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Do I Still Pay Alimony If My Ex Gets Remarried?
/in family law/by Kirk Drennan LawThe decision to divorce isn’t one that goes away once the final settlements are signed. In fact, the financial fallout of a divorce could affect you for years or even decades. If you’re a high-earning individual with a low-earning or homemaking spouse, it’s likely that you’ll be ordered to pay periodic alimony. This generally doesn’t […]
Why More Couples Are Divorcing at Older Ages
/in Divorce & Family Law/by Kirk Drennan LawThere’s a widespread belief that the first seven years of marriage are the hardest. Some experts say that if you make it through the first seven years, your marriage is likely to stand the test of time. However, recent research pushes back against that claim. A growing number of Americans are divorcing at much older […]
How COVID is Still Complicating Divorce Proceedings
/in Divorce & Family Law, family law/by Kirk Drennan LawCOVID-19 has been throwing a wrench in divorce proceedings since early 2020, and many people are surprised to find out that these same issues exist over two years later. While the court system is processing cases now, divorcing and divorced couples are still dealing with the aftermath of a global pandemic. Has COVID-19 affected your […]
Dividing a Variable Annuity in a Divorce Settlement
/in Uncategorized/by Kirk Drennan LawThe division of assets is an important part of your divorce agreement. The compromises you make here will have a long-lasting impact on your financial security, so it’s crucial to understand the implications of each decision you make. Variable annuities are a fairly common part of many retirement portfolios, so you may need to look […]
How an Inheritance Can Impact Alimony Payments
/in family law/by Kirk Drennan LawTo start, you have to know how inheritances are handled during a divorce. Even if an inheritance is received during a marriage, it is generally considered a separate asset. It usually stays with the person who received it, since it is a gift. This means that, as far as the division of assets goes, the […]
Does An Extramarital Affair Affect a Divorce in Alabama?
/in family law/by Kirk Drennan LawThere are no circumstances in which divorce is easy, but a marriage ending because of an affair may be one of the most painful options. Not only does the faithful partner have to grapple with the end of their marriage, but they must also face the betrayal of infidelity. In most states, infidelity has no […]
The Potential Benefits of Mediation in a High Asset Divorce
/in Divorce & Family Law/by Kirk Drennan LawYou’re getting ready to divorce your partner, but you’re not sure what’s going to happen to your portfolio of assets. Whether or not you anticipate a big fight, it’s important to prepare for any possible outcome. The more money you and your partner have, the more you have at stake when it’s time to negotiate […]
Big Life Changes to Consider After a Divorce
/in Divorce & Family Law/by Kirk Drennan LawYou’ve made the decision to move forward with a divorce, been through rounds of negotiation, and the end is in sight. You’re likely feeling relieved, hopeful, and perhaps a little stressed. Rather than focusing on what you’ve lost, this is the perfect opportunity to focus on what new things you can experience and what type […]
The Growing Issue of Cryptocurrency During a Divorce
/in Divorce & Family Law/by Kirk Drennan LawWhen you read the news, you can’t go more than a few articles without seeing terms like Bitcoin, Ethereum, and Dogecoin. Cryptocurrency has exploded in popularity in recent years, and although it has seen some dips in recent months, it’s likely here to stay. If you and your ex-partner own cryptocurrency, either separately or together, […]
Protecting Your Children in a Second Marriage with a Prenuptial Agreement
/in Divorce & Family Law/by Kirk Drennan LawWhen people think about prenuptial agreements, they tend to think about what would happen to their assets in a divorce, forgetting that prenuptial agreements do not just cover divorce. They can also protect your children’s access to your assets if you pass away after getting remarried. In many states, if someone is married when they […]