Category Archives: Other Formulas

An Easy Formula to Determine If Your Spouse Deserves Alimony or Support: The Debt-to-Asset Ratio

In considering a spouse’s entitlement to support or an award of counsel fees, courts generally examine a number of factors, such as the richer spouse’s ability to pay, the dependent spouse’s financial need, the parties’ access to other financial resources … Continue reading

Posted in Other Formulas | Leave a comment

I Can’t Pay My Bills! Which Spouse Is REALLY In the Better Financial Position?

Husband and Wife have split up. Now they’re living in two households. And each of them is complaining that they don’t have enough money to pay their bills. Molly, the wife, wants alimony because she cannot pay her rent or … Continue reading

Posted in Other Formulas | Leave a comment

I’ve Been Rear-Ended! How Fast Was That Other Car Going? Here’s the Formula.

So you’re sitting there in your car at the stop sign, obeying the law, and then….whack!  You’ve been rear-ended by another driver who was texting his friend about tonight’s important gathering at the local pub. Upon impact, your car careens … Continue reading

Posted in Other Formulas | Leave a comment

Alimony: How Much Can I Pay Now To Buy My Way Out of It Forever?

Oh no! The ugly “A” word — Alimony.  It may be tax-deductible to the party paying it, and taxable to the party receiving it, but it’s controversial nevertheless. The spouse who is obligated to pay alimony often objects to the … Continue reading

Posted in Other Formulas | Leave a comment

Damages for Interfering With Your Real Property Rights. What’s It Worth?

When you’ve suffered damages to y0ur real estate involving an income-producing property, it is sometimes difficult to determine exactly how much money you’ve lost. In fact, we often tend to under-estimate our losses by not considering how the timely payment of money … Continue reading

Posted in Other Formulas | Leave a comment

So Your Tenant Screwed You. There’s a Formula for That!

If you’re unlucky enough to have rented property to a tenant who didn’t pay you or who destroyed the property, there’s a formula for calculating your actual losses. In fact, there are a number of handy formulas for the damages suffered by property … Continue reading

Posted in Other Formulas | Leave a comment

If You’ve Mastered the Magic of 72, You’re Ready to Seize the Secret of 70!

Yesterday, I spoke about the Rule of 72, a convenient rule of thumb for calculating how long it will take to double your money (or your client’s money) invested in a particular project or purchase. If you missed yesterday’s blog, I … Continue reading

Posted in Other Formulas | Leave a comment

Happy Financial Independence Day! How Long Will It Take to Double Your Money?

The 4th of July is a perfect day to think about your independence — your financial independence, that is!  So, what if you wanted to double, or triple or even quadruple your money. How long would it take to do … Continue reading

Posted in Other Formulas | Leave a comment

The Unlucky Landlord! Everybody’s Moving Out, But It’s Not His Fault! Somebody Must Pay For This, and How Much….?

Your office building is falling apart. The elevators don’t work. The lights keep flickering, and last Thursday, a fire broke out in the mail room. It turns out the electrical contractor used substandard wiring, in violation of city codes, and … Continue reading

Posted in Other Formulas | Leave a comment

Guess What? You’re Buying Me a New House. How To Calculate Damages Using the Cost Approach.

If the business next door is destroying your property, they may have to replace your property. One way to determine what they’ll actually pay you in damages is the “cost approach.”  Instead of comparing the value of your property to … Continue reading

Posted in Other Formulas | Leave a comment