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After you get divorced, how is joint debt handled? In this post, we’ll discuss who pays for what and how it is decided.
How Post-Divorce Debt Is Handled
Any debt created by one or both spouses during the marriage is considered community debt. Both spouses are generally required to pay back community debt.
The court decides which spouse is responsible for which community debts, and issues orders… Read More [+]
The most important thing in life is our family. Therefore, when legal matters such as divorce or separation interfere with family life, it is imperative to make sure that your family is in good hands.
If you are currently considering or in the process of a divorce or separation from your partner, you have likely shopped for lawyers, and were probably surprised to learn how many types of… Read More [+]
Getting divorced isn’t just about separating your life from your spouse, but also your finances. If you’re going to be receiving alimony, that means figuring out where that money fits into your overall financial picture.
How exactly do you do this?
In this post, we’re going to offer several suggestions on how to use your alimony check for maximum benefit.
Develop a Budget
In the… Read More [+]
Changes in tax law under the Trump administration are likely to affect all of us in many ways. One of the more surprising ways, however, is divorce.
How so? Because the new tax law includes a provision that gets rid of the tax break divorcees currently receive for paying alimony. The change is expected to make divorcing couples less generous when negotiating alimony.
In fact, a poll… Read More [+]
If you’re thinking about getting a divorce, but you’re afraid you won’t be able to rebuild your life afterward, you aren’t alone. It’s quite common for people who are considering divorce to worry that life might be harder if they end up going through with it.
However, while you should absolutely think hard before taking that step, you also can’t allow your fear to prevent you from getting… Read More [+]