Harold Hamm is called by some the richest energy mogul in the country. Apparent evidence of his prowess may be most clearly represented by the current value of the company he created, Continental Resources.
Affordable Care Act and Family Law
One of the most controversial pieces of legislation in modern history is the Affordable Care Act. In the United States, the idea of a government mandated health care plan did not sit well with libertarians or with conservatives. Politics aside, the Affordable Care Act has had a tremendous impact on family law.
Aside from housing, health care can be the costliest monthly expense for the American family. Often, one spouse depends upon the other spouse's job to provide health care coverage. However, once a judgment of dissolution is entered, coverage no longer extends to the nonemployee spouse.
The newly uninsured party is faced with the burden of purchasing a health care plan on the open market, often at staggering expense. And, the cost of health care is a factor which can affect both spousal and child support calculations.
If the newly uninsured party winds up having to pay huge amounts for a health plan, that party's support would be adjusted upward to cover the additional cost. The result is that the supporting party is now faced with a larger support payment to make up for his former spouse's loss of health insurance.
With the advent of the Affordable Care Act, Californians can secure health care coverage for less than $500 in most instances. The result: both parties to a dissolution are seeing some relief. The supporting spouse may have to pay less support and the supported spouse may have relief from high monthly health care premiums.
While citizens may continue to debate the role of government in people's lives, the cost/ benefit and the long-term effectiveness of the Affordable Care Act., it has certainly had a very positive affect in family law.
In order to understand how the Affordable Care Act affects your divorce, it is very important to speak to a knowledgeable attorney in Modesto, CA or Pleasanton, CA.
Collecting Child Support From Unauthorized Immigrants
In California, especially in the Bay Area and Central Valley, people hail from different lands and bear different immigration statuses. Considering we are a nation of immigrants, it is not uncommon to stumble upon an immigration issue in a family law case.
What To Do With a Retirement Plan In a Divorce?
Retirement benefits are often the largest of the various assets which must be divided in a dissolution process. And, not surprisingly, splitting them can be a highly complicated process. Retirement plans are not all created equal. There are many types, each with unique provisions, requirements, and fine print . Indeed, there are state pension plans, private pension plans and federal pension plans.
California spouses may wonder how divorce affects Social Security
With more couples in California choosing to end their marriage later in life, many may wonder how they will survive their retirement years in their newly single situation. No matter a person's age at divorce, the effect divorce can have on finances is often brutal. For older couples, a lifetime of planning for retirement years together may not leave enough if the household is divided. For some spouses, this is where understanding Social Security benefits can prove beneficial.
