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.
Posts tagged "divorce"
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.
Having to decide who is going to walk away with what is a difficult aspect of the divorce process. If you have a bit of forethought, you can take steps before you even get married to make this process easier if the marriage does end.
A recently retired Maryland Judge, Judge C. Philip Nichols Jr., reflected on his decades-long career on the bench and was happy to "be part of something that made a difference." The 19th Chief Judge of the 7th Judicial Circuit of Maryland in Prince George's County retired on his 70th birthday, which is the state-imposed retirement age for judges.
Divorces that occur later in life, after the age of 50, are usually referred to as gray divorces. These divorces can be a little more complicated compared to the ones that happen earlier in life, before wills, trusts, and inheritances come into play for most. Here are some common divorce issues that arise when splitting up later in life.