John D. "JD" Heberger

A person newly engaged may sometimes get intimidated by the idea of a pre-marital or a pre-nuptial agreement. But they need to understand that a prenup can be looked upon as an insurance policy. You hope not to use it, but glad it is in place in case you ever need it. The document is really an outline that clearly defines what will happen financially if the parties ever do get … [Read more...] about The Importance of a Pre-nuptial/Pre-Marital Agreement

When a spouse files a divorce petition in court, it becomes part of a public record that is available to any member of the public to review. In a standard litigation process, that becomes true of any documents required by the court for it to make decisions in the case. A Collaborative Divorce is different and allows the couple to keep their information private. What Happens in a Traditional … [Read more...] about The Privacy Benefit in Collaborative Divorce

A gray divorce is a euphemism for people getting divorced who are over the age of 50. The issues that need to be resolved are different in a gray divorce than in divorces between younger couples. Since there are generally no minor children, the main issue the couple faces is division of assets. Too often, one party may try to hide assets from the other. Financial Issues Facing Those … [Read more...] about Navigating Financial Issues in a Gray Divorce

It seems that in almost all cases of divorce, one party has been the one who handled the money and can readily provide necessary financial documents to legal counsel handling the divorce. The other party is often left in the dark and should sit down with the CPA who prepared the tax returns and go over the documents in order to discover the true financial situation. Here are some of the items that … [Read more...] about Pre-Divorce Financial Checklist