Blogs
How Does the New Tax Plan Affect Those Who Pay Alimony? Losing the Deduction is Set to Have Dramatic Impact
- by Ji Y. Park
The new tax bill was signed into law recently, and with it comes a slew of new changes that impact virtually everyone. Some tax experts have talked about how many of the deductions that have been set for years will be going away. Unfortunately, included in that category is the tax deduction for alimony payments.
Confused About How Prenups Affect Real Property and Other Assets? Weigh The Facts.
- by Ji Y. Park
More and more couples these days are entering into prenups, but few couples actually should get or need prenups. The media hype surrounding prenups has made it so that everyone now thinks they need a prenup when they actually do not.
However, there are cases in which one spouse wants to protect real property or other assets acquired before the marriage, or wants a different arrangement on how to pool these assets after marriage. In these cases, before committing to a prenup, it’s important to understand how they work.
Inspired by client questions, here are important facts to know about prenups.
Mediation Works to Couple’s Advantage in Spousal Support Matter
- by Ji Y. Park
In my last blog, I discussed how a custody dispute could have been better handled through mediation. Now let’s take a look at how mediations can work to a couple’s advantage in a real-life spousal support matter.
Exes May Be Better Off With Mediation vs. Litigation In Family Law Matters
- by Ji Y. Park
Although I am a longtime litigator, in my opinion mediating a family law matter is often the better option in today’s family law environment. Here are some reasons why:
Have you Braced for Impact? Unexpected Expenses After a Divorce
- by Ji Y. Park
Divorces, while occasionally amicable, are most often difficult experiences that can inflict a heavy emotional toll. While many people are expecting to go through all of that, few anticipate the additional unexpected costs from a divorce that go beyond the division of property, alimony, child support and other expenses we usually associate with it.
Does Your Ex Have Parental Rights Concerning Your Kids?
- by Ji Y. Park
Though this question may seem straightforward, what legally constitutes an ex who has parental rights has become broader over time. Here are some of the finer details of how the law sees parental rights in different situations.
Do You Need a Prenup? Confirm What You Want Before Marriage
- by Ji Y. Park
The engagement period of a romance is a beautiful time, one filled with expectation and high hopes. But before you get swept away by romance, it is important to consider how you want property and assets handled in the future – especially if things go wrong.