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Springfield Family Law Blog

How will divorce affect my retirement savings?

According to the American Psychological Association, 50% of marriages in the United States end in divorce. Though the process is not uncommon, it is still often a delicate and difficult situation. While there are certainly personal concerns, such as parenting and heartbreak, the financial implications of splitting up with your partner are of great concern as well. According to divorce attorney’s, retirement savings are one of the most contentious issues regarding divorce.

Because Oregon is an equitable distribution state, the courts will try to divide the communal nest egg as fairly as possible. However, this does not necessarily mean that your retirement plan will always remain untouched.

Do grandparents have visitation rights after a divorce?

During a divorce, the custody of children can often become a bargaining chip between the parents, leaving grandparents out of the loop. In cases such as these, so grandparents have custody or visitation rights?

There is no federal law about the rights of grandparents, so the decisions are made on a state-by-state basis.

Co-parenting tips for your college-age child’s estate plan

Before your child heads off to college, you will probably do everything you can to help them get ready. You’ll help them pack clothes, furniture, books and a wide array of other items to help them feel comfortable and do their best. But did you remember to pack their estate plan?

In the tumult of a move, you might forget about those essential documents. It might be extremely complicated to arrange for these documents with your co-parent.

How can you peacefully co-parent with a narcissist?

As is typical in divorce, perhaps you can no longer stand being around your former spouse. Maybe you have grown tired of your ex’s arrogance and disrespect. Or, possibly you recognize you made a mistake choosing him or her in the first place.

Marriages end for a wide variety of reasons. Many couples are not able to pinpoint exactly why their relationship did not last. However, if you were married to a narcissist, there might be some things you will still want to consider once your divorce is final. This may be especially true when there are kids involved.

Divorced parents have special considerations when estate planning

Immediately after your divorce is finalized, it is important to update all of your estate planning documents. For most people, the documents needing updates may include a will, power of attorney, living will and beneficiary designations. However, if you have minor children, you may want to also consider utilizing some other estate planning tools.

Guardianship

Is a forensic accountant necessary in a high-asset divorce?

As you and your spouse consider divorce, various concerns arise. You may wonder where things went wrong. You likely worry about who will get the house. And, you might question the full extent of your marital assets.

While many divorcing couples own real estate and vehicles, some must consider retirement accounts and investment portfolios. If your spouse has a pension, you may not know how much money it involves and what your rights to it are, related to your settlement. Maybe you do not know what your spouse’s business interest is worth. And, while Oregon courts generally aim for a “fair” division of property, you may question your rights to your spouse’s inheritance.

Organization can help you during divorce

Going through a divorce is not only draining emotionally, but mentally. You might feel like there are a million steps you have to take in order to finally put your divorce behind you. There are many tasks, paperwork and other things you have to do during a divorce and it can be overwhelming.

However, there is a way to make this entire process easier. Staying organized is key during a divorce. It can help you come out of it more successfully and with less stress. Here are three ways you can organize your life during a divorce.

The personal affects the professional: business owner divorce

As the owner of a business in Oregon, your personal life almost inherently affects the professional aspects of your working life. Your decisions have an effect on the business as well as your own life, meaning one often affects the other. One aspect of your personal life that may have an expected impact on your business is the state of your marriage.

More than half of all U.S. marriages end, with the likelihood of divorce increasing for second, third or fourth marriages. The reality is, starting and maintaining a business can cause a strain on a relationship, sending a couple toward a potentially litigious end. There are a few key considerations for business owners to implement both at the start and end of a marriage.

Double dipping and divorce

During a marriage, you share a lot of things. A house, a room, a bed and oftentimes a car or two. In addition, some spouses own a business together or separately. When the desire for unity ends, you probably want to stop sharing as well.

Do grandparents have visitation rights in Oregon?

Losing contact with a loved one is heartbreaking. In the event of a divorce, many people are involved. Depending on who the children end up with, this can immensely impact a grandchild-grandparent relationship. You desire to maintain a connection with your grandchildren. What can you do to prevent the break?