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Are high assets a hurdle in divorce?

As Indiana residents going through a divorce, you and your spouse will eventually have to deal with the division of your shared assets. However, the more assets you have, the more complex matters of division and support payments can become. At Katzman & Katzman, P.C., we work to help you through these difficulties.

The biggest potential issue when it comes to high asset divorces is the fact that spousal support, alimony, and child support payments are all determined based on you and your spouse's financial situation at the time of the split. Naturally, you expect to get the full amount possible in order to keep yourself financially afloat.

Common forms of cheating in esports

With esports tournaments now holding millions of dollars in cash prizes for the competitors, many gamers try to find an easier and less ethical way to win. Just like with any competitive sport, cheating is prohibited in major tournaments and will result in severe consequences for the guilty player. Typical punishments include a ban that can last from one year to a lifetime, disqualification and forcing a player to forfeit their prize money.

It can feel difficult to catch these dishonest gamers in action due to the quick and sometimes chaotic nature of the competitions. Regardless, it is important to be aware of these types of cheating so you can avoid succumbing to similar habits yourself and to help you keep an eye out for suspicious behavior while you play.

Important elements of business planning

Many Indiana residents may like the idea of starting a business but realize they do not know what steps they need to take. There are several things people should consider as they put together their business.

Before people launch a company, it is important for them to do thorough research. According to Business News Daily, entrepreneurs have to understand the market and their competitors if they want their business to be a success. Research can help people determine how unique their product really is and how it fills a void in the market. Additionally, it is a good idea to consider potential customers, as well as how to reach them. As people consider starting a company, they also need to think about potential colleagues. Someone may have a great idea for a business but he or she may not have all of the skills necessary to make the business a reality. It is a good idea to work with people who can provide accounting or legal services or other skills someone may not possess. People may also want to consider working with a mentor.

Understanding easements

Reading through the contract may be one of your least favorite things about buying a home, but as we at the law office of Katzman & Katzman, P.C., are aware, it is important to fully understand each item in your deed, as there may be surprises pertaining to the property that you were unaware of. This is especially true when it comes to easements. You and other Indiana residents should understand the purpose of an easement, as well as how it can affect the ownership of your home.

Easements give others legal access to certain areas of a privately owned property, as SFGate explains. Usually, an easement is included in the title for utility or maintenance purposes. For example, you may have an underground power cable or water main in your backyard. If there is a problem with the utility, an easement gives workers the right to enter your property and even to dig or alter landscaping to make repairs or to add or remove equipment.

How should I spend child support?

It may be a relief to receive child support from your ex-spouse. However, he or she may say that you can only spend it on certain things, or even demand to see receipts on your child support expenditures. Your family and friends may also tell you that the state will monitor your child support spending. Like other Indiana residents, you may be confused and worried as to which of these claims are true.

FindLaw explains that child support is meant for your children’s physical and emotional needs. As such, you may choose to spend it on certain necessities, such as the following:

  • Food, clothing and medicine
  • Utilities, rent and household goods
  • School supplies, tuition and extracurricular activities
  • Doctors’ appointments and medical insurance premiums
  • Savings for emergencies

What to include in an employment contract

When hiring and firing professionals is part of your job description in Indiana, chances are, you want to simplify the process and make sure to look out for your employer’s, or your business’s, best interests. One way to do this is to rely on a carefully worded employment contract. At Katzman & Katzman, P.C. we recognize that a meticulously drafted employment contract can protect your business or that of your employer in the event that an employer-employee relationship does not work out. Similarly, we understand that there are certain common areas that a strong employment contract ought to address.

According to Inc., one of the key things to remember when drafting your employment contract is that, while protecting your business is important, so, too, is extending certain protections to the employee. Otherwise, you run the risk of alienating your potential hire and scaring him or her off before he or she even sets foot in the door.

Why it’s important for a lawyer look over your esports contract

Signing a contract to compete in esports may initially sound like a dream come true for a lot of gamers. You’re now getting paid to compete in the games you grew to love over the years and have the chance to join a thriving community.

Unfortunately, not everything is as simple as it seems. Many esports players and companies have seen their fair share of legal drama over the years, and some lawsuits have involved unfair contracts that some players initially agreed to follow. Even though an esports contract may sound like a wonderful opportunity, you shouldn’t blindly sign your name on it without consulting with a legal expert beforehand. Here are a couple reasons why:

Dividing the family home during divorce

What is the most valuable asset you hold jointly with your spouse? If you are like most people in Indiana, the answer to this question is simple: your marital home. Homes are often a good way to build equity and allow you useful asset both financially and practically. However, real estate law and family law intersect in complex ways.

At Katzman & Katzman, P.C., we pride ourselves on communicating these complicated issues clearly and effectively, so you have the power to make the best decisions for your family's future. Real estate assets could be a challenge to divide during your divorce. If you have children in your marriage, dividing your home may be even more complicated. Please find a discussion of a few options that could help simplify your situation.

Many options for child custody

When you get a divorce in Indiana, one of the most pressing things on your mind may be your custody arrangement. Child custody can come in many forms and it may surprise you to learn how many options there are. At Katzman and Katzman, P.C., we know how important it is for you to understand all of your options.

You may think that if you have custody of your child, you can make important decisions for your kid. FindLaw says this may only be the case if you have legal custody. Legal custody means that you can choose what religion your child will follow growing up and what kind of health care your child will receive. A parent with this type of custody can also choose where a kid will go to school. If you and your ex-spouse have joint legal custody, this means you usually need to make these decisions together. Many courts may prefer to award joint legal custody so both parents can play a role in their child's life. However, if you realize that your child's other parent is not willing to effectively co-parent, you may be able to speak to a court about sole legal custody.

Flip houses are not always what they seem

The popularity of flip houses has skyrocketed thanks to the success of television shows that portray the almost magical transformation of an old, ailing house into a beautiful home. The stunning homes on television have led many people around Indiana to purchase flip homes themselves.

However, when it comes to flip houses, there is often more than meets the eye. Over the years, several families have reported that their new house hid significant defects and safety issues.

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Katzman & Katzman, P.C.

Katzman & Katzman, P.C.
3500 Depauw Blvd., Suite 2100
Indianapolis, IN 46268

Toll Free: 866-557-8841
Phone: 317-973-0881
Fax: 317-872-5769
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