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March 2012 Archives

Former NBA star struggles with illness, finances, child support

We often look toward professional athletes, movie stars and other highly paid celebrities with envy and imagine what we would do with all their wealth. They seem to have everything they want, without the everyday financial burdens the rest of us face. But in reality, sometimes those larger-than-life personalities have money problems to match.

Cohabitation agreements growing more common

When people are preparing to marry, it is often in their best interest to draft a premarital agreement, particularly if they have a lot of assets. Nowadays, 60 percent of couples live together before marriage, compared to just 10 percent in the late 1960s. And many who have no plans to get married are entering into cohabitation agreements.

Didn't handle the marriage finances? Time to learn quickly

In most marriages, one person tends to handle the bills, the bank account and the budget, if there is one. When a marriage ends in divorce, it can be a scary wakeup call for the other spouse. That's especially true if the spouse who didn't monitor the finances is being left with the house, which means they will suddenly be in charge of the mortgage, home insurance and a long list of utility and repair bills.

Billionaire's wife accuses him of hiding assets in divorce

When the time comes to divide assets and property in a divorce, it can be tempting for the spouse who has more to lose to hide certain earnings so they aren't lost to the soon-to-be ex. This is neither recommended nor legal, but that doesn't stop some from trying.

Raise your child custody standing by getting involved at school

When it comes to demonstrating to a judge that you deserve to be awarded child custody, involvement in your child's education tends to score a lot of points. This is especially true for fathers, who tend to make a more lasting impression simply because there are far fewer of them getting involved at school.

Dennis Quaid's wife files for divorce in Texas

The third wife of actor Dennis Quaid has filed for divorce in Austin. According to court documents, Kimberly Buffington Quaid says the marriage fell apart because of "conflict of personalities" and "discord." The couple had been married since 2004 and had twins back in 2007.

More divorcing couples dealing with pet custody

If you're going through a divorce, you may have a lot of questions, even if you already have an attorney. What will we do with the mortgage? Will I be able to stay on the same health care plan? Most importantly, who will take care of our beloved cat and dog? Is it a custody issue, or division of property?