Finances Archives - Page 2 of 3 - Vitetta Family Law

June 17

Posted By: Guy Vitetta
Posted In: Child Support , Divorce Law , Finances
Tags: Child Support
Date: June 17, 2016
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When Do Our Kids Finally Get Off Payroll?

Child Support in South Carolina is generally payable through HS graduation, but when parents are divorced, what are their financial responsibilities afterwards? It would be nice our kids were entirely self sufficient upon HS graduation: a good paying job, nice apartment, reliable transportation, bro...

February 11

Posted By: Guy Vitetta
Posted In: Finances , General Knowledge
Tags: family law lawyer
Date: February 11, 2016
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South Carolina Family Law Financial Software For The Family Law Laywer

Family Law is one of the most difficult practices areas for attorneys. In addition to high emotions, the financial issues are complex and sometimes difficult to grasp. With the release of Settlyd, Family Law attorney’s in South Carolina now have an improved and efficient way to gather, orga...

October 11

Posted By: Guy Vitetta
Posted In: Divorce Law , Finances , General Knowledge
Tags: Divorce Rate, Equitable Division, Family Finances
Date: October 11, 2015
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Divorce Rate For People Over 55 Doubles: Many Women Are At Financial Risk

A recent 20 year trend shows that the divorce rate for people between the ages of 55 and 64 has doubled. This new reality has has placed many women who have worked exclusively inside the home during the marriage in serious financial jeopardy. In 2012 the National Center for Family and Marr...

October 08

Posted By: Guy Vitetta
Posted In: Divorce Law , Finances , General Knowledge
Tags: Business Value
Date: October 8, 2015
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Supreme Court Adopts Major Change In Valuing “Good Will” in Family Law Litigation

Yesterday, the South Carolina Supreme Court made a major change in the way businesses are valued and divided in Family Law Litigation. On October 7, 2015, in the case of Moore v Moore, the South Carolina Supreme Court made a major revision in the way businesses are valued by the Family Court duri...

October 05

Posted By: Guy Vitetta
Posted In: Finances , General Knowledge
Date: October 5, 2015
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Use of Forensic Accountants in Divorce Cases

The use of forensic accountants in divorce cases is common, but their services are often very expensive and completely unnecessary. Many times a client seeking a divorce will be encouraged by their attorney to retain a forensic accountant (CPA) to assist with the financial analysis of the marital...

August 09

Posted By: Guy Vitetta
Posted In: Finances , General Knowledge
Tags: property division
Date: August 9, 2015
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Dividing Debt In Divorce

Sometimes a person involved in a divorce case may find themselves arguing for a larger share assets but a much lesser share of debts! Two people who are separating can divide property any way they want. Without an agreement, our legislature provided us with directions to be found in the South Caroli...

July 16

Posted By: Guy Vitetta
Posted In: Finances , General Knowledge
Date: July 16, 2015
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- 1567

Sloppy drafting may have caused wife to loose nearly $100,000 in division of retirement accounts in a divorce case

Drafting Marital Settlement Agreements is complicated and must be done with precision. Errors are likely to cause huge consequences for the family as they move forward with their lives. In an unpublished opinion on June 3, 2015 in Marshall v. Marshall, No. 2015-MO-030, 2015 WL 3538796, at *1 (S.C. J...

July 12

Posted By: Guy Vitetta
Posted In: Finances
Tags: Asset Division
Date: July 12, 2015
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How To Value A Professional Practice In Divorce

When a person owning a small professional practice (Dentist, Doctor, Lawyer, Psychologist, etc.) becomes involved in a divorce proceeding, the value of their professional practice, which has been providing income to the family during the marriage, often becomes an issues in asset division. Much ...