Your Post-Divorce Financial Future
At Michelle M. Maciorowski Law, LLC, we can help provide a realistic outlook for your financial future, considering cost for obtaining or maintaining a residence, medical insurance costs and coverage, income from retirement assets and other investments along with associated tax issues as well as the availability of cash to begin your new life
Starting a Marriage in Debt
Weddings have become more lavish over time. Between the cost of engagement rings, extravagant ceremonies and receptions, the very process of getting married puts financial stress on couples. Starting out in debt creates strain early in the marriage. The more couples fight over debt, the more likely they are to divorce.
Challenges of Ending a Long-Term Marriage
Asset and Retirement Division
When parties have been married for more than two decades, property has usually become so commingled, it is difficult to determine, what, if any, has remained as a separate asset. Retirement assets are often both separate and marital, having been in existence at the time of the marriage. At Michelle M. Maciorowski Law, LLC, we work to value these assets properly, along with the growth on the separate value, in order to effectuate a proper division. (more…)
Long-Term Marriage and Divorce
It is difficult to separate when one is older; however now, like never before, individuals are seeking a “gray divorce.” (more…)
Financial Strain and Terminating a Marriage
Prior to, and during a marriage, parties acquire debt. When parties find themselves financially overextended, it cause stress in a marriage. In a divorce or dissolution, division of debt can be complicated. While some debt is separate, if acquired prior to the marriage, or is related to the educational costs of one party, marital debt must be divided upon termination of a marriage.
It is the equitable division of marital debt, and marital assets, that can complicate the legal process. At Maciorowski Law, we can help you navigate the complexities of properly assigning separate debt and allocating marital debt.
