Miranda Lambert – Pasadena Divorce Attorney

It’s not uncommon for soon-to-be ex-spouses to buy each other out when it comes to dividing marital property during a divorce. So, it makes sense that at the end of May, Miranda Lambert sold the Oklahoma location of her popular Pink Pistol boutique to ex-husband Blake Shelton

Blake Shelton Buys Miranda Lambert’s Boutique Property

While the buy-out was not part of the divorce agreement, Lambert felt it was a good time to close the Oklahoma location of her popular Pink Pistol boutique after three years of operation. And it seems that Shelton already has “a plan brewing.”

“As a resident of Tishomingo I’m very sorry that the Pink Pistol has decided to move its operations out of the area,” Shelton said. “We all, as a community, appreciate everything it has done for our town. As for the actual properties left behind… I was offered the opportunity to buy them, and I have a plan brewing.”

But this is not the end of Lambert’s boutique business. The Pink Pistol will be moving to a new flagship location in the beginning of August.

“It feels full circle to have everything under one ‘roof’ basically where it all began in my hometown of Lindale,” said Lambert. “Sometimes you need to close a chapter to build on a new beginning or go back home.”

Dividing Marital Property

While the sale of the boutique location was not part of the couple’s divorce agreement, it does bring up the idea of what happens when it comes to dividing the marital property. How property is divided is completely dependent on various factors.

What State do you Live in?

State laws govern how the marital property will be divided. You will need to check with an attorney to see if you live in an equitable distribution state or a community property state.

What Counts as Property?

Property is anything that can be bought or sold, or anything that has a financial value. This includes: houses, cars, furniture, clothing, bank accounts, businesses, etc. Within that, there are two forms of property when it comes to a marriage: community property and separate property. Community property is anything earned or acquired during the course of the marriage. Separate property belongs to one spouse. States make their own determinations on what counts as separate property. A family law attorney would be able to help you determine what is “separate property” based on your state’s laws.

Other Considerations

There are four other steps that need to be considered when diving marital property:

Identify the assets owned by you and your spouse
Categorize all assets as marital or non-marital property
A value will need to be assigned to the assets
Devise a plan for the division of assets that is in accordance with state laws

No Fault Divorce Laws

Though most states separate the division of marital property from grounds for divorce due to no fault divorce laws, most states do consider any financial misconduct when it comes to dividing marital property. What this means is if you or your spouse has foolishly spent money then you or your spouse will most likely be penalized when it comes to dividing marital property.

Separate Join Financial Obligations

If you feel the division of marital assets might be a contentious point between you are your spouse, you might want to consider separating financial obligations prior to starting the divorce process. Marital property does not only mean furniture and household items, but also joint credit accounts. Each spouse should have access to a complete set of all financial documents. You’ll also want to close all joint credit card accounts. If you’re not able to fully separate the accounts, draft a formal written agreement outlining the activity on the remaining joint accounts. Freeze any investment assets – this will ensure neither spouse misuses funds until everything has been agreed upon. You might also want to consider changing the title on your home to read “tenants in common” until the final agreement regarding marital property has been decided upon.

In addition to figuring out marital property division, you’ll want to consult with professionals familiar with re-structuring finances after divorces.

The Rest of Your Financial Picture

As you move forward in your new life there will be a number of things you need to change: weekend schedules if you have children, perhaps addresses, maybe even your employer if you have to go back to work or get a higher paying job. There are going to be a number of unanswered questions. You don’t have to answer them all immediately, but chances are, you’ll need to answer them sooner rather than later. Here are some things to consider when it comes to your finances after divorce.

Figure Out a Budget
You might not have been the spouse in charge of the finances before. Now that you’re on your own, you’re going to have to be. This can be difficult if you’ve never taken care of a checking account. According to certified divorce financial analyst Eva Sachs, the first step toward financial independence is balancing your income with your expenses. So how do you do that? she advises that you sit down and figure out how much money is coming in (this will vary depending on what side of alimony and child support payments you’re on). After you figure this out you’ll need to assess how much of what is coming in is being spent on living expenses.

“Think of it as a spending plan rather than a budget,” says Sachs. “Knowing where your money goes is key, especially after divorce. There will be many new expenses you might not have thought about prior to your divorce; this is a critical time to refrain from spending money you don’t have.”

It might be helpful to write everything down until you have a clear picture. This will give you an up-close look at your financial habits. If you’ve never done this before, this might be a shock. It’s good to know where you can tighten up, or loosen up so that you can budget accordingly.

Rainy Day Fund

Now that you don’t have a spouse to lean on in times of trouble – loss of job, medical emergency, unplanned home expense – you’ll want to create your own rainy day fund. Any unexpected hits to your bank account will need to be covered by you and solely you. Protect yourself, says Sachs. She recommends creating an emergency fund you can continue adding to when you have the chance.

“An emergency fund should equal three to six months of your living expenses,” she says. “If you can swing it, I recommend six months because you’re now single and need an even bigger cushion if you are not able to work or an emergency occurs.”

