You are not refinancing your home for typical reasons. You are refinancing because of your divorce, and you want to keep your home.
Child support is a set amount of money paid by the non-custodial partner to the custodial partner to take care of the living and medical expenses of the children. Child support ends when the child turns 18 and graduates or turns 19 years old.
While often thought of as a negative signal to the other person and a risk factor for divorce, the advantage of a prenuptial agreement is that it can protect a couple with unequal assets or if one person feels insecure about finances.
Those looking to sell their matrimonial home or buy out their spouse from the property are finding out that the present market conditions are increasingly becoming unfavorable.
Co-owning a home together after divorce will not resolve your marital problems; in fact, it could actually exacerbate them.
If you’re divorcing in the U.S. and have a child under 18, you are more than likely going to pay or receive child support going forward. Will it be based on the income shares model?
Whether it feels like it was a long time coming or came out of the sky like a thunderbolt, it is a change, it hurts and it’s disruptive to every aspect of your life.
Making a budget after divorce can be difficult, but it’s important to make sure you are financially secure. By following these tips, you’ll be on your way to creating a budget that works for you and your family.
Child support is typically meant to cover a child’s basic expenses such as food, housing, and basic clothing.
It is important that your estate planning attorney understand your divorce obligations. Learn more here.