emotional turmoil. Ideally, Pennsylvania residents who are in this position will address the potential financial changes that a divorce can bring head on. This means taking a look at how much money they are making as well as what a person's expenses are after the marriage ends. It can also be worthwhile to account for paying off some or all of joint debt accrued with a former spouse.

What is a Durable Health Care Power of Attorney?

Life comes with unexpected twists and turns which is why it is crucial that you plan for the unknown. For example, you may experience a medical emergency where you cannot make your own health care decisions. For most people, they want to decide who will make these choices for them and designate an agent through a durable health care power of attorney. If you do not designate an agent, the law will appoint an agent according to default surrogate consent laws. If you want to take control and bypass these laws, you should know your options before you put your wishes down on paper. 

Why women are the main initiators of divorce

Women are typically known for being relationship-oriented and more focused on settling down with a marriage partner than their male counterparts. Although there are plenty of gray areas to this, men are conversely known for their hesitancy with commitment. However, when couples do get married, studies have shown that it is the woman who is more likely to initiate a divorce nearly 70 percent of the time.

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