Don’t get new credit cards after the divorce, even if the extra lines of credit make life easier – in the end you’ll pay a high price for that comfort! Welcome back and thanks again for joining us here at The Kronzek Firm in Oakland County, Michigan. We’ve been discussing the issue of how a […]
Archive | Financial Concerns
Don’t Let an Oakland County Divorce Destroy Your Credit! (Pt 1)
Opening new lines of credit right after a divorce is usually a really bad idea! Everyone knows divorces cost money. Whether it’s the lawyer’s fees and court costs, or the simple fact that your family is going from two incomes to one (or one income to half an income!), the effects can be rough! But […]
Qualified Domestic Relations Orders in Oakland County: What You Need to Know (Pt 2)
How your retirement account gets divided in your divorce can make a big difference to your financial future. Welcome back and thanks for joining us here at The Kronzek Firm’s office in Farmington Hills. We’ve been talking about Qualified Domestic Relations Orders (called QDROs for short) here in Oakland County, and how that could affect […]
Qualified Domestic Relations Orders in Oakland County: What You Need to Know (Pt 1)
Some of you are probably scratching your heads and wondering what a Qualified Domestic Relations Order is (called a QDRO for short!). And who could blame you? It’s certainly not something the average person deals with on the average day. So what is it and why does it matter if you’re getting divorced in Oakland […]
What You Should (And Shouldn’t) Address in Your Michigan Prenuptial Agreement (Pt 2)
Preparing a solid prenup means getting help from a lawyer with lots of experience in Michigan antenuptial agreements. Welcome back. We’ve been talking about prenuptial agreements in Michigan, and what soon-to-be-married couples should and shouldn’t include in their prenups. It can seem a little strange to someone who’s never written one before, but believe it […]
What You Should (And Shouldn’t) Address in Your Michigan Prenuptial Agreement (Pt 1)
When putting together a prenup, there’s a right way and wrong way to go about it. Most family law attorneys could spent hours explaining why prenuptial contracts are a good idea, and why everyone getting married should have one (obviously!). However, there are lots of folks who still don’t know much about them, or why […]
Detroit Tigers Miguel Cabrera’s Custody Settlement is Unbelievable!
You’ve probably heard the saying, “The higher they rise, they harder they fall.” And when it comes to the financial dealings of celebrities, it can certainly ring true. After all, a person who earns $50,000 a year isn’t going to be ordered by the court to pay $3 million in annual child support payments. But […]
The IRS Can Burn You on Your Alimony Payments! (Pt. 2)
Welcome back and thanks for joining us again. We’ve been discussing the issue of alimony recapture and how it can affect you in Oakland County or anywhere else in Metro Detroit. As we pointed out in the previous article, alimony recapture is what happens when the IRS thinks you’re trying to disguise property settlements […]
The IRS Can Burn You on Your Alimony Payments! (Pt. 1)
Are you divorced, and paying alimony to your ex as part of your divorce agreement? If the answer to that question is yes, then there’s something important you need to know about your alimony payments and Internal Revenue Service (IRS). Namely, you can get taken to the cleaners by the government if they suspect […]
How do I Talk to my Fiance About a Prenuptial Agreement? (Pt. 2)
Welcome back and thanks for joining us for this discussion on how to have “that talk” – you know, the really hard one you have with your fiance about why you should get a prenup. In our previous article we introduced the subject, and looked at the first two items on our list of […]
