Posted August 23rd, 2016 by Mark S. Guralnick.
In considering a spouse’s entitlement to support or an award of counsel fees, courts generally examine a number of factors, such as the richer spouse’s ability to pay, the dependent spouse’s financial need, the parties’ access to other financial resources and liquid assets, and whether they each exercised good faith or bad faith in the […]Read More
Husband and Wife have split up. Now they’re living in two households. And each of them is complaining that they don’t have enough money to pay their bills. Molly, the wife, wants alimony because she cannot pay her rent or her credit card bills in order to sustain her marital lifestyle. Henry, her husband, says […]Read More
So you’re sitting there in your car at the stop sign, obeying the law, and then….whack! You’ve been rear-ended by another driver who was texting his friend about tonight’s important gathering at the local pub. Upon impact, your car careens across the intersection. How fast was the other driver going? Here’s how to figure that out. […]Read More
Oh no! The ugly “A” word —Alimony. It may be tax-deductible to the party paying it, and taxable to the party receiving it, but it’s controversial nevertheless. The spouse who is obligated to pay alimony often objects to the process of writing weekly or monthly checks to his ex-spouse, especially if his own financial situation […]Read More
When you’ve suffered damages to your real estate involving an income-producing property, it is sometimes difficult to determine exactly how much money you’ve lost. In fact, we often tend to under-estimate our losses by not considering how the timely payment of money goes to work for us. Today’s blog shows you some useful formulas for calculating the loss […]Read More
If you’re unlucky enough to have rented property to a tenant who didn’t pay you or who destroyed the property, there’s a formula for calculating your actual losses. In fact, there are a number of handy formulas for the damages suffered by property owners due to the loss of rental income. These formulas can be applied whether the losses result […]Read More
Yesterday I spoke about the Rule of 72, a convenient rule of thumb for calculating how long it will take to double your money (or your client’s money) invested in a particular project or purchase. If you missed yesterday’s blog, I encourage you to check it out. You’ll need to give yesterday’s blog a quick read […]Read More
The 4th of July is a perfect day to think about your independence — your financial independence, that is! So, what if you wanted to double, or triple or even quadruple your money. How long would it take to do that? There’s a handy formula for figuring it out in a matter of seconds. All […]Read More
The Unlucky Landlord! Everybody’s Moving Out, But It’s Not His Fault! Somebody Must Pay For This, and How Much….?
Your office building is falling apart. The elevators don’t work. The lights keep flickering, and last Thursday, a fire broke out in the mail room. It turns out the electrical contractor used substandard wiring, in violation of city codes, and now the building inspector is kicking out all of the tenants until the building is […]Read More
If the business next door is destroying your property, they may have to replace your property. One way to determine what they’ll actually pay you in damages is the “cost approach.” Instead of comparing the value of your property to other similar properties in the neighborhood — which is the sales comparison approach which I discussed […]Read More