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May 2019 Archives

Lack of prenup may cost singer Adele millions in divorce

Pop singer Adele took her time in confirming that she was married to her financier husband. The pair waited five years after they started dating to announce that they were married. Now, the couple appears to be on the verge of divorce, and Adele faces the loss of many millions of dollars because she and her husband apparently did not sign a prenuptial agreement. No divorce proceedings have commenced, but observers of celebrity marriages are already talking about the amount of money that Adele will be required to pay to Konecki if the high asset divorce is filed in California.

How a forensic accountant can ensure a fair property division

Most residents of Sacramento who are thinking about ending their marriage may think they can go through the process alone with minimal professional help, but this might leave them at a disadvantage. Experts, such as a forensic accountants, can be very helpful during the divorce profess. This branch of the accounting profession is not well known, but an expert forensic accountant can be an essential part of a winning divorce team.

Why have a prenuptial agreement?

Marriages are generally regarded as times of celebration and optimism toward the future. Why spoil these good feelings with the suggestion that the couple execute a premarital agreement? Don't such agreements deal with the consequences of divorce, not marriage? And don't prenuptial agreements, by their very nature, conflict with the emotions that have led to the decision to marry? While the answers to the last two questions may seem like a "yes," premarital agreements can promote marital stability and happiness by eliminating questions about the division of property in the event of a divorce.

Consider your credit in a high asset divorce

Sometimes, relationships and financial accounts don't mix. This can be true when you and your now estranged spouse are thinking about or going through a divorce. Most married couples share some financial assets and responsibilities that can include bank accounts, mortgages and credit cards. Since California is a community property state, there can be additional things to consider in terms of finances, separation and divorce.

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