Here are some things to consider if you anticipate a divorce in the near future: Avoid large financial commitments. This is not a good time for major purchases or new financial commitments. Limit new debt, keep your credit card balances low, and generally stay as liquid as possible. If you are a homemaker without separate credit, apply for a credit card in your name, using … Continue reading What To Do If You Are Considering A Divorce
Couples who want to end their marriage have two legal options – divorce and annulment. Both of these options have several similarities and dissimilarities. Let’s take a look at the two examples mentioned below – Case 1: You and your spouse got married six years ago. You have kids, joint bank accounts, and you also run a business together. However, lately, you realized your marriage … Continue reading What Is the Difference between a Divorce and an Annulment?
Divorce can be a long and complicated process, especially if the couple has significant marital assets (house, cars, retirement plans, and family business) to split. Deciding who gets what makes the process more difficult. Before we go any further, let’s understand what marital property is and how you can determine which assets fall under this category. Marital Versus Separate Property Marital assets (also called community … Continue reading How to Divide Marital Assets in a Divorce
Divorce proceedings are a complex subject and the battle between the soon-to-be exes can get murky and complicated. This is the main reason why hiring an experienced divorce attorney is crucial for those who want to get legally separated. In some cases, people can feel overwhelmed and perplexed simply because they don’t know how to look for a good attorney. They’re already stressed from wanting … Continue reading 7 Things to Consider When Hiring a Divorce Attorney
Money is the underlying cause behind complicating divorce cases, leading couples to make several financial mistakes that cost them dearly. Financial decisions in the divorce process are convoluted and often painted with harsh emotions of pain, resentment, and frustration. A divorce is an emotionally harrowing experience that can leave you making financial decisions that can haunt you later. Therefore, it is critical to be aware … Continue reading 8 Financial Mistakes You Must Avoid When Going through a Divorce