The division of marital property can be complicated when there are liens involved. Liens can be placed when a spouse owes an unpaid debt such as taxes, child support or alimony that is not a part of the current marriage. In order for communal property to be sold, it...
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High Asset Divorce
Financial battles and deception in divorce
On Behalf of The Law Offices of James A. Cuddy, LLC | Jan 8, 2014 | High Asset Divorce
Connecticut couples facing divorce proceedings may be aware of the difficulties of arranging appropriate spousal and child support. Some think that having a prenuptial agreement absolves them of the need to negotiate in the future, but a recent divorce case suggests...
How an ex-spouse’s tax mistakes can affect the other spouse
On Behalf of The Law Offices of James A. Cuddy, LLC | Dec 6, 2013 | High Asset Divorce
Connecticut residents who are planning for or are going through a divorce may be interested in how they could be affected by their ex-spouse's tax penalties. The bad news is that the Internal Revenue Service considers any penalties related to a joint return to be the...
Rupert Murdoch’s high-profile divorce settlement
On Behalf of The Law Offices of James A. Cuddy, LLC | Nov 21, 2013 | High Asset Divorce
According to insiders, media titan Rupert Murdoch is finalizing the terms of his divorce from his wife of 14 years, Wendy Deng Murdoch. Connecticut residents may not have known that among their high-asset real estate holdings, the Murdochs own a vineyard and mansion...
Close all joint accounts after divorce
On Behalf of The Law Offices of James A. Cuddy, LLC | Nov 9, 2013 | High Asset Divorce
People in Connecticut who are going through divorces might want to make sure that they close all joint accounts that they hold with their former spouses to prevent problems from occurring later on. Even after couples are divorced, creditors may continue to pursue both...
Connecticut wives should protect themselves in a divorce
On Behalf of The Law Offices of James A. Cuddy, LLC | Oct 18, 2013 | High Asset Divorce
Division of assets, particularly high-value assets, can become a battlefield when it comes to couples getting a divorce. Wives need to be especially alert to the couple's financial picture if they are to get their fair share of community property in the divorce. If...
Joint accounts and divorce proceedings
On Behalf of The Law Offices of James A. Cuddy, LLC | Sep 27, 2013 | High Asset Divorce
A recent assessment of divorce laws and proceedings in Connecticut and other states revealed that women whose divorces will leave them without a reliable source of income may need to take precautions in advance. Many women who plan on filing for divorce find that...
Best Buy CEO sells company stock due to divorce
On Behalf of The Law Offices of James A. Cuddy, LLC | Sep 20, 2013 | High Asset Divorce
The CEO of electronics giant Best Buy has sold over $10 million worth of the company's stock, according to a recent filing with the Securities and Exchange Commission. A spokesperson for the company stated that the executive sold the stock because of his divorce,...
Ways to prepare for a divorce settlement
On Behalf of The Law Offices of James A. Cuddy, LLC | Aug 5, 2013 | High Asset Divorce
Once the decision to file for divorce has been made, Connecticut residents may wonder about the next step. Every divorce is different because of the specific facts and circumstances surrounding the spouses. However, there are some steps that divorcing parties can take...
Prenuptial agreement tips from ‘Fox and Friends’
On Behalf of The Law Offices of James A. Cuddy, LLC | Jul 24, 2013 | High Asset Divorce
People in Connecticut might be interested to hear some prenuptial agreement tips from a 'Fox and Friends" segment. According to the segment, nearly half of all marriages end in divorce. Furthermore, the majority of them did not sign prenuptial agreements prior to...
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