Debt Division During Divorce
15 July 2016
During divorce proceedings, division of assets and property is one of the highly contested issues. However, couples rarely think of what happens to debt in case they decide to end their marriage. In divorce cases, outstanding bills are usually factored in as the couple will get a share of their net worth. Ideally, couples should settle all their debts before they file for a divorce. Unfortunately, this is not always possible, so the court will take over the responsibility of dividing the debts incurred when dealing with the assets.
Divorcing? Before You Sell Your Engagement Ring And Wedding Band, Read This
8 April 2016
If you're going through a divorce, you may not exactly enjoy looking at your engagement ring and wedding band right now. You probably don't feel much like wearing them either. The emotional symbolism of the rings may have changed for you, and they certainly send a message (you're in a committed relationship) that's no longer true. If money's tight, you may be especially tempted to just sell the rings and be done with them.
Can You Use Your Spouse's Criminal Record As A Way To Gain Custody?
7 April 2016
If you're in the process of divorcing your child's other parent, you may be worried about how this temporary upheaval will affect your child's psyche in the long term. You may desire to keep his or her life as close to the old "normal" as possible by maintaining primary physical and legal custody in exchange for child support from your ex-spouse. However, if your ex-spouse chooses to fight you for joint custody, you may find yourself facing a lengthy court battle.
Divorce When You Have A High Net Worth: 3 Things To Consider
4 April 2016
While no one enters into a marriage thinking that it will end in divorce, it's important that you are prepared to deal with the problems a divorce can create. For individuals with a high net worth, divorce can present some unique challenges when it comes to dissolving a marriage.
Here are three things that you should consider before finalizing your divorce arrangement if you (or your spouse) have a high net worth.