Entries by Pence Law Firm PLLC

Should I Agree to Pay Above the Child Support Guidelines?

It’s no secret that children are expensive, and when a West Virginia couple divorces, the higher-earning party often has to chip in more to ensure that their children’s needs are met. But what if the child support guidelines laid out by the state still don’t meet the child’s needs? If you’re considering paying above and […]

Coping With Lifestyle Adjustments After a High Asset Divorce

Adjusting to life after divorce is difficult under the best circumstances—and when you’re transitioning out of a life where you became accustomed to substantial assets, it’s even more challenging. If you’re preparing for your next step in life but the transition is bumpier than expected, there are things you can do to help yourself through […]

Divorce and Its Impact on Shared Real Estate Investments

While divorce is never easy, additional assets and income streams can further complicate this already stressful time. If you and your spouse have shared real estate investments, be prepared for a long and drawn-out division of assets. Real estate is incredibly valuable, and figuring out how to divide it fairly takes time, patience, and often […]

How Inheritances Impact Alimony Payments

In West Virginia, the number of factors affecting spousal support can make it hard for parties on both sides to understand their rights and obligations. This issue becomes even more complicated when you throw an inheritance into the equation. Whether you receive or pay spousal support, find out how an inheritance could change your current […]

The Impact of Divorce on Executive Compensation Packages and Stock Options

When you’re navigating a high net worth divorce, you’ll face challenges and complex issues that rarely arise in other divorces. In these splits, the division of assets and the topic of spousal support often lead to the most bitter disputes between the divorcing spouses. If one spouse is a high-powered executive, navigating the division of […]

Understanding QDROs and the Division of High Value Retirement Accounts

In many divorces, the division of assets is the most complex and time-consuming part of the entire process. It’s especially hard in long marriages where both partners have built up assets and completely intermingled their financial futures. Retirement accounts can be particularly challenging to divide, due to their significant value and their propensity for growth. […]

Important Things to Know About Modifying a Child Custody Arrangement

The initial custody agreement you and a coparent agree on may not work forever. Life changes, and it’s important that custody arrangements change with it. However, getting a modification in a child custody arrangement can be a challenge. It’s crucial to know what the court will look for, why the court may be willing to […]

Mitigating the Risks of Business Depreciation During High Asset Divorces

When a couple owns a business together, protecting that business during a divorce can be a top priority. It’s not uncommon for businesses to be negatively affected during a divorce. Stockholders worry about the future of the company, are uncertain about whether a massive stock transfer will affect the company’s value, and wonder if consumers […]

Divorce and Philanthropy: How to Handle Shared Charitable Endeavors

If you and your spouse have built a legacy of charity and philanthropy, divorce may be especially painful for you. You may worry that the end of your marriage means an end to your charitable efforts, which you likely find very meaningful and fulfilling. You may also wonder if you’re financially tied to causes and […]