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How to prepare for a high net worth divorce

On behalf of Marcus Law Firm, LLC on Friday, June 14, 2019.

Going through a divorce can be an extremely challenging time in anyone’s life. It can be time consuming, emotionally draining and difficult to embrace the unknown. This can be even more challenging for high net worth individuals with a lot of assets on the line.

There isn’t a perfect rubric for how to best navigate through a high net worth divorce, but you can make sure that you’re prepared. Putting together a plan of how to approach the situation can make a difficult situation easier and reduce the stress commonly associated with divorce.

Important factors to include in any parenting plan

On behalf of Marcus Law Firm, LLC on Friday, March 8, 2019.

After a divorce, you may never want to deal with your ex-partner again. Unfortunately, if you’re a parent you usually won't have that luxury.

A quality parenting plan can help you minimize the conflicts between both parents, as well as helping everyone stay on the same page. Here are a few key aspects to have in any parenting plan:

How can I reduce the legal fees for my divorce?

On behalf of Marcus Law Firm, LLC posted in divorce on Thursday, January 17, 2019.

  1. Hire an experienced family law lawyer. They will be able to give you realistic, straight forward advice and won't charge you an arm and leg to research an answer for a question which they deal with daily
  2. Be organized. You will need to provide your attorney with financial documents including statements for any financial accounts or bank accounts, tax returns, statements for your mortgage as well as statements for any money that you owe.
  3. Do not post any personal information about yourself, spouse or children on social media.
  4. Respond to your attorney promptly.

Federal Income Tax Exemptions for Children in Divorce

On behalf of Marcus Law Firm, LLC posted in divorce on Thursday, January 17, 2019.

You may have heard that there are no longer tax exemptions for minors in 2018. That is true and if it is your year to take the children as a tax exemption, you will find that exemption is gone. However, all is not lost!

Instead of a tax exemption for children, the tax exemption is for families, $12,000/year for singles, $18,000 for head of household (single and claiming a dependent) and $24,000 for married folks filing jointly. If you are now single, the child that you could have claimed as a tax exemption may allow you to still reduce your bottom line.

3 factors that make military divorces unique

On behalf of Marcus Law Firm, LLC on Sunday, November 25, 2018.

If you are serving in the armed forces, you already know the ways in which your life is very different from your civilian friends and family. Trained to defend our nation, your job may require deployment upon short notice. While executing orders, you experience situations and events which you “can neither confirm nor deny.” Based upon your job responsibilities, civilians simply cannot relate.

While all relationships have their stressors, you likely have different job requirements affecting your relationship, which may cause additional strain on your marriage. Nobody needs to tell you a military marriage is much different than those of your civilian friends, but if your marriage is no longer working for you, you may wonder if a military divorce is different for servicemembers.

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12741 Horseferry Rd
Carmel, IN 46032
Phone: 317-578-2017
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