Divorce takes a major toll on the marital and separate assets of each person going through the process. Because of this, people can be very focused on maximizing their financial settlement. However, this can be extremely difficult if you do not have the information you need to fight for what you deserve.
We often discuss the complications of dividing assets after divorce, however, it can also be difficult to figure out what to do with property you keep after divorce. For instance, you might be struggling to figure out what to do with your wedding ring and other jewelry that symbolized important events in your marriage.
It is no secret that marriage is difficult. In fact, for a lot of people, it is far more difficult than they could have imagined. In many cases, the challenges of marriage prove to be too great and a couple divorces.
According to recent statistics, the current rate of marriage in the U.S. has declined to roughly 50 percent. At the same time, the number of people who live with a partner and/or raise a child outside of marriage is increasing.
If you are getting married, one of the last things you are probably thinking about is divorce. Unfortunately, ignoring the subject of divorce doesn't change the fact that many relationships ultimately end this way.
On numerous occasions on this blog, we have discussed the complexities of dividing assets in a divorce. It is undoubtedly one of the most challenging, frustrating and contentious steps in the process, and for good reason. After all, your future and financial well-being could be on the line.
Dividing assets and property in a divorce can be one of the most painful, frustrating elements of the process. It can also be incredibly complicated.
Dividing assets can be one of the most contentious issues in a divorce. Even if discussions about child custody and spousal support were fairly amicable, things can take a turn for the worse when it comes time to divide bank accounts, property and debts.
Dividing assets (and debts) in a divorce is an unavoidable process. When you split up, you will need to divide all the property and liabilities you accumulated during your marriage in a manner deemed equitable, or fair, as directed by state laws.
Did you know that, in the eyes of the law, your pets are considered property? This means that if you are getting divorced, your beloved animal companion could be part of a property division settlement rather than a custody agreement.