Divorce

After couples get married, they often take on significant amounts of shared debt. They may co-sign on a car loan together, for example, or open a shared credit card account. During divorce, these marital debts often have to be divided just like marital assets. Both...

One common issue couples face during a divorce is who gets to keep the house. Some couples will just sell their house and split the proceeds, naturally, but in other cases, one person wants to take over as the sole owner and keep the house. When they do this, there is...

For married partners who are also joint business owners, getting a divorce does sometimes mean selling the business. The issue is that the business likely qualifies as a marital asset. Both partners own it, so they have to divide it along with their other assets...

Commingled assets are either marital assets, or separate property that has essentially transformed into marital assets due to being mixed together with marital property. This transformation can change their status in important ways while a couple goes through property...

Destructive financial activities, such as dissipation, can occur in the early stages of divorce. One spouse might use a joint credit card until there is no more available credit. They might drain savings and checking accounts by gambling or making unnecessary...

State law requires a fair or equitable distribution of marital property, as well as any marital debts. Unfortunately, some situations make it much harder to achieve that goal. If one spouse has engaged in financial misconduct either before filing for divorce or in...

We’re almost into the summer months, a time for parents of minor children to reassess what’s working in their families and what is not. For some couples, what’s not working may be the marriage itself. Recent studies have shown that summertime is considered a good time...

During a divorce, a business may qualify as a marital asset. Along with long-term savings and real estate, it could be one of the largest assets that a person owns. As such, it is important to conduct a business valuation when dividing marital property. Both parties...

In many cases, an inheritance is considered a separate asset, meaning that it does not go through property division and you do not have to split it with your ex during a divorce. Other separate assets may include gifts that were given directly to you during the...

If you’re divorcing a spouse after many years of marriage, and your spouse significantly outearns you, it’s understandable if you’re concerned about experiencing a significant change in your standard of living. That can be especially concerning if you largely stopped...