Handling finances when married is hard enough. Adding separation into the mix can make financial management even more difficult. Before you and your spouse begin splitting finances during separation, keep the following advice in mind.
Debt and Divorce
Don’t leave money on the table during divorce! By understanding property division on divorce, and knowing what property can and cannot be included in the marital estate, you will have a better chance of getting your fair share.
After filing for divorce, expect several financial issues to come up during the divorce process and even afterward. These steps will help lead you towards a more secure financial future.
The decorations have all been packed away, and all that’s left of the holidays are the bills. Is it time to start worrying about how you’re going to cover your debts?
Even after you’re legally separated, there may be lingering financial ties that bind you together. You risk serious ramifications if you and your spouse don’t discuss how to handle the debt after the separation.
“Compulsive Buying Disorder” – or “spendaholism” or being a “shopaholic” – is characterized by poor impulse-control. It has the potential to create emotional and financial distress, both of which can wreak havoc on a marriage.
No, debts are automatically considered during property division. You would look at it all as a whole. And to some degree, the most appropriate way to look at it is to incorporate the division of assets because you want to look at the debts and how the assets are divided. Is there enough assets to […]
There are warning signs that your spouse may have committed financial fraud in your marriage; the greater the number of red flags, the more likely that there is something fishy about the family’s finances.
Do I have to include credit-card debt on my financial statement during divorce?
DebtWave Credit Counseling, a nonprofit credit counseling agency in San Diego, answers: Many people are unsure of how to handle outstanding credit-card debt after a divorce. Going through a divorce can be messy, but there are neat guidelines that tell you which credit-card debts you are responsible for, which should be handled by your former […]