Make Sure Assets Have Been Transferred

The papers are signed, your divorce is final, you can consider it over. Think again. According to Cheswick, the divorce may be finalized but your work isn’t really complete until you’ve ensured the assets awarded in the settlement have been distributed. Make sure all your t’s are crossed and i’s dotted before you skip along to singledom. Just because things have been agreed to in a settlement, that doesn’t necessarily mean they will automatically happen.

“I can’t tell you the number of people who will contact me months (and unfortunately even years) after their divorce is finalized and there are still outstanding items which have not been resolved,” Cheswick says. “Remember that the agreement is a legally binding contract that you both signed and agreed to uphold. If one party is failing to comply with the terms of the contract then the other party has every right to take steps to ensure their compliance including going back to court to have the agreement enforced.”

Enlist a Professional

It might seem like another financial burden to use a certified divorce financial planner during your divorce. In addition to legal fees it can feel like yet another financial expense. But a financial planner can save you a lot of headaches while also setting you up for a bright financial future, according to McBurney.

“Most financial mistakes that people make during and after divorce could easily have been avoided if they had sought professional assistance,” she says. “Financial planners can help you figure out how to live within your new financial realities post-divorce and develop strategies for building back your financial security. And tax advisors and CPAs can help you avoid making expensive (and very common!) tax mistakes (related to things like asset transfers, retirement, spousal and child support).”

Retirement

Retirement can be a difficult thing to face during divorce. Chances are you imagined yourself and your spouse sitting on an amazing porch, sipping lemonade, and reminiscing about your children. Just because your spouse is no longer in the equation, that doesn’t mean that you need to abandon your dream retirement life. As Sachs advises, now that the divorce process is almost finalized, look to your future and start to maximize your retirement savings.

“Don’t let divorce stop you from planning for your future,” she says, “Investing in your 401K plan will allow you to save for retirement. You can begin by saving a small amount each week and then let it build slowly or make payroll contributions that match your employer contributions. Don’t stop thinking of the future!”

Just because your future plans have changed, that doesn’t mean it can’t be a bright one. Be smart about your finances and you’ll find the financial freedom you need to help you move on and start a new life.

Working with a Family Law Attorney

As with anything regarding your divorce: child support, spousal support, marital property division, child visitation, etc… you should consult a family law attorney. A lawyer from the expert law firm of Divorce Law LA will be able to guide you through the divorce process. The Divorce & Family Law Offices of Divorce Law LA will provide you with the highest level of expertise and professionalism from our skilled attorneys. Our Divorce and Family Law Practice spans a wide spectrum of areas that include: divorce, high net-worth divorce, marital property division, child custody and visitation, and child support.

Divorce Law LA

33 S. Catalina Ave. Ste. 202

Pasadena, Ca. 91106

(626) 478-3550

https://bestdivorcelawyer.co

After four years of marriage, Miranda Lambert and Blake Shelton have decided to divorce.

Miranda Lambert and Blake Shelton Divorce

After meeting 10 years ago when they performed together at the CMT concert, Miranda Lambert, 31, and Blake Shelton, 39, quickly became country’s golden couple. They were married in 2011 in Boerne, Texas. But now it looks like that golden couple has come to an end.

“This is not the future we envisioned,” their representatives said via statement. “And it is with heavy hearts that we move forward separately. We are real people, with real lives, with real families, friends and colleagues. Therefore, we kindly ask for privacy and compassion concerning this very personal matter.”

In 2011, Shelton became a judge on The Voice. Lambert won a Grammy for best country album for Platinum earlier this year.

In a recent interview with Marie Claire, Lambert spoke about her relationship with Shelton, saying, “I’m not sunshine and roses. Blake’s the happiest person on the planet. He pulls me out of my darkness… Literally, everything is the best about being married.”

When USA Today asked about the status of her marriage last year, Lambert said, “I’m happy. You’ll have to ask Blake how he feels.”

“Blake’s really broken up over this,” says a source close to Shelton. He filed for divorce in his native Oklahoma July 6. It seems that she is as well – recently breaking down during a July 18 concert in Cheyenne, Wyo. According to a source close to Lambert, “She’s very heartbroken, sad, and confused.”

Quick Divorce

While it appears the pair’s divorce was granted only two weeks after Shelton filed, the standard length of time it takes in California is 6 months. Timelines will vary by state, so you’ll want to work with an attorney to find out how quickly your divorce is able to take place. Keep in mind, this is a minimum amount of time. Exact time will be based on your specific conditions and your state.

Lambert’s and Shelton’s divorce might have happened quickly, but according to sources close to the couple, the split itself was a long time coming, and that “Both of them have been unhappy for while.”

Despite the couple’s agreement to not go more than two weeks without seeing each other, an insider says “they were rarely together,” and that “Distance was a major factor.”

Celebrity Divorces

By now we all know that divorce is common in Hollywood. But that seems to be the case in regular life as well. Or is it?Up until a few recently released studies, we also believed the divorce rate was 50% and that one in two marriages ended in divorce. But the idea that America is a divorce crisis might not be all that accurate. We actually might be in the middle of an actual marriage (as in getting married) crisis. Seems like a ton of people are questioning how blissful “wedded bliss” actually is.

