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newscronicle · 10 years ago

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You may not know Amit Raіzada’s name, but some of KC’s wealthy won’t soon forget it

On December 26, 2012, Amit Raizada drove his wife, Amanda Raizada, to the office of his estate-planning attorneys. Amanda was presented with several large binders filled with documents and instructed to sign where indicated.

“Amit told me that I needed to sign the documents and to trust him because everything he did was for the good of the family,” Amanda later stated in a sworn affidavit.

Amit Raizada was, and still is, CEO of Spectrum Business Ventures, a private investment firm that was headquartered then on Kansas City’s Country Club Plaza. Personal financial statements at the time valued the couple’s estate at $90 million.

But Amanda Raizada alleges — and e-mails introduced into the couple’s divorce proceedings confirm — that Smith chose Bernstein to serve as Amanda’s counsel. Smith wrote to Amit on November 5, 2012: “Attached is Sheldon Bernstein’s business card. Amanda needs to contact him. He has the agreement and all the documents. I met with him to provide the background.” Four minutes later, Amit forwarded Smith’s e-mail to Amanda and wrote, “Please call the guy and set up the next available appointment.”

Could Bernstein serve as an independent and disinterested legal counsel for Amanda Raizada, given that opposing counsel Smith handpicked him and met with him prior to Amanda’s even knowing his name? That question is at issue in the couple’s ongoing divorce proceedings, due to what Amanda discovered a year later, after she and Amit separated. (Bernstein declined to comment for this story.)

By signing the postnup, Amanda had cleared the way for a reshuffling of the Raizadas’ estate plans — plans that, upon execution, resulted in the transfer of 70 percent of the assets on her side of the couple’s financial statement into irrevocable trusts for their children and Amit Raizada–owned entities.

“Ms. Raizada’s 22% ownership interest in the Raizada Group, LP, rather than providing $16 million in assets, resulted in a projected $237,000 tax liability for her in 2013,” say her attorneys, Bradley Manson and Katie McClaflin, of Manson Karbank Burke. “Mr. Raizada … not only directly undermined the value of the parties’ assets, but actually divested Ms. Raizada of the vast majority of her wealth, leaving her with hundreds of thousands of dollars in potential tax liabilities every year for the rest of her life.”

“Amit exercised complete control and made all decisions regarding estate planning during our marriage,” Amanda stated in an affidavit. “My husband did not ask me what I wanted to do with my assets, or explain to me what he was planning with his attorneys.”

Amit Raizada did, however, discuss some details of the arrangement with Michael Gortenburg, who was a principal at the time at Spectrum Business Ventures. According to Gortenburg, Amit Raizada walked into his office one day in a cheery mood and informed him that Amanda had recently signed the postnup. Gortenburg asked if Amanda had a lawyer. Raizada responded that she did but that he had told her that he himself had “read the agreement, it was fine, and the lawyer’s objections were just an attempt to run up big fees.”

According to Gortenburg, Amit Raizada said he had convinced Amanda to sign the postnup by telling her that Gortenburg and Scott Asner (another of Raizada’s business partners at Spectrum Business Ventures) would not do business with him unless she signed it. Gortenburg responded that he had never said such a thing nor had he heard Asner say such a thing.

Raizada shrugged his shoulders and said, “I can’t believe she signed it,” according to Gortenburg.

By just about every account, Amit Raizada is a savvy businessman with a talent for structuring deals. Amanda Raizada is a stay-at-home mother of three with almost no business background. And she trusted her husband.

She’s not alone. In alleging that she is the victim of financial trickery orchestrated by Amit Raizada, Amanda Raizada joins a growing chorus of individuals, locally and across the country, who say Amit duped them. Unlike Amanda, though, many in this group had extensive experience in the business world.

None of that experience seemed to prepare them for making deals with Amit Raizada.

Amit Raizada moved to Miami last year, following a decade spent building his fortune in the Kansas City area. He did not respond to requests for comment for this article.

Born in India in 1976, Raizada was brought to the United States when he was about 18 months old. He attended high school in Farmington Hills, Michigan, and college at Michigan State University and Cornell University, according to a 2004 deposition. After college, Raizada moved to Florida and met Amanda; the two took up residence in Michigan, where she finished her degree at Michigan State, and he opened three Nextel wireless retail locations in Grand Rapids. In 2000, Raizada sold the Nextel stores, and the couple resettled in Olathe. Amanda is from the area and graduated from Olathe North High School.

On July 8, 2002, Raizada stopped in at a US Bank in Olathe to make a deposit for Cellular 4 Less. While waiting for one teller to process his deposits, he handed another teller roughly $2,000 in cash and asked her to change it into higher bills. The teller asked for Raizada’s ID and Social Security number. At that point, a dispute broke out. Several bank employees swore under oath that Raizada called the tellers “fucking whores” and “fucking bitches.” He also allegedly spit on the bank supervisor and punched her in the chest. Raizada stated in a subsequent deposition that he felt he was being discriminated against by the US Bank employees because of his race. He later sued US Bank and settled out of court.

Representing Raizada in these legal actions was Phillip “Chuck” Rouse, of the law firm Douthit Frets Rouse Gentile & Rhodes. During this period, Raizada moved his office into the same building as Rouse’s firm: 903 East 104th Street, near Holmes Road and Interstate 435. According to Kansas business filings, Rouse and the other partners in the firm still retain ownership interests in some of Raizada’s businesses. The firm, which now has its office in Leawood’s Park Place district, declined to comment for this story.

After the US Bank episode, Raizada was involved in rolling out T-Mobile stores in California, and with rehabbing and reselling local real-estate properties through a company called Kansas City Real Estate Investors Inc. In 2005, he changed the name of the latter company to Spectrum Business Ventures. Joining Raizada at Spectrum were Asner and Gortenburg, two local real-estate investors specializing in multifamily housing. The company evolved into an investment firm and capital venture that aimed, marketing materials read, “to bring exclusive opportunities to create and preserve wealth — while trying to minimize risk — to family offices, high-net-worth individuals and institutional investors.” Raizada moved to Mission Hills in 2006.

