The general rule with an inheritance is that it is not marital property, but separate property. Say your parents leave you $100,000 when they pass away. Later that year, your spouse files for divorce. Most of the time, the court looks at that $100,000 as separate...

Month: November 2019
Why wait until after the holidays to file for divorce?
Is your marriage over, but you and your spouse haven't taken steps toward divorce yet? If so, it can seem fake to plaster on your "happy face" and smile through all of the holiday events that are coming up.Here are some reasons why you might want to try anyway: 1. You...
How to divorce privately
Going through a divorce is a very personal process that is ideally kept between you and your divorcing spouse. While you will want to talk to close friends and family about the issues you are facing, you will not want the intimate details regarding your divorce to...
Are Americans sliding deeper into debt?
There have been some big bankruptcies in the news lately, from Dean Foods (the nation's largest producer of dairy milk) to luxury New York retailers, like Barney's. However, there are plenty of other bankruptcies in the works, as well -- although they get a lot less...
What aspects of my finances can bankruptcy fix?
Bankruptcy can be a great solution for those who are drowning under ever-rising debts. Those who are unable to keep up with loan repayments and interest will suffer from the additional fees and implications that come with the terms dictated by creditors. While...
Navigating the minefield of a blended family during the holidays
Every year, the holiday season can cause a considerable amount of stress for families of all kinds. Distant family members may be thrown together with people they simply don't enjoy being around. Newly divorced couples often struggle to figure out their "new normal,"...
Important things to consider when starting a joint venture
Starting a joint venture can be a great way to collaborate and build a successful business. When working as a team, you and your partner will be able to mutually benefit from each others' skills, and you'll likely be more efficient as a result.However, joint ventures...
Could medical marijuana cost you custody of your child?
Although the first recreational dispensary in Michigan has yet to open, the state is among the newest to legalize the use of marijuana. It already had a robust medical marijuana program for about a decade.Yet, parents who are involved in a potential custody dispute...