What Do You Need to File for Divorce?

Before your divorce case can begin, you must file a petition through the court and deliver it to your spouse. In most cases, you will also be required to file a financial statement that provides the specifics on your property, income, and expenses. Other documents that may be required include an agreement for settlement (if … Read more

How to Determine the Value of Undivided Assets in Divorce

Couples planning to divorce must determine the value of undivided real estate and other types of assets. Not every divorce ends in a 50/50 division of property. The division of community property involving a business entity jointly owned by the divorcing couple, shareholders, and investors can pose problems. Selling the business and splitting the proceeds … Read more

What Is My Wife Entitled to if We Divorce?

During divorce in community property states marital property is usually distributed 50/50 between both parties, but each person maintains possession of any separate property each owns. In states that are defined as equitable distribution states, all assets and income the couple accumulated throughout the marriage are distributed in an equitable manner. However, this does not … Read more

How Divorce and Real Estate Distribution Affect Future Borrowing Power

Divorce and the distribution of your real estate may seriously affect your future borrowing power. How the court divides your assets may depend entirely upon your state’s divorce laws. Especially in non-community property states, issues arise concerning the effects of divorce and acquisition of real estate on both parties, jointly and individually. Educate yourselves on … Read more

How to Protect Yourself if Forced to Leave During a Pending Divorce

Being forced to leave the marital home during a divorce and pending real estate settlement is often traumatic. Some states offer protection for those in the midst of the division of marital real property. In those states, unless the court has reason to believe that someone else in the home is in danger, no one … Read more

The Effects of Divorce on a Home-based Business

In today’s market, many individuals opt to open a home-based business, form a limited partnership, or enter private practice rather than working for someone else. But what happens if they you decide to divorce? Couples who own these types of businesses but can no longer live together would do well to consult a divorce lawyer … Read more

State Laws Vary in Determining Divorce Assets

States have their own laws when it comes to the division of property, especially in community property states. They may also have different divorce laws governing what is or is not marital property. What is NOT Marital Property Typically, the court does not consider these items as marital property: Gifts or inheritances received by either … Read more

What Is My Wife Entitled to if We Divorce?

“I’m thinking about getting divorced. What is my wife entitled to?” The answer depends on where you live. Most community property states distribute marital property 50/50 between the two parties. Each person gets to keep any separate (not marital) property. Equitable distribution states divide all assets and income accumulated throughout the marriage in an equitable … Read more

Discussing Problems of Divorce and Credit with a Third Party

Two of the most controversial partners in existence are divorce and credit. Unfortunately, they often work hand and hand. As a result, credit problems may go unresolved without the assistance of a third party. Resistance to financial obligations frequently occurs during divorce, thus leading to future credit problems. The couple can minimize the problems if … Read more

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