Raizada, Asner and Gortenburg had done well on their own prior to Spectrum Business Ventures, but what took their joint operation into the financial stratosphere was a series of investments tied to online payday lending.

As The Pitch has been reporting for more than a year, many wealthy Kansas Citians doubled and tripled their net worth over the past decade by investing in online payday-lending operations, which are notorious for charging borrowers interest rates of several hundred percent and hidden fees.

As a software provider, eData Solutions offered the technology to filter loan applicants, process transactions, and purchase defaulted loans from customers for third-party resale to debt-collection agencies. The company grossed $30 million in 2007, $37 million in 2008, $38 million in 2009 and $54 million in 2010, according to documents obtained by The Pitch.

To expand eData, its founder, Joel Tucker, sought increased financing in 2008. Spectrum Business Ventures was ready to help him.

In 2011, Spectrum Business Ventures owned 17 percent of eData and, according to several sources, owned significantly more in 2012, when the company was sold to the Wyandotte Nation, an American Indian tribe, for $277 million. (Forging alliances with Indian tribes is a common strategy in the payday-loan industry. Because tribes enjoy sovereign immunity, businesses that claim to be based on tribal land are more difficult to regulate and prosecute.)

Receipts obtained by The Pitch, as well as court depositions, document nights of stunning excess. In August 2012, Raizada racked up a $94,000 tab in a single evening at a Las Vegas club called XS Nightclub. The following day, he spent $40,000 at Encore Beach Club. On a trip to Chicago in November 2012, he spent $20,000 at a nightclub called Board Room, and another $41,000 at a venue called Paris Club. In his divorce case, Raizada testified under oath that “spending $100,000 or $200,000 in an evening at a club entertaining was normal and ordinary business.” (Some of these expenses are being contested in court by former business partners.)

The payday party ground to a sudden halt in 2013, when the federal government implemented what has become known as Operation Choke Point. The Department of Justice began sending subpoenas to banks and payment-processing firms that facilitated online payday loans, and the Federal Deposit Insurance Corp. began auditing banks suspected of processing Automated Clearing House (ACH) payments involving lenders under suspicion. Those banks and processors, fearing financial and regulatory penalties, treated their former clients like hot potatoes: Virtually overnight, online payday-lending operations found themselves without the ability to drop money into — and, more essentially, out of — borrowers’ accounts.

It’s easy not to ask too many questions when big checks are rolling in. It’s only when the cash machine stops spitting out bills that people have a tendency to become a little more detail-oriented. When the golden payday yacht sank, Raizada’s business partners began wondering about their money. Many are still waiting for answers.

In the past year, five lawsuits have been filed by former business associates of Raizada’s, alleging that he defrauded them of large sums of money. Multiple sources confirm that still more have either settled with Raizada out of court or are in the process of doing so.

For the most part, these individuals are not complaining because Raizada or Spectrum Business Ventures irresponsibly sank their money into payday funds that tanked when the government went after that industry. Much of the fraud that he is accused of is instead similar to what Amanda Raizada claims in her divorce pleadings: sneaky, complex financial manipulation and self-dealing relating to back-office shuffling of corporations and limited liability companies.

Asner and Gortenburg know what she means.

By 2013, Spectrum Business Ventures had moved its operations from its 104th Street office to a tonier space on the second floor of 420 Nichols Road, on the Country Club Plaza. In the middle of that year, Asner and Gortenburg, then principals at the firm and partners with Raizada and Rouse in dozens of operating companies and real-estate projects, were tipped to suspicions of foul play in Raizada’s business dealings. They soon found evidence that, through an entity called Spectrum Management LLC, Raizada had been improperly invoicing a variety of personal expenses to various other entities in which Spectrum Business Ventures had invested. Asner and Gortenburg also say they discovered that Raizada was misrepresenting financial information related to entities in which they were investors, and misrepresenting the price he paid to acquire certain entities.

Not exactly the stuff movies are made of. Still, Raizada’s transgressions were serious enough that Asner and Gortenburg moved out of the Plaza office. In resolving the dispute, Raizada relinquished control of 12 companies in which he, Asner and Gortenburg shared an interest, and paid Asner and Gortenburg a $4 million settlement in November 2013.

In 2008, Raizada and a business associate he had met in Mexico, Richard Houghton, began pitching Mexican land deals to local investors. Houghton already had a record of unscrupulous behavior. He and three other self-proclaimed movie producers agreed in 2002 to pay $18.5 million in penalties and restitution for selling bogus securities via a boiler-room-like operation in California. The premise was that the investments would finance two upcoming Hollywood films: a drama starring Ben Kingsley, called American Peacekeepers, and a children’s movie called Treasure Hunt. Investment returns of 400 percent were promised. In reality, neither film existed, and more than 200 investors lost all their money.

It is believed that Raizada met Houghton on a business trip to Mexico; Houghton had taken up residence on a yacht in Tulum following the California lawsuit. Documents and correspondence obtained by The Pitch strongly suggest that Raizada and Houghton then conspired to defraud investors by inventing a story that would attract capital investments. For example, Raizada sent the following e-mail to Houghton on January 10, 2009, in advance of David Vittor’s visit to consider investing with Raizada. (Vittor is the former president of Major Brands, the largest alcohol distributor in Missouri.)

Story of Rich [Houghton],” Raizada wrote to Houghton. “Sold Venture Capital Company for several hundred million out of La Jolla, CA. Moved to Mexico west coast. Saw that all opportunity was on East coast (Tulum). Have made LOT of money in Tulum by buying land, zoning it, dividing it up into sections and selling it.”

Raizada went on: “Ask him [Vittor] behind my back what I’m getting besides my lots for upside. Tell him he is surprised that I’m not making the lots up or asking for some of his upside. Tell him he must have a good relationship with Amit, because if I were Amit I would never show anyone the goldmine we hit.”

