One of the most important aspects during the divorce process is definitely dividing property. There might be many aspects that are of huge importance to you and you might have questions about how the process works. Today we will take a closer look at property and debt division and how it affects you. The Different… Continue reading →
Posts Tagged ‘Community Property’
What Do I Own When it Comes to Our Marital Property?
When it comes to marital property, many people find this to be a difficult point in their divorce. In the event of divorce, these matters become very important. – in fact, one of the biggest parts of divorce. How Marital Property is Divided Some states tend to follow the ‘common property’ rules. Many states, in fact,… Continue reading →
When You Are Going Through Divorce With an Unemployed Husband
Nowadays, mothers and fathers sometimes work, or one parent stays at home. Many years ago, it was rare to see stay-at-home fathers; however, as times change, this becomes a reality. Legally, unemployed husbands are entitled to the same considerations that an unemployed wife would be in the same situation. However, when it comes down to… Continue reading →
Is Divorce Always Financially Fair to Both Spouses?
When you are going through a divorce and trying to decide who gets what, this is where some of the biggest issues come into play. Dividing assets is a complicated process that goes smoothly when you and your ex-spouse can work together. Judges will urge you to work together because, until a final order is… Continue reading →
How do You Divide Property and Debt During a Divorce?
How do you determine how property and debt is divided during and after your divorce has been finalized? What happens in regards to your marital home? Unfortunately, it is not easy to see the answers to these seemingly simple questions when you first enter into the divorce process. This is why it is always a… Continue reading →
Inheritance and Divorce in California: Your Questions Answered!
When you are going through a divorce in California, there are many different factors that you must consider. Typically, if you inherit something from say, a great aunt or a grandparent, it will not be subject to equitable distribution. This is due to the simple fact that it is not considered to be marital property…. Continue reading →
Filing for Bankruptcy and Divorce: Which Comes First?
Let’s say that you are in a position where you are ready to file for divorce and the other spouse is not paying for your mortgage, so you are left to settle matters on your own. You may wonder if you should file bankruptcy first or if divorce is the best option. To put things… Continue reading →
Preliminary Financial Disclosures
Preliminary financial disclosure is a mandatory part of getting a divorce. It is important that, when disclosing your debts and assets, you are as honest and transparent as possible. If you or your spouse are found to have purposely omitted any pertinent information, the consequences will affect both parties. When accounting for all your assets,… Continue reading →
Do I Need a Prenuptial Agreement?
If you can’t decide whether or not to make a prenuptial agreement, you first need to determine what it can and can’t do for you. A prenuptial agreement is a legal document executed by a couple before they are married that details how their assets and liabilities will be divided in the event of a… Continue reading →
Do I Owe my Spouse’s Debt?
What happens when the marriage you entered into with such high hopes is headed for divorce court? Money has become a big point of contention, even in intact marriages, but has also become the leading cause of divorce – bills are continually rising and it costs a lot of money to raise children. Whether you… Continue reading →