Articles Tagged with agreement

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A parenting plan outlines how separated parents will continue to care and provide for their children.  An effective plan is one that is unique to the family situation and contains information about the parenting time schedule and how decisions related to the children will be made.  It also outlines the plan for  medical and health care coverage, education and extra-curricular activities.  Some parents want a more flexible plan, and some want a consistent schedule.  The focus should be on the needs of each child and what is workable and practical for the family. Continue Reading

lottery-3846567_960_720-300x200You may have heard the recent story of a Michigan man who won an $80M lottery jackpot being ordered to split the money with his estranged wife (you can read the story here). When the man bought the ticket back in 2013, the couple had already been separated for about two years. The ticket won as the couple was still separated and in the process of obtaining a divorce. The couple had agreed to use an arbitrator for their divorce. In the case of the lottery winnings, the arbitrator noted that because “losses throughout the marriage were incurred jointly, so should winnings be shared jointly.” With the after-tax winnings totaling roughly $38M, the arbitrator awarded the wife $15M. Upon review of the appeals court, no errors were found. Continue Reading

When a family goes through the divorce process, there is often an emphasis placed on co-parenting – both parents sharing the responsibilities of caring for the children. It is important that spouses and co-parents find an approach to child custody and timesharing that suits their own family’s background, circumstances, needs and preferences. Continue Reading