Vittor — as well as Steve Sobek, a local real-estate broker; Ed Schifman, former CEO of Interconnect Devices Inc.; Steve Grewal, a local homebuilder; Asner; and Gortenburg — invested several million dollars in the Mexican land deals, according to documents obtained by The Pitch. In 2011, Raizada reported to investors that Houghton had embezzled the Mexican real estate. Their money was gone.

Vittor, Sobek, Schifman and Grewal either declined to comment or did not respond to requests for comment about whether they had reached an out-of-court settlement with Raizada over the Mexican deals. But Asner and Gortenburg are pursuing financial restitution over Mexico, alleging that Raizada diverted their investment money into his personal accounts.

“There is no clear or logical story that has emerged regarding the Mexico land deal,” Dan Blegen, who represents Asner and Gortenburg in the Mexico suit, tells The Pitch. “Amit has told different stories to different people at different times. His explanation of the timing of the deals makes no sense, and his pleadings make no sense and are internally inconsistent. We have no idea if anyone’s investment in Mexico was actually legitimate. At this point, it does not appear that Amit ever had the land investment in Mexico that he sold to people. It was just a way for him to take money from people. He essentially sold people nothing.”

An investment involving the sale of wireless stores in St. Louis provides perhaps the most easily grasped representation of how Raizada’s opponents say he did business. Two separate lawsuits, both filed in 2014 in Jackson County, charge that Raizada approached a group of investors in 2009 about purchasing four distressed Verizon Wireless stores in St. Louis for $1.4 million. What actually happened, these investors allege, is that Raizada bought the stores for $400,000, through an entity he created called Cellular Management LLC. He then waited two weeks and sold the stores to the investors for $1.4 million — essentially creating $1 million out of thin air.

“He lied to everybody,” says Blegen, who is also the attorney for spurned investor Efraim Gershom. “And even after the purchase, we believe there was additional malfeasance and self-dealing in his management of the stores.” (Gershom’s lawsuit also alleges that Raizada misrepresented the value of some Arkansas subdivision lots that Raizada sold to Gershom.)

The other group of investors that has brought suit against Raizada over the St. Louis Verizon stores includes Terry Van Der Tuuk, who founded and took public Graphic Technology Inc.; Jon Staenberg, a techie venture capitalist from Seattle; and Dan Becker, a senior vice president at Waddell & Reed, the prestigious Overland Park asset-management firm.

Becker was also an investor, through Raizada, in eData Solutions. Documents obtained by The Pitch indicate that Becker had a percentage interest in eData in 2010, via his investment vehicle Badger Capital LLC. Was Becker investing Waddell & Reed clients’ money in eData or other online payday-lending entities? “No comment,” Becker tells The Pitch.

(Becker and Sobek, who was also an eData Solutions investor, share financial-victim status in a separate alleged scheme. Both invested with Brenda Wood, the Leavenworth businesswoman accused of running a check-kiting scheme on a downtown Kansas City real-estate deal. Becker has sued Wood for $6.1 million.)

A revocable trust in Vittor’s name was one of the plaintiffs in a lawsuit filed in early 2014 in Miami against Raizada. The lawsuit centers on Adore, an opulent Miami club opened by nightlife mogul Cy Waits (best known as Paris Hilton’s ex-boyfriend) and bankrolled in part by Spectrum Business Ventures. The plaintiffs claimed that Raizada interfered with the development of the club, diverted its funds to Raizada-affiliated entities, and charged inappropriate expenditures to Adore’s books.

The parties have since resolved their differences. “The air has been cleared,” Raizada said in a press release last August. “After bringing in independent forensic accountants and completing a thorough review of project documents, we have shown there were no improprieties of any sort by my firm, our staff, or myself.” Adore permanently closed the same month, after only four months in business.

Resolution on the other lawsuits brought against Raizada remains elusive. Of those, Raizada’s attorney Pete Smith says: “Out of over 100 transactions, people were upset that five transactions lost money. Overall, the track record was great, but there seems to be a lack of realization that high-return investments carry commensurate risk, and when risky transactions go awry, the loss does not result from fraud.”

Spectrum Business Ventures today lists a post-office box in Lee’s Summit as its headquarters. Asner and Gortenburg took over the former SBV headquarters, at 420 Nichols Road, as part of the process of severing their professional ties with Raizada. They now operate a real-estate investment firm there called Eighteen Capital.

In the southwest corner of the space — where windows overlook Sperry, Cole Haan and other high-dollar retailers — is Raizada’s former office. It contains a large desk, mahogany molding, a large TV mounted on the wall — and little else. Nearly a year and a half after Raizada’s acrimonious departure, his office remains unoccupied, an odd vacancy in an otherwise vibrant business environment. The mention of Raizada’s name to former SBV employees in the office induces not just frowns but also traces of trauma.

“Amit is a really bright guy,” one former SBV employee said in December. “He could have done really great things here.” The employee shook his head and got back to work.

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globaltoday · 10 years ago

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You may not know Amit Raіzada’s name, but some of KC’s wealthy won’t soon forget it

“Amit told me that I needed to sign the documents and to trust him because everything he did was for the good of the family,” Amanda later stated in a sworn affidavit.

Seven days earlier, Amanda Raizada had signed an amended postnuptial agreement. Amit Raizada and his attorney Pete Smith, of McDowell Rice Smith & Buchanan, have since argued in court that Amanda voluntarily signed the postnuptial agreement; Smith has supplied evidence of a monthlong correspondence between him and Sheldon Bernstein, who served as Amanda Raizada’s legal counsel for the postnup, prior to her signing the agreement. But Amanda Raizada alleges — and e-mails introduced into the couple’s divorce proceedings confirm — that Smith chose Bernstein to serve as Amanda’s counsel. Smith wrote to Amit on November 5, 2012: “Attached is Sheldon Bernstein’s business card. Amanda needs to contact him. He has the agreement and all the documents. I met with him to provide the background.” Four minutes later, Amit forwarded Smith’s e-mail to Amanda and wrote, “Please call the guy and set up the next available appointment.”

