The new year is drawing closer every day. If you think you and your spouse are going to get divorced, you may already be trying to plan for your future.
Posts tagged "divorce"
You and your spouse are getting divorced. Before the split, you racked up $20,000 in debt on a credit card. Your now ex says he or she will pay it off after the divorce; it's no problem.
Don't expect divorce to be easy, even if you're the one asking for the divorce and you want it to happen. It can still be tough. It's still emotional.
Your spouse wants to keep the house when you get divorced. That's fine with you; you don't want it. You're planning to buy your own place. Divorce isn't what you imagined when you go married, but you're making the most of it.
When you get divorced, marital property is divided. However, it's important to remember that not everything you own counts as marital property. Some of it may count as separate property that only belongs to you or your spouse and therefore does not have to be divided.
Divorce rates can get complicated. You often hear that half of all marriages end in divorce or that it's more common now than ever, but that's not always true. For some, it's less common than it was 25 years ago. For others, it's massively more common.
Adultery impacted your marriage. When you found out that your spouse was cheating on you, you knew immediately that it was over. You filed the divorce papers soon after.
You and your spouse bought your dream house years ago. Now you're getting divorced. You don't want to lose it.
Heading toward divorce? Not interested in asking admittedly biased friends and family for help?
Asset division is not just about "assets." It's also about debts. In extreme cases, where a couple is underwater with a massive amount of debt, the property division process could be more about dividing debt than actual assets.