Parties to a divorce frequently feel that they are biting off more than they can chew. The reality often is that the two parties living separate lives cannot live as economically secure as they did when they were together. Nonetheless, they often have financial obligations to one another following their divorce, and they have to either fulfill these obligations or ask a Court to change them. Child support is a particularly important post-divorce obligation, and a recent child support case in Italy serves as a good teachable moment.
New Jersey Family Law Resource
A divorce action involving a physician often entails complex issues pertaining to a forensic valuation of a medical practice or a cash flow analysis to ascertain the true income for a physician with his or her own medical practice. The value of a physician’s practice and the claims that a physician’s spouse will make toward same are issues that doctors face in the event of a divorce. It is important for the physician and the spouse of the physician to retain sophisticated legal counsel with substantial experience in divorce actions involving a medical practice. Similar to the medical industry, just like all doctors are not the same, attorneys offer different levels of skill and expertise.
A prenuptial agreement is essentially a contract entered into by two parties prior to their marriage. This contract attempts to govern each individual’s rights and obligations should the marriage eventually terminate. The rationale for why individuals enter into these agreements can vary widely, and are usually utilized to clarify both individuals’ expectations, help avoid uncertainties and help alleviate fears or either party prior to entering into the marriage. However, most often, a party desiring a future spouse execute a prenuptial agreement typically wants to protect something, and that, more often than not, is money.