If you are divorced or are going through a divorce, you might assume that receiving alimony and/or child support payments will qualify as income to refinance your current mortgage or get a new one. Unfortunately, you may discover that is not necessarily true. What you and others might consider income and what mortgage lenders consider qualified income may be two very different things.
You are not refinancing your home for typical reasons. You are refinancing because of your divorce, and you want to keep your home.
Co-owning a home together after divorce will not resolve your marital problems; in fact, it could actually exacerbate them.
The Court may order the sale of a property if it is confirmed that not selling the home could negatively impact one spouse financially.
Depending on the size of the inheritance, it could be one of the biggest assets that you own.
If you suspect your spouse is hiding assets or concealing income, you should take steps to contact a legal professional to get further advice.
Tax law allows you to write off certain losses each year. Here’s what you should know about investment losses and what to know about accounting for them on your taxes.
Divorce in Massachusetts is complicated. MA follows equitable distribution rules, not community property rules. That means a division of assets will be equitable but not necessarily equal.
The process of dividing marital property during divorce begins with taking an inventory of all you, as a couple, have acquired during the marriage. Anything you owned before the marriage and anything inherited during the marriage will not count as marital property.
Unless everything is to be split equally, there is a lot of math to do when it comes to separate property claims during an Ohio divorce. Learn more!