Global Family Law Services
As mortgage interest rates soar to a 22-year high, divorcing couples face yet another hurdle as they work to disentangle themselves from one another. With the average 30-year fixed mortgage rate exceeding 7%, divorcing couples must make increasingly complicated decisions regarding property division, housing arrangements and the overall financial stability for both parties involved. Divorcing couples often have an emotionally…
Couples sharing auto, health and homeowner’s insurance, or who have named each other as beneficiaries of life insurance policies, face the task of disentangling these policies if they choose to divorce or otherwise separate. As break-ups often bring out the worst in people, however, vindictive partners may try to weaponize these policies to cause harm or exert control over the…
Among the many issues that divorcing couples with children must face is one often worth thousands of dollars: who will claim the kids on their tax returns? As tax season begins on Jan. 23, let’s look at some of the child-related tax benefits that should be considered during a divorce. Child Tax Credit According to the IRS, the Child Tax…
It feels today as if inflation is everywhere. You read about inflation in the paper, hear about it on the news and feel it in your pocketbook. Just this week, Sept. 21, the feds raised rates the highest its been since the global financial crisis in 2008. In other words, rising inflation is impacting our lives in multiple ways. For…
ALEX KRUTCHIK | Cleveland Jewish News Going through a divorce can be one of the most stressful events in life. There are many ramifications both in your social life as well as your financial situation. This can be especially true for those who were married a long time and established a life together in older age. Jill Friedman Helfman, co-partner-in-charge…
By ALEX KRUTCHIK | Cleveland Jewish News The past year forced many people to face situations never experienced before. Because of COVID-19 lockdowns that swept the country for months, many people stayed with the person that lived in their house with them, whether it was roommates, parents or spouses. Because spouses were together nearly constantly, many theorized that divorce rates…
On May 3, well-known philanthropists Bill and Melinda Gates announced they were ending their marriage after 27 years. Within her petition for divorce, Melinda Gates cited that the parties do not have a prenuptial agreement, but are asking the court to divide their assets pursuant to the terms of a mutually agreed upon separation agreement. Presently, the terms of the…
Getting divorced is hard enough and the division of real property can make it even more contentious. Often, real property is one of the largest assets to be divided and considerable money could be at stake. Add in a dash of emotion (memories were made there, and children raised), not to mention the headaches of moving and the prospect of…
This article originally appeared as a column for the Cleveland Jewish News. Prospective clients call my office every day, asking about a divorce, a dissolution or even a legal separation without having a clear understanding of what those terms mean. Maybe they have done some internet research and have come across one of these terms. Typically, they know they are…
Nearly a year ago the Supreme Court of the United States issued its landmark decision in Obergefell v. Hodges. This decision was the culmination of six different lawsuits from Ohio, Michigan, Kentucky, and Tennessee, involved multiple same-sex couples, several children, a widower, a funeral director, and an adoption agency, and came after years of appeals in multiple federal courts. Until…