More videos on the subject

Select Desired Category  ↓

STL moms - divorce

Jonathan Marks, STL Moms: Planning For The Kids College In The Middle Of A Divorce

STL moms - Jonathon Marks

Jonathan Marks, STL Moms: The Importance Of Asking For A Pre-nup

STL moms - Jonathon Marks

Jonathan Marks, STL Moms: How Having A Toxic Divorce Can Affect Your Kids

STL moms - divorce

Jonathan Marks, STL Moms: How the new tax law will impact spouses thinking about a divorce

stl moms jonathan marks single women retirement

Jonathan Marks, STL Moms: Single women seem to be better off in retirement

Attorney Jonathan Marks Speaks to KMOV St. Louis County Councilman Case

STL moms - divorce

Jonathan Marks, STL Moms: Problems couples face with life insurance policies

Jonathan Marks, STL Moms: Tax law changes will impact parents who are divorced

STL moms - Jonathon Marks

Jonathan Marks, STL Moms: Financial Problems Often Pop Up During Divorces

Jonathan Marks, STL Moms, Kids Sports

Jonathan Marks, STL Moms: Weighing the Health Risks of Kids’ Sports

jonathan marks stlmoms paternity cases missouri

Jonathan Marks, STL Moms: Paternity Cases in Missouri

stl moms avoiding pitfalls during divorce

Jonathan Marks, STL Moms: Avoiding Divorce Pitfalls

jonathan marks stl moms digital spying divorce attorney

Jonathan Marks, STL Moms: Digital Spying and Divorce

jonathan marks st louis divorce attorney holiday family problems

Jonathan Marks, STL Moms: Solutions for Divorced Families and the Holiday Season

stl moms tax proposal divorce attorney st louis

Jonathan Marks, STL Moms: New Tax Plan, Divorce

stl moms marital status income divorce lawyer st louis

Jonathan Marks, STL Moms: Marital Status Income Gap

stl moms sports private school divorce

Jonathan Marks, STL Moms: Sports, Private School, and Divorce

jonathan marks stl moms relationship killers divorce

Jonathan Marks, STL Moms: Biggest Relationship Killers

changes missouri child support calculation st louis

Jonathan Marks, STL Moms: Changes to Missouri’s Child Support Calculation

stl moms mary j blige divorce attorney

Jonathan Marks, STL Moms: Lessons from Mary J. Blige Divorce Settlement

jonathan marks st louis divorce attorney who pays child expenses

Jonathan Marks, STL Moms: Who Pays for Child Expenses?

jonathan marks stl moms child support new spouse

Jonathan Marks, STL Moms: Child Support and the New Spouse

child custody attorneys st louis mo

Jonathan Marks, STL Moms: Push for More Strict Legislation on Custody Agreements

stl moms third party visitation child custody attorneys

Jonathan Marks, STL Moms: Third Party Visitation Cases

st louis divorce child custody attorney

Jonathan Marks, STL Moms: Relocating After a Divorce

divorce attorney st louis uber case

Jonathan Marks, STL Moms: Divorce Case Involving Uber

divorce attorney st louis rise in divorce filings january

Jonathan Marks, STL Moms: Rise in Divorce Filings in January

divorce attorney st louis spouse email hack

Jonathan Marks, STL Moms: Accessing Spouse’s Email

christmas divorce issues st louis mo

Jonathan Marks, STL Moms: Christmas Custody Issues

jonathan marks thanksgiving divorce st louis

Jonathan Marks, STL Moms: Holiday Advice for Divorced Families

jonathan marks stl moms brangelina divorce

Jonathan Marks, STL Moms: What You Can Learn From Brad Pitt and Angelina Jolie’s Divorce

Jonathan Marks, STL Moms: Finding a Mediator for Your Divorce

Jonathan Marks, STL Moms: Divorce and College Savings

Jonathan Marks, STL Moms: What happens to Social Security benefits following divorce?

Jonathan Marks, STL Moms: Choosing the Right Attorney For a Divorce

Jonathan Marks, STL Moms: Shared child custody refusal during summer months

Jonathan Marks, STL Moms: MO lawmakers change the way you get divorce

Jonathan Marks, STL Moms: Tips for splitting custody during the summer

Child Custody Concerns and Relocation, The Marks Law Firm

Jonathan Marks, STL Moms: Child custody concerns when relocating residences

What Happens To Frozen Embryos in Divorce Proceedings, The Marks Law Firm

Jonathan Marks, STL Moms: What happens to frozen embryos in divorce proceedings?

