Hottell Family Law Group, P.C.
Contact us today to consult with an attorney about your legal circumstances
571-308-2225
Email Us

April 2018 Archives

Tax questions to answer before accepting a settlement

Despite what you may feel about how your divorce is going, settlements are very common. In fact, only a small percentage of contested divorces actually go to trial. However, before any settlement offer is accepted (or rejected), it is critical to understand whether such a compromise will make financial sense.

Should a bankruptcy come before divorce?

Money problems commonly lead to marital discord and then to divorce. For potential divorcees who are swimming in debt, questions may arise as to whether they should file for bankruptcy prior to divorce. After all, they probably know that the divorce could involve prickly arguments over who was responsible for particular debts, and how to divide it. At the same time, a bankruptcy could eliminate troublesome debt with one fatal swoop.

Can I protect my business in a divorce?

It is not uncommon for entrepreneurs to refer to a business venture as "their baby." After all, they may have nurtured it from birth, putting in long hours and spending nights tending to it as if it were an infant who was totally dependent on its parents. As the business grew, the entrepreneur became proud of its accomplishments and even entrusted its growth to other people. Suffice it to say, the relationship between an entrepreneur and a business may become more important than the entrepreneur's marriage.

What should I expect in discovery?

It almost goes without saying that divorces can be contentious. The emotions of a marriage gone bad can spill into the proceedings and make even routine exercises seem vindictive. When it comes to the process of discovery, emotionally wounded parties can take things very personally. This is probably why discovery is arguably one of the most contentious parts of a divorce.

back to top