In many cases when people get divorced, they have to divide the assets that they own. If some of these assets are not financial in nature, they may have to be sold. This allows the couple to split up the money that they earn. A family business is one example of this...
Couples who want an efficient and fair divorce often seek mediation. Mediation is a collaborative process that seeks to reduce conflicts and costs by introducing a neutral, third party. The mediator is meant to keep couples focused on important divorce matters, such...
Divorce can negatively impact people in a variety of ways. It can have a damaging impact on finances since both spouses need to split their resources up and the cost of divorce can be surprisingly expensive. The more time people spend in court, the more they are going...
Many people feel their pets are family. We can’t imagine a life without them. Whether it’s a dog, cat or parrot, you may have a long history with the pet. Your children may have grown up with the pet. So what happens to pets in a divorce? It depends on where you live....
Separate property is everything you acquired before you married your spouse, but it also includes assets you received during the marriage by inheritance, survivorship or gift. Marital property is everything you and your spouse earned and acquired during the marriage....
Compatibility is a crucial factor in determining whether a marriage will last. When spouses have positive feelings toward each other, they may be less likely to consider divorce. However, not all couples are fortunate enough to have this kind of relationship. Staying...
Many divorcing couples fight over who keeps the house for several good reasons. Buying and moving to a new place can be costly. If you have primary custody, keeping the family home might also help give your children some sense of stability. However, keeping the house...
If divorce becomes a reality, cryptocurrencies purchased during a marriage, including bitcoin, ethereum and litecoin, are typically considered marital assets instead of income. As such, they should be listed on financial disclosures. Crypto holdings have become...
Divorce, even when amicable, takes a lot of time and effort. The stress and anxiety can be excruciating as your old family life gives way to a profoundly new one. This doesn’t mean, however, that it makes sense to seek easy resolutions that could cost you in the...
Most people understand that divorce will mean some challenging financial adjustments. After all, they will have to both cover the cost of the divorce itself and also split their property with their spouse. People often have to accept a temporary reduction in their...