Equal Custody Laws, The Marks Law Firm

Jonathan Marks, STL Moms: Giving Missouri parents equal custody time with proposed legislature

Jonathan Marks, STL Moms: Important divorce advice for prospective single mothers

Jonathan Marks, STLMoms: Protecting those who have been hacked online

Jonathan Marks, STLMoms: Surging number of disputes over custody of pets

Jonathan Marks, STLMoms: How to tell kids about divorce

Jonathan Marks, STL Moms: What do divorced parents do during Halloween

Jonathan Marks, STL Moms: January Is Divorce Month

Jonathan Marks, STL Moms: Divorce and the Holidays

Jonathan Marks, STL Moms: Child Support, Taxes and the Powerball

Jonathan Marks, Fox 2 News: Legal Procedure for Adopting a Child

Jonathan Marks, STL Moms: February Divorce Month

Jonathan Marks, STL Moms: What are grandparents’ rights in a divorce?

Jonathan Marks, STL Moms: Keeping Divorce As Stress-Free As Possible

Jonathan Marks, STL Moms: Common financial mistakes associated with divorce

Jonathan Marks, STL Moms: Money matters after divorce

Jonathan Marks, STL Moms: Does Facebook contribute to divorce?

Jonathan Marks, STL Moms: Apps can help settle divorce custody disputes

Jonathan Marks, STL Moms: How to handle your taxes if you’re divorced

Jonathan Marks: Attorney talks pets, divorce proceedings

Jonathan Marks, STL Moms: Attorney discusses Cohabitation Law

Tech Nuptials, Part 3 of 3 – Assets, Bitcoin & Your Actions

Tech Nuptials, Part 2 of 3 – Social Media & Digital Prenuptial

Tech Nuptials, Part 1 of 3 – To Spy or Not To Spy

Transcription:

Host: In today’s STL moms and dads, Jonathan Marks from the Marks Law Firm is here with what women specifically should know is available to them financially. Good morning.

Jonathan Marks: Good morning John. My pleasure.

Host: So, in our society today, we’ll talk about the St. Louis area where you practice, usually, you run into men having more economic status than women.

JM: In general, I mean it’s stereotypical, but still today it’s based off that bias of, when you’re going into a situation, I think courts still have some more of a circumstance where they view that the husband coming into the door is going to have the better financial situation.

Host: So based on that, we’ll jump from that starting point, what should women do? If this is in motion, what’s the first thing they should do?

JM: Typically, there’s five different things that you talk about with a woman which is coming in for an initial consultation. First thing that you want to focus on is whether or not she wants to retain the marital property, basically the marital house. Typically, if it’s a stay-at-home parent their focus is going to be on trying to maintain stability, and when trying to maintain that stability there’s typically a focus on how they can keep things status quo for the children, and in doing so, when you’re talking about a marital home, there’s a lot that goes into it because once you’re a single parent you are going to have to be paying for that situation, you have to look at what the costs are associated with it.

Host: So that leads us to maintenance.

JM: Right. So when you’re looking at support and of itself, the maintenance calculations’ importance is to whether or not someone’s unable to meet the reasonable needs to appropriate employment, that some also then would come into play for purposes of figuring out what the calculation is going to be for child support. And all of those financial circumstances come into play when you’re looking at the costs associated not just now with how you’re going to maintain the household but then also the expenses that go along with the children, such as the health insurance, the out-of-pocket costs and the childcare costs as well.

Host: You also have debt, as well, to think about.

JM: Right. And that’s something that people don’t think about, because it’s not tangible in nature. It’s one thing when you’re looking at the mortgage because you’re going to the home, it’s another thing when you’re looking at an auto loan because you’re driving an automobile, but that credit card debt is what really can be a financial burden on you because you’re not typically thinking about the fact that it’s accruing interest on a daily basis, and so every time that you’re getting a monthly expense from that credit card company, you’re actually reducing what your net dollars are available to pay for these other expenses.

Host: All right. What’s next on the list?

JM: So, then you also want to take a look at what your marital property division is going to be. So you could focus on two aspects. One, what about your ‘today’ situation? Whether you’re retaining the marital home, or you’re going to be moving into another home; what is it you’re going to be taking with you for those basic essentials that you then don’t have to replace?

Host: And do you get into the specific items? That always slows things down I hear.

JM: It does slow things down. You try not to do it too much, I mean, you really do hope that within the parties you can subsequently give them a list and say, ‘here’s some blue post it notes for dad, and here’s some pink ones for mom’ and you go room by room and try to select what is necessary, and try to be fair and equitable. And sometimes it doesn’t happen and you do have to expend it, but you don’t want to expend a bunch of attorney fees in that situation, and you want to really focus on bigger assets such as the bank accounts and especially the retirement accounts, since somebody can plan not just for today, but have a better idea of what the retirement aspects are going to pay them down the road.

Host: And then finally, retirement.

JM: Focusing not just on the division itself but how you get to it. So whether it’s a pension, it’s a 401K. Typically, we use what are called qualified domestic relations orders to divide those assets in and of themselves. You need to really make sure your attorney is fluent on how those are drafted to ensure that you’re not losing out on moneys that may be due to you, and that you won’t know for 10 to 20 years down the road.

Host: What a hassle. You know, if you can, try to reconcile. Going through all that… Thanks so much for coming in today.

JM: My pleasure, thank you.

Leave a Reply