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

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

When Immediate Custody and Moving Decisions Must Wait

Many divorcing parents have serious concerns about the effects of custody and moving on their children. While divorce affects children of all ages, children in middle school and high school experience greater vulnerability. The idea of divorce generally affects children detrimentally, and as a result, moving to a new home, attending a new school, and … 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

Men and Divorce

Men face challenges after divorce, just as women do. While men’s difficulties tend to be different, some men have the same issues of financial stability, health, social interaction, and single parenthood with all that entails. Both men and women face financial challenges, sometimes including bankruptcy, following divorce. “In my experience here, I do believe there … Read more

Effects of Divorce: Determining Responsibility for New Debts

Incurring new debts after you decide to file for divorce may complicate the process of determining liability. With respect to loans, the only person responsible is the one who signs the contract. However, in the case of joint credit cards, you may have to close all existing accounts. Each person then opens their own individual … Read more

How Divorce Affects 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 upon your state’s divorce laws. In community property states, the court divides marital property 50/50. The state exempts property owned before the marriage. However in non-community property states, the court divides assets … Read more

Choosing the Right Divorce Lawyer

Choosing the right divorce lawyer can make all the difference in your divorce outcome. Divorcing parties often hurry to get it over with. As a result they fail to research their choice or check references. Before you hire anyone, take time to research and confirm their qualifications. You need an attorney with the ability to … Read more

Hiring a Divorce Lawyer vs. the DIY Divorce Kit

What’s the benefit of hiring a divorce lawyer vs. the Do-It-Yourself (DIY) divorce kit? DIY divorce kits are growing in popularity. Instead of hiring a divorce attorney, some couples choose DIY divorce to save money. In general, DIY divorce only works well if you have no minor children or property/assets, or an uncontested divorce. If … Read more

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