How is alimony usually calculated?
Some common ways of calculating spousal support are to take up to 40% of the paying spouse’s net income (post-child support), less 50% of the amount of the supported spouse’s net income (if he or she is working). Spousal support can be waived by the recipient spouse.
Is an LLC protected from divorce?
Forming an LLC or corporation can help protect your business assets in case of divorce, especially if you incorporate before you get married. But it’s important to ensure that you don’t use marital assets to pay for company expenses. If you do, the court could determine that the company is actually marital property.
What is financial infidelity in a marriage?
Financial infidelity is the act of spending money, possessing credit and credit cards, holding secret accounts or stashes of money, borrowing money, or otherwise incurring debt without the knowledge of one’s spouse, partner, or significant other.
Is it bad to hide money from your spouse?
Often, hiding money = financial infidelity But often, hiding money, bank accounts or spending from your partner is a form of cheating. And it can have as devastating effects as being physically unfaithful. Hiding money from your spouse or partner is financial infidelity. And it’s more common than you might think.
Why do husbands hide money from their wives?
Women often stash cash if they want to leave the relationship and need money to be able to do it; men also hide cash or assets if they see a split looming. Other times, people hide money because they know their spending is out of control – and don’t want to be called on it.