Some Statistics

Thoughts on divorce and marriage might be shifting in a way that we weren’t quite aware of. Consider these statistics:

Though the overall divorce rate is dropping slightly across the nation, it’s actually on the rise among 25- to 29-year-olds. All this is according to the latest U.S. Census.
One in 10 first marriages fails within five years.
There are fewer marriages actually happening in the first place. According to Pew Research Center analysis, only 51 percent of adults today are married. That’s compared to 72 percent in 1960. From 2009 to 2010 alone, new marriages fell 5 percent.
According to government data, more than half of the births by women under 30 now occur out of wedlock. “This is quite amazing,” says Helen Fisher, Ph.D., a biological anthropologist at Rutgers University. “A hundred years ago, if you had a child out of marriage, you’d be a social disgrace. Today women feel comfortable enough economically and culturally to bring up a child without a recognized commitment from a man.”

So maybe we have a marriage problem, not a divorce problem.

But when it comes to divorce, it’s usually not a decision that is made lightly… although, there are some bizarre reasons.

Weird Reasons for Divorce

Just like every marriage has its own strengths and weaknesses, ever divorce has its own reasons. But sometimes those reasons are really od. Take these for example:

“Guantanamo.” A Saudi woman filed for divorce after she found out her husband had nicknamed her “Guantanamo” in his cellphone. According to Al Arabiya news, she discovered the unflattering nickname when she called his cellphone and realized he had left it at home. The man defended himself, saying the nickname was to protect the couple’s privacy. “I don’t want people sitting around me to know that this is my wife calling,” he said.

Parrot Spills the Beans. According to ABC News, a Chinese woman learned of her husband’s infidelity from the couple’s pet parrot when he started saying the words “divorce,” “I love you,” and “be patient.” She took the parrot with her to the divorce lawyer.

Too Many Cats. When people hate cats, they really hate cats. And when they love them, they really love them. Apparently, enough to give up their marriage. According to the Times of Israel, a man divorced his wife after she brought home 550 cats. In court he said he was unable to sleep on the bed and unable to eat meals because the cats were always in the way or stealing his food. The woman refused to give up the cats so the husband decided to give up the marriage.

Chances are your divorce won’t be for reasons like this. The more common reasons people get divorced are these:

Lack of communication. When you are unable to communicate due to a lack of sharing feelings, or not keeping your partner in the loop about what’s happening with you emotionally, you create distance. A successful relationship has open lines of communication where things can be resolved. Additionally, chances are you both feel as if something is being left unsaid, which can multiply over time and become a much larger issue than had you just confronted the issue from the beginning.

Financial Issues. Money, and lack of it, can lead to a lot of problems in relationships. You and your spouse might have different mindsets about money. You need to sit down and decide on what your financial goals are and then create a way to reach them. Working together and understanding what each spouse wants can help ease a low flow of money.

Feeling Held Back. When you first started dating your spouse you may have felt as if the sky was the limit, or maybe you felt like you needed to change yourself a little for him or her. Over the course of a marriage things can change. You might feel now as if your spouse and marriage are holding you back from achieving goals and taking opportunities. If you don’t feel supported by your spouse you can begin to feel as if you are being held back from really accomplishing what you want to during your lifetime. Try to get a clear-headed assessment. Are you really being held back? Or maybe it’s just how you are perceiving the situation. An open conversation might be the best place to start.

Trust. Trust is one of the leading factors in having a successful relationship and marriage. It can be impossible to achieve anything if you do not trust each other. Ask yourself if there’s a reason for the lack of trust. Was there an infidelity or past infidelities? Or are you just reading into things? Try to get a clear head about why there is not trust in your relationship. Maybe working with a relationship therapist can help you both deal with any trust issues.

Expectations. If you expected one thing at the beginning of the relationship and you aren’t getting it now, or your expectations have changed, you might find that you aren’t as happy in your relationship as you could be.

Your spouse doesn’t understand or fulfill your needs and desires. We all have different needs and wants that need to be met by the significant other in our lives. If you have a partner that doesn’t acknowledge your interests and desires then they won’t do what they can to fulfill your needs and wants.

Sudden Life Change. New changes happen at every moment in our lives. This can be the birth of a child, death of a parent, sudden job loss, a new opportunity for a job across the country. You will both need to be adaptable and know how to be supportive of each other. Life is unplanned, but you should be able to plan that your spouse will be there to support you whether its a good change or a difficult one.

Domestic Violence. If you’ve been in a situation, or are currently in a situation, where your partner has been abusive or controlling in any manner, you should consider seeking help. If need be, contact a trusted family, friend, or an attorney about this matter.

Family Law Attorney

When it comes to the actual legal process of a divorce, you’ll want to work with a skilled family law attorney. There are a number of things that need to be considered during a divorce: child support, spousal support, marital property division, and other things. Working with a skilled attorney can help ensure you get a fair case. For advice on divorce, child custody determinations, setting up a co-parenting agreement, dividing marital property, and spousal support you need the expert law firm of Divorce Law LA. Schedule a consultation today.

Divorce Law LA, Esq.