Broder Orland Murray & DeMattie LLC - February 2024 Recap

Welcome To Our Newsletter!

As we end February and move into March, we'd like to take a moment to look back on some of the informative content and firm news we've recently shared, including insights from the past month. If you're interested in learning more about the insights listed below, please feel free to visit our website.

Why Family Businesses Should Consider Instituting a Prenuptial Agreement Policy

Family businesses can pose unique challenges in divorce, especially where multiple generations or branches of the family are involved. A spouse’s interest in a business is considered a marital asset subject to equitable distribution and a source of income used to calculate alimony and/or child support. In a divorce, the financial impact on the business can be significant. To avoid problems and protect the company, families should consider instituting a policy requiring all owners to enter into a prenuptial agreement. Learn more here.

What Happens If Your Spouse Empties a Joint Account During Your Divorce?

If you are considering divorce or in the process, you may be worried that your spouse could empty your joint account during the divorce. The reality is that your spouse cannot deplete your account, and if he or she does so, you have recourse in Court. This situation does occur in some divorces so both parties need to understand the rules. Read more about this insight here.

Can I Record My Children During a Divorce?

The propriety of recording your children during a divorce can vary depending on several factors. Therefore, it’s essential to consult with a family law attorney to understand your rights and limitations regarding recording your children.?In our latest video blog, Partner and Attorney Christopher DeMattie walks us through the legality surrounding recording your children during the divorce and how it may affect the overall outcome of your case. Listen here.

What Happens to Life Insurance After Divorce or Legal Separation?

During the divorce process, spouses are prohibited from letting a life insurance policy lapse or changing the beneficiaries absent a written agreement or by order of the Court. This is to maintain the status quo concerning each party’s property rights while the terms of the divorce or separation are determined. However, new considerations exist for preserving life insurance once a divorce or legal separation is finalized. Typically, the final dissolution order or separation agreement addresses what happens to life insurance after divorce or legal separation.?Learn more here.

Thank You For Reading!

We appreciate you taking the time to read through our content recap for February. If you want to learn more about our firm or would like to inquire regarding a legal matter, feel free to reach out to us today.

Make sure to look out for our March recap next month!