McKinley Irvin Blogs from March 2019

  • How Does Wealth Affect Divorce?

    How Does Wealth Affect Divorce? A dissolution of marriage is, in many ways, like the dissolution of a business when it comes to assets and property. The financial holdings of the divorcing couple must be identified, valued, and distributed between the parties. When a divorce involves a hefty financial portfolio, each of those steps are more time-consuming and resource-intensive, often taking years to resolve. There are even more ways in which wealth will affect the divorce process: Marital Agreements Are Often a Factor Wealthier couples are more likely to ...
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  • The Good, The Bad, & The Ugly: Why You Should Tell Your Divorce Lawyer Everything

    The Good, The Bad, & The Ugly: Why You Should Tell Your Divorce Lawyer Everything Full disclosure isn’t always in your best interest, but when it comes to discussing your divorce case with your attorney, you should always tell the complete truth. The issues of your divorce are personal, and you may feel the need to protect your privacy. If your divorce lawyer doesn’t know everything about your case, however, it could make the process even more difficult. In fact, keeping important information from your attorney will often wind up hurting your case. Before you decide to withhold information from your ...
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  • Am I Responsible for My Spouse’s Gambling Debt?

    Am I Responsible for My Spouse’s Gambling Debt? Gambling losses can have a devastating and lasting effect on your life and the lives of those around you. In some cases, a person’s gambling debt might even be cause enough for a divorce. In any case, if you are getting a divorce and your spouse has acquired debt through gambling, you might be wondering what will happen to that debt once you split. Will your spouse be responsible for all of it, or will you be asked to pay a portion? During a divorce, all shared property is divided between the two spouses, and this includes ...
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  • Divorce & Age: What’s the Connection?

    Divorce & Age: What’s the Connection? Can your age play a part in determining whether or not you will get divorced? Statistically speaking—yes, it could play a major role. Nobody plans to get divorced when they marry, but there are certain trends that may indicate a higher likelihood of a marriage ending in divorce if the couple marries at a specific age. Statistics show that millennials and couples from generation X have lower divorce rates than their parents, the baby boomers, which tells us quite a few different things about how age relates to divorce. And, ...
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