Ms. Raizada’s 22% ownership interest in the Raizada Group, LP, rather than providing $16 million in assets, resulted in a projected $237,000 tax liability for her in 2013,” say her attorneys, Bradley Manson and Katie McClaflin, of Manson Karbank Burke. “Mr. Raizada … not only directly undermined the value of the parties’ assets, but actually divested Ms. Raizada of the vast majority of her wealth, leaving her with hundreds of thousands of dollars in potential tax liabilities every year for the rest of her life.”

Raizada shrugged his shoulders and said, “I can’t believe she signed it,” according to Gortenburg.

Amit Raizada moved to Miami last year, following a decade spent building his fortune in the Kansas City area. He did not respond to requests for comment for this article.

Raizada’s first Kansas City–area business venture was Cellular 4 Less, a chain of authorized Cingular Wireless retail outlets with locations in St. Joseph, Lawrence, Mission, Shawnee, Lenexa and Bonner Springs. Cellular 4 Less also operated kiosks inside local Wal-Marts. On July 8, 2002, Raizada stopped in at a US Bank in Olathe to make a deposit for Cellular 4 Less. While waiting for one teller to process his deposits, he handed another teller roughly $2,000 in cash and asked her to change it into higher bills. The teller asked for Raizada’s ID and Social Security number. At that point, a dispute broke out. Several bank employees swore under oath that Raizada called the tellers “fucking whores” and “fucking bitches.” He also allegedly spit on the bank supervisor and punched her in the chest. Raizada stated in a subsequent deposition that he felt he was being discriminated against by the US Bank employees because of his race. He later sued US Bank and settled out of court.

Raizada was arrested and charged with two counts of battery and one count of disorderly conduct. He later agreed to a 12-month diversion program and undertook an anger-management class. Raizada also paid a settlement to one of the tellers after she filed a civil suit against him. Representing Raizada in these legal actions was Phillip “Chuck” Rouse, of the law firm Douthit Frets Rouse Gentile & Rhodes. During this period, Raizada moved his office into the same building as Rouse’s firm: 903 East 104th Street, near Holmes Road and Interstate 435. According to Kansas business filings, Rouse and the other partners in the firm still retain ownership interests in some of Raizada’s businesses. The firm, which now has its office in Leawood’s Park Place district, declined to comment for this story.

To expand eData, its founder, Joel Tucker, sought increased financing in 2008. Spectrum Business Ventures was ready to help him. In 2011, Spectrum Business Ventures owned 17 percent of eData and, according to several sources, owned significantly more in 2012, when the company was sold to the Wyandotte Nation, an American Indian tribe, for $277 million. (Forging alliances with Indian tribes is a common strategy in the payday-loan industry. Because tribes enjoy sovereign immunity, businesses that claim to be based on tribal land are more difficult to regulate and prosecute.)

At the height of the online-lending boom in Kansas City’s business community — 2007–13 — investors such as Spectrum Business Ventures were enjoying annualized rates of return as high as 40 percent. If you knew the right people, you could turn $500,000 into $700,000 in a year. Raizada was one such person. And while the low-income borrowers of these payday loans watched helplessly as online-lending operations drained their bank accounts via hidden fees and exorbitant interest rates, people such as Raizada were living large — very large. Receipts obtained by The Pitch, as well as court depositions, document nights of stunning excess. In August 2012, Raizada racked up a $94,000 tab in a single evening at a Las Vegas club called XS Nightclub. The following day, he spent $40,000 at Encore Beach Club. On a trip to Chicago in November 2012, he spent $20,000 at a nightclub called Board Room, and another $41,000 at a venue called Paris Club. In his divorce case, Raizada testified under oath that “spending $100,000 or $200,000 in an evening at a club entertaining was normal and ordinary business.” (Some of these expenses are being contested in court by former business partners.) The payday party ground to a sudden halt in 2013, when the federal government implemented what has become known as Operation Choke Point. The Department of Justice began sending subpoenas to banks and payment-processing firms that facilitated online payday loans, and the Federal Deposit Insurance Corp. began auditing banks suspected of processing Automated Clearing House (ACH) payments involving lenders under suspicion. Those banks and processors, fearing financial and regulatory penalties, treated their former clients like hot potatoes: Virtually overnight, online payday-lending operations found themselves without the ability to drop money into — and, more essentially, out of — borrowers’ accounts.

As Amit Raizada’s divorce filing puts it: “The incoming stream of his [Raizada’s] personal cash flow has been severely curtailed given that the Raizada Group had significant investments in payday lending industry entities which involves an industry that is in a state of flux resulting in a significant reduction in the amount of cash flow that flowed through Spectrum Business Ventures and then to him [Raizada].” It’s easy not to ask too many questions when big checks are rolling in. It’s only when the cash machine stops spitting out bills that people have a tendency to become a little more detail-oriented. When the golden payday yacht sank, Raizada’s business partners began wondering about their money. Many are still waiting for answers.

Asner and Gortenburg know what she means.

“Story of Rich [Houghton],” Raizada wrote to Houghton. “Sold Venture Capital Company for several hundred million out of La Jolla, CA. Moved to Mexico west coast. Saw that all opportunity was on East coast (Tulum). Have made LOT of money in Tulum by buying land, zoning it, dividing it up into sections and selling it.”

“Amit is a really bright guy,” one former SBV employee said in December. “He could have done really great things here.” The employee shook his head and got back to work.

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coercivecontrol · 4 months ago

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Divorce Lawyers Brisbane: Your Comprehensive Guide to Navigating Divorce

Divorce is a life-changing event that can bring emotional, financial, and legal challenges. Whether you’re considering a divorce or are already in the process, having the right legal guidance is crucial. Divorce lawyers in Brisbane offer expert support to help you navigate the complexities of the legal system and ensure that your rights and interests are protected.

In this blog post, we’ll explore common topics related to divorce, challenges you may face, a step-by-step guide to the divorce process, a case study that highlights the importance of professional legal assistance, and a conclusion that ties everything together.

1. Understanding the Role of Divorce Lawyers in Brisbane

When it comes to divorce, many people may wonder why they need a lawyer. After all, isn’t divorce just about signing some papers and moving on? The reality is that divorce is a legal process that involves the dissolution of a marriage, and this process can be complex.

