BVSource (Business and Financial Issues in Divorce)

Facebook Cheating

Brian Vertz — Thu, 15 Jul 2010 14:25:41 +0000

News stories were posted today on CNN.com and VanityFair.com claiming that a growing number of people are using Facebook to cheat on their spouses…. and getting caught! Divorce lawyers have discovered that many careless cheaters leave obvious evidence of their infidelity on social networking sites, where anyone can find it. In fact, a site called [...]

Kids and summer jobs: Some tax reminders

Brian Vertz — Mon, 12 Jul 2010 20:46:56 +0000

My friends at Crawford Ellenbogen LLC know a lot about taxes. One of their principals, Victor Dozzi CPA, recently sent me a great tip about kids who are earning income from summer jobs, and I asked him if I could share it with you. He agreed, so here it is: Are your children working at [...]

Exclusive Possession of Marital Residence

Brian Vertz — Wed, 07 Jul 2010 15:36:26 +0000

A thorny issue that arises early in many divorce proceedings is the question of who may live in the marital residence during the separation period. Generally speaking, the courts will not evict either spouse from the marital residence during separation if they are living together peacefully and have not voluntarily moved away. This principle leads some [...]

International Child Support and Custody Disputes

Brian Vertz — Mon, 05 Jul 2010 15:35:32 +0000

An article in the ABA Journal this month focuses attention on the growing problem of international child support and custody disputes. With the advent of global travel and internet relationships, more and more parents are facing the challenge of enforcing child support and custody orders across national boundaries. Some parents describe experiences that sound like scenes from a [...]

How is Marital Property Different from Community Property?

Brian Vertz — Mon, 28 Jun 2010 14:11:42 +0000

In Pennsylvania, marital property is divided in a process known as equitable distribution. The method prescribed by the Divorce Code is a “dual classification” equitable distribution scheme because marital property is distinguished from nonmarital or separate property (terms which are used interchangeably). In other jurisdictions governed by an “all-property” equitable distribution scheme, the divorce courts [...]

Credit Cards and Divorce

Brian Vertz — Sun, 27 Jun 2010 00:58:13 +0000

Divorcing spouses often ask me about credit card debts and loans. While a divorce court may assign responsibility for paying credit card debts and loans that were incurred during the marriage, the court generally lacks jurisdiction over the creditors. In other words, the divorce court cannot force the credit card issuer to collect from one [...]

New York’s No-Fault Divorce Bill

Brian Vertz — Sat, 26 Jun 2010 04:08:46 +0000

The advance sheets have been cold lately, so let’s take a brief look at New York’s recent effort to pass a no-fault divorce law. New York is the fiftieth and last state to consider no-fault divorce, which was first enacted in California in 1969. Both supporters and opponents of n0-fault divorce have blamed divorce lawyers [...]

It is Worth Taking Advantage of an Ex?

Brian Vertz — Sat, 12 Jun 2010 14:04:29 +0000

It's not easy to take the high road when dealing with an ex, particularly after a hard-fought divorce.

Do Not Let Divorce Dissolve Your Family Business

Brian Vertz — Tue, 08 Jun 2010 14:09:45 +0000

Employ legal tactics and structures to prevent a divorce from deadlocking the business.

Fair Value Standard Rejected by Colorado Supreme Court

Brian Vertz — Sat, 05 Jun 2010 17:11:37 +0000

This decision contains a good explanation of the reasons why "fair value" is not necessarily appropriate to divorce cases.