In Connecticut, child support payments are calculated based on a set of guidelines that consider the income of both parents and other relevant factors. If a parent changes jobs, their income may increase or decrease, which could affect their child support obligation....
Year: 2023
Can an individual still retire as planned after a divorce?
The financial implications of a divorce are often an individual’s primary concern as they seek to dissolve their marriage. They worry that they will lose assets worth tens of thousands of dollars or more, like their homes and investment accounts. Those who have set...
Can a parent be declared unfit for custody?
Divorce comes with several changes and difficult decisions. One of these is the decision regarding the child’s post-divorce custody and living arrangements. In most cases, the family court prefers that both parents be actively involved in the day-to-day affairs of...
Do entrepreneurs and business owners divorce more frequently?
Running a business can be far more involved than an “ordinary” full-time job. It can mean covering multiple positions, often without the salary that even one of those positions would command. The idea is that someone who develops their own business will have the...
What happens if you lose your job and can’t afford child support?
When you go through the process of divorcing, you’ll know that you have to make many decisions and commitments. When your children live with your ex-spouse, you’ll likely have had to come to an agreement on scheduled child support payments. Life can be unpredictable....
Can your dating life impact your child custody case?
As risky as it might seem, getting back into the dating scene after a divorce can be rejuvenating. And if you find love again following a failed marriage, you may feel obliged to let your kids meet your new partner. No law prevents you from finding love again after a...
Is your current custody order not working?
You and your former spouse came to the difficult decision to pursue a divorce. Despite not being easy, it was best for everyone. You were able to settle negotiations regarding the distribution of property, and there is also a child custody arrangement in place....
What difficulties come with going through a high-asset divorce?
It’s hard to define just exactly what is considered a “high-asset” divorce. A general rule, however, is that it applies to a separating couple with a net worth of around one million dollars or more. Given the value of your property, it can make the divorcing process...
Cohabitation during divorce: What to consider
You and your spouse have made the difficult decision to divorce – but your circumstances don’t make it easy for one of you to relocate immediately. Maybe you don’t have enough equity in the house to sell it right now, or maybe neither of you can afford the outrageous...
What happens to your stocks in a divorce?
You may have invested in a diverse portfolio of stocks as a means of generating revenue using your existing capital, or you may have invested strategically in specific stocks to support a company or a concept. The goal of investment is often to diversify how you hold...