Why You Need a Divorce Lawyer

Legal Expertise: Divorce lawyers in Brisbane are familiar with family law and can provide expert advice on matters such as property division, child custody, and spousal support.

Objective Guidance: During a divorce, emotions can run high. A lawyer can provide objective advice and help you make decisions based on facts and legal requirements rather than emotions.

Paperwork and Legal Processes: Divorce involves a lot of paperwork and court processes. A lawyer will ensure that all documents are correctly filed and that you meet all legal deadlines.

2. Common Topics Everyone Should Know About Divorce in Brisbane

When going through a divorce, several key areas require careful consideration. These areas can significantly impact the outcome of your divorce and your future.

2.1. Property Division: Who Gets What?

In Brisbane, property division during a divorce is governed by family law principles. The court considers various factors to ensure that the division is fair and equitable. These factors include:

The length of the marriage

Each party’s financial and non-financial contributions

The future needs of each party

Divorce lawyers in Brisbane can help you understand your rights and ensure that you receive a fair share of the marital assets.

2.2. Child Custody and Parenting Arrangements

Child custody is one of the most contentious issues in a divorce. The court’s primary concern is the best interests of the child. Factors considered include:

The child’s relationship with each parent

The ability of each parent to provide for the child’s needs

The child’s own wishes, depending on their age and maturity

Working with a divorce lawyer can help you negotiate a parenting arrangement that works for everyone involved, especially the children.

2.3. Spousal Support: Will You Need to Pay or Receive Alimony?

Spousal support, also known as alimony, may be awarded to one party in a divorce. The amount and duration of support depend on several factors, such as:

The length of the marriage

The financial needs and earning capacities of both parties

The standard of living established during the marriage

A divorce lawyer in Brisbane can help you understand if you are entitled to spousal support or if you may need to pay it.

2.4. Financial Agreements: Protecting Your Assets

A financial agreement, often referred to as a “prenup” or “postnup,” is a legal document that outlines how assets will be divided in the event of a divorce. These agreements can be made before or during the marriage and can help protect your assets.

Divorce lawyers in Brisbane can assist in drafting and reviewing financial agreements to ensure that they are legally binding and fair.

3. Challenges Faced During Divorce

Divorce is not just a legal process; it is also an emotional journey that can bring many challenges. Understanding these challenges can help you prepare and navigate them more effectively.

3.1. Emotional Stress and Mental Health

The emotional toll of divorce can be significant. Feelings of anger, sadness, fear, and uncertainty are common. These emotions can impact your mental health and make it difficult to make clear decisions.

How to Overcome:

Seek Support: Consider talking to a therapist or counselor who can help you manage your emotions.

Stay Focused: Try to stay focused on the future and what you need to do to move forward.

3.2. Financial Uncertainty

Divorce can lead to financial uncertainty, especially if one party was the primary breadwinner. You may need to adjust to a new financial reality, which can be challenging.

How to Overcome:

Create a Budget: Work with a financial planner to create a budget that reflects your new financial situation.

Understand Your Rights: Consult with a divorce lawyer in Brisbane to ensure that you receive a fair share of assets and support.

3.3. Impact on Children

Children are often the most affected by a divorce. They may struggle with feelings of confusion, guilt, and sadness.

How to Overcome:

Communicate Openly: Talk to your children about the divorce in an age-appropriate way and reassure them that both parents will continue to love and support them.

Create Stability: Try to maintain routines and stability in your children’s lives as much as possible.

3.4. Navigating the Legal System

The legal system can be intimidating, especially if you are unfamiliar with it. Filing paperwork, attending court hearings, and meeting deadlines can be overwhelming.

How to Overcome:

Hire a Lawyer: A divorce lawyer in Brisbane can guide you through the legal process and ensure that everything is done correctly.

4. Step-by-Step Guide to the Divorce Process in Brisbane

Navigating the divorce process can be complex, but understanding the steps involved can help you prepare.

Step 1: Decide to Divorce

The first step in the divorce process is making the decision to divorce. This is often the most difficult step and should not be taken lightly.

Consider:

Counseling: Before deciding to divorce, consider marriage counseling to see if the relationship can be repaired.

Legal Advice: Consult with a divorce lawyer in Brisbane to understand your rights and what to expect during the divorce process.

Step 2: File for Divorce

Once you have decided to divorce, you need to file a divorce application with the court. In Brisbane, you must meet certain criteria, such as:

Being separated for at least 12 months

Having a valid marriage certificate

How to File:

Online Application: You can file for divorce online through the Federal Circuit and Family Court of Australia’s website.

Serve the Papers: The divorce papers must be served on your spouse, either by mail or in person.

Step 3: Negotiate a Settlement

After filing for divorce, you and your spouse will need to negotiate a settlement. This includes decisions about property division, child custody, and spousal support.

Options for Negotiation:

Mediation: A neutral third party can help you and your spouse reach an agreement.

Collaborative Law: Both parties work with their lawyers to negotiate a settlement without going to court.

Step 4: Court Proceedings

If you and your spouse cannot reach an agreement, the court will make decisions on your behalf. This can involve hearings and trials.

Court Process:

Interim Orders: The court may issue temporary orders regarding child custody, support, and property until a final decision is made.

Final Hearing: The court will make a final decision on all unresolved issues.

Step 5: Finalize the Divorce

Once all issues have been resolved, the court will grant a divorce order. This order officially ends the marriage.

Final Steps:

Implement Agreements: Ensure that all financial agreements and custody arrangements are implemented.

Update Legal Documents: Update your will, insurance policies, and other legal documents to reflect your new status.

5. Case Study: The Importance of Professional Legal Assistance

To illustrate the importance of working with a divorce lawyer in Brisbane, consider the following case study.

Case Study: Sarah’s Story

Sarah and her husband, Mark, had been married for 15 years and had two children. When their marriage began to fall apart, they decided to divorce amicably. They agreed to divide their assets and share custody of their children without involving lawyers.

