Wilmington Legal Issues Blog

Headed for divorce? 3 options for the family business

When you own high-value assets, such as a business, reaching a divorce settlement can be very complicated. For example, if you and your wife are real estate professionals that run a joint company in Delaware, you will have to decide if the two of you can continue working together or if you should sell the business. Each option comes with its own set of complications.

Before you decide on a course of action, it is best to examine the various options that are available. To find out more about some different strategies to handle the business, read further.

Divorcing? That means you should update your estate plan

There are a lot of unfortunate side effects to a divorce. You may worry about seeing and spending time with your kids. Your retirement account could end up much smaller than what you'd hoped by this point in your life. You may even need to find a new place to live. Chances are good that you're already working to address these issues. It's also likely that you could overlook other important concerns and considerations in the process of your divorce.

One of the most critical things you need to address when divorcing is your last will or estate plan. Depending on how contentious your divorce looks to be, you may want to make changes as soon as you file for divorce. In other cases, it may make more sense to wait until the courts finalize the divorce. Regardless of which approach you take, the sooner you handle your estate plan and last will, the better your overall peace of mind about the future. 

How to keep your summer cool

Summer is in full swing and with it trips to the shore, barbeques and summer vacations. Spending time with the kids on a special outing makes for some of the best family memories--but what happens when you're a divorced parent and have to work with your ex to plan extended time with your kids? Can it be amicable or is it destined to be fraught with conflict?

While most divorce agreements spell out time with the kids in the summer, are there dos and don'ts that make it easier? Read on for some ideas that can make your summer plans easy breezy.

Delaware considered one of the best states for divorce

When marriage leads to divorce, the relationship is never in a good state. However, the state in which you live can determine the ease of the divorce process. Although Delaware is the second smallest state in terms of land area, small is mighty when it comes to divorce. In fact, the Small Wonder was recently named among the best states for divorce by The Cheat Sheet.

What makes Delaware one of the best states for divorce? Cheat Sheet cites the state's easy annulment process, voluntary separation for divorce and minimum processing times as reasons for its "best of" ranking.

Let's explore annulments, voluntary separation and processing times below.

Will I be able to see my children after a divorce?

Child custody is one of the most intensely emotional and stressful aspects of divorce. It can be even scarier for fathers who hold the misconception that the mother is always preferred for child custody. A lot of factors play into custody decisions based on each unique divorce case, but both parents are equally considered. As a father, it is very unlikely that you would have no custody or ability to spend time with your children after divorce.

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Wilmington, DE 19809

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