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Marital Dissolution Services

Many financial factors can affect how favorable a divorce settlement or prenuptial agreement will be for the parties involved. If clients do not consider all applicable factors, they might find that what initially seemed like a fair settlement may actually have hidden repercussions.

In any divorce or marital agreement, both parties must decide, by mutual choice or by court decision, how the financial aspects of the relationship will be divided. These situations raise questions about:
  • the valuation of property or a business
  • the marital or non-marital status of assets,
  • lifestyle cost concerns,
  • the costs of alimony/maintenance or child support,
  • and any applicable estate planning/personal finance issues.
However, these questions usually do not take into account other factors that could have a significant effect on the final outcome. For example, it is important to consider the following issues:
  • Property settlements must include the tax ramifications of ownership transfers.
  • The calculation of an individual's disposable income must include the tax liabilities resulting from the settlement.
  • Retirement asset distributions must be properly structured.
While attorneys are the primary advisors in divorce situations or marital agreements, they may not have the expertise to address all of these tax or financial issues. ORBA's team can provide the straightforward financial advice your clients require during this complex and emotional process.

If you would like to speak with a member of our divorce litigation team, contact Danielle Winkle at 312/670-7444.