However, as the process unfolded, disagreements arose. Sarah felt that the property division was unfair and that Mark was not fulfilling his responsibilities as a co-parent. The stress of the situation began to affect her mental health and her ability to focus on her job.

Feeling overwhelmed, Sarah decided to hire a divorce lawyer in Brisbane. Her lawyer reviewed the settlement and identified several areas where Sarah was not receiving her fair share. The lawyer also helped her negotiate a more equitable custody arrangement that better suited the needs of the children.

With the lawyer’s help, Sarah was able to reach a fair settlement and finalize the divorce. She later reflected that hiring a lawyer was the best decision she made during the process, as it ensured that her rights were protected and that the divorce was resolved as smoothly as possible.

6. Conclusion: Why Choosing the Right Divorce Lawyer Matters

Divorce is a challenging process that can impact every aspect of your life, from your finances to your emotional well-being. Having the right legal support can make all the difference. Divorce lawyers in Brisbane are skilled professionals who can guide you through the legal system, help you navigate the challenges of divorce, and ensure that your rights are protected.

By understanding the role of divorce lawyers, the common topics everyone should know, the challenges you may face, and the steps involved in the divorce process, you can approach your divorce with greater confidence and clarity.

0 notes

adoptionlawyersbrisbane · 4 months ago

Text

Divorce Lawyers Brisbane: Your Comprehensive Guide to Navigating Divorce

1. Understanding the Role of Divorce Lawyers in Brisbane

Why You Need a Divorce Lawyer

Legal Expertise: Divorce lawyers in Brisbane are familiar with family law and can provide expert advice on matters such as property division, child custody, and spousal support.

Objective Guidance: During a divorce, emotions can run high. A lawyer can provide objective advice and help you make decisions based on facts and legal requirements rather than emotions.

Paperwork and Legal Processes: Divorce involves a lot of paperwork and court processes. A lawyer will ensure that all documents are correctly filed and that you meet all legal deadlines.

2. Common Topics Everyone Should Know About Divorce in Brisbane

When going through a divorce, several key areas require careful consideration. These areas can significantly impact the outcome of your divorce and your future.

2.1. Property Division: Who Gets What?

In Brisbane, property division during a divorce is governed by family law principles. The court considers various factors to ensure that the division is fair and equitable. These factors include:

The length of the marriage

Each party’s financial and non-financial contributions

The future needs of each party

Divorce lawyers in Brisbane can help you understand your rights and ensure that you receive a fair share of the marital assets.

2.2. Child Custody and Parenting Arrangements

Child custody is one of the most contentious issues in a divorce. The court’s primary concern is the best interests of the child. Factors considered include:

The child’s relationship with each parent

The ability of each parent to provide for the child’s needs

The child’s own wishes, depending on their age and maturity

Working with a divorce lawyer can help you negotiate a parenting arrangement that works for everyone involved, especially the children.

2.3. Spousal Support: Will You Need to Pay or Receive Alimony?

Spousal support, also known as alimony, may be awarded to one party in a divorce. The amount and duration of support depend on several factors, such as:

The length of the marriage

The financial needs and earning capacities of both parties

The standard of living established during the marriage

A divorce lawyer in Brisbane can help you understand if you are entitled to spousal support or if you may need to pay it.

2.4. Financial Agreements: Protecting Your Assets

Divorce lawyers in Brisbane can assist in drafting and reviewing financial agreements to ensure that they are legally binding and fair.

3. Challenges Faced During Divorce

Divorce is not just a legal process; it is also an emotional journey that can bring many challenges. Understanding these challenges can help you prepare and navigate them more effectively.

3.1. Emotional Stress and Mental Health

How to Overcome:

Seek Support: Consider talking to a therapist or counselor who can help you manage your emotions.

Stay Focused: Try to stay focused on the future and what you need to do to move forward.

3.2. Financial Uncertainty

Divorce can lead to financial uncertainty, especially if one party was the primary breadwinner. You may need to adjust to a new financial reality, which can be challenging.

How to Overcome:

Create a Budget: Work with a financial planner to create a budget that reflects your new financial situation.

Understand Your Rights: Consult with a divorce lawyer in Brisbane to ensure that you receive a fair share of assets and support.

3.3. Impact on Children

Children are often the most affected by a divorce. They may struggle with feelings of confusion, guilt, and sadness.

How to Overcome:

Communicate Openly: Talk to your children about the divorce in an age-appropriate way and reassure them that both parents will continue to love and support them.

Create Stability: Try to maintain routines and stability in your children’s lives as much as possible.

3.4. Navigating the Legal System

The legal system can be intimidating, especially if you are unfamiliar with it. Filing paperwork, attending court hearings, and meeting deadlines can be overwhelming.

How to Overcome:

Hire a Lawyer: A divorce lawyer in Brisbane can guide you through the legal process and ensure that everything is done correctly.

4. Step-by-Step Guide to the Divorce Process in Brisbane

Navigating the divorce process can be complex, but understanding the steps involved can help you prepare.

Step 1: Decide to Divorce

The first step in the divorce process is making the decision to divorce. This is often the most difficult step and should not be taken lightly.

Consider:

Counseling: Before deciding to divorce, consider marriage counseling to see if the relationship can be repaired.

Legal Advice: Consult with a divorce lawyer in Brisbane to understand your rights and what to expect during the divorce process.

Step 2: File for Divorce

Once you have decided to divorce, you need to file a divorce application with the court. In Brisbane, you must meet certain criteria, such as:

Being separated for at least 12 months

Having a valid marriage certificate

How to File:

Online Application: You can file for divorce online through the Federal Circuit and Family Court of Australia’s website.

Serve the Papers: The divorce papers must be served on your spouse, either by mail or in person.

Step 3: Negotiate a Settlement

After filing for divorce, you and your spouse will need to negotiate a settlement. This includes decisions about property division, child custody, and spousal support.

Options for Negotiation:

Mediation: A neutral third party can help you and your spouse reach an agreement.

Collaborative Law: Both parties work with their lawyers to negotiate a settlement without going to court.

