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The Legal Implications of Grandparents Visitation Rights in Divorce Cases
/in Divorce & Family Law/by Kirk Drennan LawGrandparents are at risk of being left in the lurch during a divorce or custody battle in Mobile, AL. In some cases, parents use this time to bring up preexisting issues with grandparents and advocate for a limited time with them. In others, parents use a grandparent’s time with their grandchildren to hurt their co-parent. […]
Relocating With Children After a High Asset Divorce: What You Need to Know
/in Divorce & Family Law/by Kirk Drennan LawDivorce can simplify many aspects of your life, but parenting is not one of them. Co-parenting is challenging, even in the most amicable and flexible coparenting relationship. When you throw in an issue like relocation, your communication skills may be pushed to their limit. If you are considering relocation with your children, it is crucial […]
Do I Have to Tell My Ex or the Court If I Receive a Large Inheritance?
/in Divorce & Family Law/by Kirk Drennan LawWhen you get divorced, you get a certain amount of freedom from your ex. While you may still have children to co-parent together or share financial responsibility via child support or alimony, a divorce should give you some breathing room. But what happens if you receive a sizable inheritance? Does it have the potential to […]
The Impact of Divorce on Executive Compensation Packages and Stock Options
/in Divorce & Family Law/by Kirk Drennan LawCouples with substantial incomes or high-valued assets often have a long journey ahead of them when it comes to divorce. These circumstances can make the division of assets much longer, due to the challenges associated with fair valuation and equitable division. That’s why it’s important to work with a high-net-worth divorce lawyer in Birmingham if […]
Protecting Your Venture Capital Interests in High Asset Divorces
/in Divorce & Family Law/by Kirk Drennan LawWhen a divorce involves an individual or couple with an unusually high net worth, the financial details of that marriage often take months to unwind or figure out. People with this level of wealth often have an intricate financial portfolio containing many different types of assets. Creating an inventory of those assets, determining whether they […]
Fractional Ownership and Divorce: Timeshares, Jets, and More
/in Divorce & Family Law/by Kirk Drennan LawThe concept of fractional ownership is one that is often useful in divorce with high-value or unique assets. Fractional ownership grants both parties a percentage of ownership, which also allows them usage and income-sharing rights. For some parties, this is the ideal way to own an asset that they would otherwise not be able to […]
Dividing Art Collections in High Net Worth Divorces
/in Divorce & Family Law/by Kirk Drennan LawHigh net worth divorces in Birmingham, AL often involve a unique array of assets that aren’t commonly seen in other marriages. If you and your spouse have built up an impressive art collection during your time together, you may be concerned about its fate during your divorce. Beyond the aesthetic value of art, it has […]
How High-Profile Divorces Influence the Market Value of Public Companies
/in Divorce & Family Law/by Kirk Drennan LawDivorce does not happen in a vacuum, affecting only the couple’s relationship. It has a ripple effect on every other area of their lives, including their children, finances, career stability, and living situation. For couples who own and operate a business together, the consequences of a divorce can be significant. Splits involving corporate executives often […]
Unpacking the Complexities of Trust Funds in High-Net-Worth Divorces
/in Divorce & Family Law, family law/by Kirk Drennan LawHigh-asset divorces often involve complicated assets that are less common in standard divorce cases. Various types of trust funds are often split up during high-net-worth splits in Birmingham, but many different factors determine how these funds are actually divvied up. Trusts are established for a variety of reasons, including asset protection and estate planning. When […]
Mitigating the Risks of Business Depreciation During High-Asset Divorces
/in Divorce & Family Law/by Kirk Drennan LawDivorce is challenging in any situation, but when you and your spouse own a business, the situation is even more complicated. Your divorce threatens the stability and financial well-being of your business, and it’s crucial to plan for that as you navigate this difficult time. With careful planning and assistance from professionals, you can help […]