Here’s how to protect a business from divorce

The number one way to protect your business from becoming a controversial issue in a divorce, is to enter into a prenuptial or post-nuptial agreement which clearly states how a business would be valued and/or distributed in the event of a divorce.
If an agreement is unlikely to be signed by your spouse-to-be, then before you marry, you should obtain an appraisal of the business (to the extent possible) which may at least show what the value was entering the marriage, so any appreciation of the business during the marriage would be more clearly identifiable.

Read More

How divorces among the rich differ from middle class divorces

Money makes divorce look a little different.
It is riskier to litigate high income cases in Court because there is less guidance from the law. Much of the statutory law applies to middle to low income families so when you have high income cases, the judges are given great discretion when they structure awards. This leads to inconsistency and therefore great risks as one judge may greatly differ from another.

Read More

Is the Upper East Side “wife bonus” a real thing?

Here’s a thing that 1) probably isn’t real and 2) if it is, exists mostly in Manhattan or a future Candace Bushnell series: The “wife bonus.”
New York anthropologist Wednesday Martin, a self-described “cultural critic at large in high heels,” flipped the collective stomach of feminism Sunday with the phrase in a New York Times op-ed. The accompanying illustration shows a man fastening a golden lock around a woman’s neck.

Read More

Can Jon Gosselin Seize Custody of Just One Child From Ex, Kate?

Scandal-magnet reality star Jon Gosselin is making headlines again. The Jon and Kate Plus 8 alum and father of eight is reportedly seeking custody of his daughter Hannah, 11, from ex-wife Kate Gosselin, who has had primary custody of their children since the couple split in 2009. 

During a visit to her father’s digs last month, the tween allegedly told Jon, 38, that she didn’t want to return home to the family’s mansion in Wernersville, Penn., citing “cruelty” from her mother, 40, whom she says is forcing her to film new episodes of their brood’s TLC series Kate Plus 8, according to tabloid reports. 

Read More