Step 4: Court Proceedings

If you and your spouse cannot reach an agreement, the court will make decisions on your behalf. This can involve hearings and trials.

Court Process:

Interim Orders: The court may issue temporary orders regarding child custody, support, and property until a final decision is made.

Final Hearing: The court will make a final decision on all unresolved issues.

Step 5: Finalize the Divorce

Once all issues have been resolved, the court will grant a divorce order. This order officially ends the marriage.

Final Steps:

Implement Agreements: Ensure that all financial agreements and custody arrangements are implemented.

Update Legal Documents: Update your will, insurance policies, and other legal documents to reflect your new status.

5. Case Study: The Importance of Professional Legal Assistance

To illustrate the importance of working with a divorce lawyer in Brisbane, consider the following case study.

Case Study: Sarah’s Story

6. Conclusion: Why Choosing the Right Divorce Lawyer Matters

0 notes

dffamilylaw · 4 months ago

Text

Divorce Lawyers Brisbane: Your Comprehensive Guide to Navigating Divorce

1. Understanding the Role of Divorce Lawyers in Brisbane

Why You Need a Divorce Lawyer

Legal Expertise: Divorce lawyers in Brisbane are familiar with family law and can provide expert advice on matters such as property division, child custody, and spousal support.

Objective Guidance: During a divorce, emotions can run high. A lawyer can provide objective advice and help you make decisions based on facts and legal requirements rather than emotions.

Paperwork and Legal Processes: Divorce involves a lot of paperwork and court processes. A lawyer will ensure that all documents are correctly filed and that you meet all legal deadlines.

2. Common Topics Everyone Should Know About Divorce in Brisbane

When going through a divorce, several key areas require careful consideration. These areas can significantly impact the outcome of your divorce and your future.

2.1. Property Division: Who Gets What?

In Brisbane, property division during a divorce is governed by family law principles. The court considers various factors to ensure that the division is fair and equitable. These factors include:

The length of the marriage

Each party’s financial and non-financial contributions

The future needs of each party

Divorce lawyers in Brisbane can help you understand your rights and ensure that you receive a fair share of the marital assets.

2.2. Child Custody and Parenting Arrangements

Child custody is one of the most contentious issues in a divorce. The court’s primary concern is the best interests of the child. Factors considered include:

The child’s relationship with each parent

The ability of each parent to provide for the child’s needs

The child’s own wishes, depending on their age and maturity

Working with a divorce lawyer can help you negotiate a parenting arrangement that works for everyone involved, especially the children.

2.3. Spousal Support: Will You Need to Pay or Receive Alimony?

Spousal support, also known as alimony, may be awarded to one party in a divorce. The amount and duration of support depend on several factors, such as:

The length of the marriage

The financial needs and earning capacities of both parties

The standard of living established during the marriage

A divorce lawyer in Brisbane can help you understand if you are entitled to spousal support or if you may need to pay it.

2.4. Financial Agreements: Protecting Your Assets

Divorce lawyers in Brisbane can assist in drafting and reviewing financial agreements to ensure that they are legally binding and fair.

3. Challenges Faced During Divorce

Divorce is not just a legal process; it is also an emotional journey that can bring many challenges. Understanding these challenges can help you prepare and navigate them more effectively.

3.1. Emotional Stress and Mental Health

How to Overcome:

Seek Support: Consider talking to a therapist or counselor who can help you manage your emotions.

Stay Focused: Try to stay focused on the future and what you need to do to move forward.

3.2. Financial Uncertainty

Divorce can lead to financial uncertainty, especially if one party was the primary breadwinner. You may need to adjust to a new financial reality, which can be challenging.

How to Overcome:

Create a Budget: Work with a financial planner to create a budget that reflects your new financial situation.

Understand Your Rights: Consult with a divorce lawyer in Brisbane to ensure that you receive a fair share of assets and support.

3.3. Impact on Children

Children are often the most affected by a divorce. They may struggle with feelings of confusion, guilt, and sadness.

How to Overcome:

Communicate Openly: Talk to your children about the divorce in an age-appropriate way and reassure them that both parents will continue to love and support them.

Create Stability: Try to maintain routines and stability in your children’s lives as much as possible.

3.4. Navigating the Legal System

The legal system can be intimidating, especially if you are unfamiliar with it. Filing paperwork, attending court hearings, and meeting deadlines can be overwhelming.

How to Overcome:

Hire a Lawyer: A divorce lawyer in Brisbane can guide you through the legal process and ensure that everything is done correctly.

4. Step-by-Step Guide to the Divorce Process in Brisbane

Navigating the divorce process can be complex, but understanding the steps involved can help you prepare.

Step 1: Decide to Divorce

The first step in the divorce process is making the decision to divorce. This is often the most difficult step and should not be taken lightly.

Consider:

Counseling: Before deciding to divorce, consider marriage counseling to see if the relationship can be repaired.

Legal Advice: Consult with a divorce lawyer in Brisbane to understand your rights and what to expect during the divorce process.

Step 2: File for Divorce

Once you have decided to divorce, you need to file a divorce application with the court. In Brisbane, you must meet certain criteria, such as:

Being separated for at least 12 months

Having a valid marriage certificate

How to File:

Online Application: You can file for divorce online through the Federal Circuit and Family Court of Australia’s website.

Serve the Papers: The divorce papers must be served on your spouse, either by mail or in person.

Step 3: Negotiate a Settlement

After filing for divorce, you and your spouse will need to negotiate a settlement. This includes decisions about property division, child custody, and spousal support.

Options for Negotiation:

Mediation: A neutral third party can help you and your spouse reach an agreement.

Collaborative Law: Both parties work with their lawyers to negotiate a settlement without going to court.

Step 4: Court Proceedings

If you and your spouse cannot reach an agreement, the court will make decisions on your behalf. This can involve hearings and trials.

Court Process:

Interim Orders: The court may issue temporary orders regarding child custody, support, and property until a final decision is made.

Final Hearing: The court will make a final decision on all unresolved issues.

