If your name is on a car loan or home mortgage you will continue to be held responsible post-divorce for those debts regardless of who the court orders to pay the debt.
Asset and Property Issues
The Impact of Divorce or Separation on Getting a Mortgage
When you are looking for a mortgage, if you indicate that you are separated or divorced, many lenders will require a formal separation agreement to move ahead with your mortgage application.
The Fiduciary Responsibilities of Your Investment Advisor During Divorce
The key is to find an objective divorce financial expert who is also a licensed financial and investment professional and has a solid understanding of financial considerations in a divorce. This can make all the difference when protecting your investments in the face of divorce. Here are the rights and responsibilities of investment advisor during divorce.
WATCH: If the Couple Co-Own a Business, How will It Be Divided in Divorce?
WATCH: If both spouses co-own a business together, how will it be divided on divorce?
Before we talk about parties continuing to co-own the business, we need to identify what kind of business it is. Is it a sole proprietorship? Well, in that case, it would not apply because it’s only one owner. But both parties may work in the business. Is it a partnership in which they both own […]
WATCH: In a divorce case that involves a business, how is support determined?
I take your question as applying to both child support and/or alimony, which is also known as spousal support. In New Jersey alimony is addressed under the factors that are set forth under the alimony reform act. So, the first step would be to determine the standard of living of the marriage and we […]
WATCH: Who decides what is marital and what is separate property?
Trial courts in Indiana are tasked with dividing marital property in a “just and reasonable manner.” Marital property refers to property acquired during the marriage, while separate property refers to property that you brought into the marriage…
What happens if both spouses want to keep the marital home?
It depends how the property is titled. If the property is titled in one spouse’s name, only the spouse who owns the home can keep the property, because the court does not have the authority to transfer the home title in one spouse’s name to the other spouse
How will multiple properties be divided upon divorce?
If a home is owned by a spouse prior to marriage, assuming there was no marital money contributed to the home during the marriage such as a payment to a mortgage or payments made to the upkeep of the property, this property would not be subject to distribution on divorce. But it could be considered […]
What do courts do to fairly distribute marital property?
All marital property is considered when dividing property during divorce; any business, professional practice, real estate, and retirement account. If one spouse has more marital property titled in his or her name then the other spouse, the court can grant the spouse with less marital property a monetary award. For example let’s say that the […]
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