Step 5: Finalize the Divorce

Once all issues have been resolved, the court will grant a divorce order. This order officially ends the marriage.

Final Steps:

Implement Agreements: Ensure that all financial agreements and custody arrangements are implemented.

Update Legal Documents: Update your will, insurance policies, and other legal documents to reflect your new status.

5. Case Study: The Importance of Professional Legal Assistance

To illustrate the importance of working with a divorce lawyer in Brisbane, consider the following case study.

Case Study: Sarah’s Story

6. Conclusion: Why Choosing the Right Divorce Lawyer Matters

0 notes

newspitchlive · 10 years ago

Text

You may not know Amit Raіzada’s name, but some of KC’s wealthy won’t soon forget it

“Amit told me that I needed to sign the documents and to trust him because everything he did was for the good of the family,” Amanda later stated in a sworn affidavit.

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shenarilends · 3 months ago

Text

Just so we're clear S we're getting a prenup/postnup otherwise it's not happening. Our legacy wealth belongs to our kids. I'll make sure to get that in writing.

#marry for love #we'll take care of each other regardless

409 notes · View notes

thenewzs · 10 years ago

Text

You may not know Amit Raіzada’s name, but some of KC’s wealthy won’t soon forget it

“Amit told me that I needed to sign the documents and to trust him because everything he did was for the good of the family,” Amanda later stated in a sworn affidavit.

Amit Raizada moved to Miami last year, following a decade spent building his fortune in the Kansas City area. He did not respond to requests for comment for this article.

“Amit is a really bright guy,” one former SBV employee said in December. “He could have done really great things here.” The employee shook his head and got back to work.

0 notes

ctweddingdj · 8 months ago

Text

Understanding Prenuptial Agreements: A Guide for Engaged Couples - #97

Have questions about prenuptial agreements?

Do you know what prenuptial agreements are?

How do you start that crucial conversation with your partner?

This podcast is for engaged couples stressed out with wedding planning and family expectations but want a fun wedding day.

Our discussion delves into the importance of prenuptial agreements, explaining what they are, how to get one, the reasons for having one, and the legal implications involved.

The discussion covers initiating the prenup conversation with a partner, costs, postnups, and the necessity of legal counsel.

Key points include the significance of prenups for preserving wealth, managing debts, safeguarding inheritances, protecting businesses, and addressing child custody issues.

Get informed and prepare for your happily ever after!

Stress-free Wedding Planning Podcast #97: Understanding Prenuptial Agreements: A Guide for Engaged Couples with Jake Dressler from the Law Offices of Jake Dressler

Host: Sal & Sam Music: "Sam's Tune" by Rick Anthony

TIMESTAMP

00:00 Introduction: Understanding Prenuptial Agreements: A Guide for Engaged Couples

with Jake Dressler from the Law Offices of Jake Dressler

03:30 What happens if you want to end a marriage?

04:30 What is a Prenup?

05:00 Prenups in Connecticut

06:00 How does someone get a Prenup

07:30 Get a lawyer to draw up a Prenup

08:30 What is a postnup?

10:00 Average cost of a Prenup

11:30 Would you need separate lawyers?

13:00 Jake Dressler contact info

13:30 Wedding Tip Wednesday

16:00 How do you start that conversation with your partner?

17:00 What if one person in that party doesn't want to sign the prenup?

19:00 Legitimate reasons for having a prenup

22;30 Jake Dressler’s social media

23:17 Final Thoughts and Podcast Wrap-up

24:30 Close

Get your FREE no-obligation report TODAY:

"8 QUESTIONS YOU MUST ASK A WEDDING PROFESSIONAL BEFORE BOOKING THEM" http://forms.aweber.com/form/55/756659955.htm

Music List Giveaway https://www.afterhourseventsofne.com/guestcontact

*** Join us in the Stress-free Wedding Planning Facebook group https://urlgeni.us/facebook/stress-free-wedding-planning

Sponsored in part by Clear Vision Productions and the Wedding Styles of CT Wedding Shows. https://www.weddingstylesofct.com/ https://www.theclearvisionagency.com/

Wedding Tip Wednesday on the Stress-free Wedding Planning Podcast is sponsored by EMERGE Cosmetics – 10% OFF promo code: SF1 https://shopemergecosmetics.com/ Copyright © 2024 Atmosphere Productions LLC All Rights Reserved. Produced By Atmosphere Productions in association with After Hours Events of New England https://atmosphere-productions.com https://www.afterhourseventsofne.com #stressfreeweddingplanning #stressfreeweddingplanningpodcast #ctweddingdj #atmosphereproductions #afterhourseventsofne #cvpevents #clearvisionproductions #theclearvisionagency #dreamwedding #WalkDownTheAisle #prenup #JakeDressler

Check out our FREE wedding podcast

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bergeremporium · 9 months ago

Text

Congratulations on Wedding Number Four!

To Mark and Partner Number Four I hope you make it further than any of your earlier paramours! I’m optimistic that now you’ve taken this leap you won’t end up in a sorry weeping heap of sad recriminations, horrible frustrations, And quick arithmatical postnup calculations hoping you can fix the wedding pics with some studio tricks so you newlyweds look happier than you are. I hope I’m not going…

View On WordPress

0 notes

therepublicblogs · 10 years ago

Text

You may not know Amit Raіzada’s name, but some of KC’s wealthy won’t soon forget it

“Amit told me that I needed to sign the documents and to trust him because everything he did was for the good of the family,” Amanda later stated in a sworn affidavit.

Raizada shrugged his shoulders and said, “I can’t believe she signed it,” according to Gortenburg.

None of that experience seemed to prepare them for making deals with Amit Raizada.

Amit Raizada moved to Miami last year, following a decade spent building his fortune in the Kansas City area. He did not respond to requests for comment for this article.

To expand eData, its founder, Joel Tucker, sought increased financing in 2008. Spectrum Business Ventures was ready to help him.

Asner and Gortenburg know what she means.

“Amit is a really bright guy,” one former SBV employee said in December. “He could have done really great things here.” The employee shook his head and got back to work.

#News

0 notes