If you are considering a divorce or if you have been served with a petition, it is possible that you will soon be given advice from friends and family about what to expect regardless of whether you want to hear it or not. The one thing you should know is that the advice may largely be based on their own personal experiences.
Preparing for an initial consultation
What debt am I responsible for repaying after divorce?
There is no quick and easy way to answer the question posed in the headline of this post. The answer, which may be quite frustrating, is, "it depends." Just as there are different types of assets that may or may not be eligible for distribution in divorce, there are also different types of debt.
Johnny Depp's wife seeks restraining order after divorce filing
Celebrities Johnny Depp and Amber Heard are making headlines recently as they divorce amid accusations of domestic violence.
Actress protects sitcom earnings in recent divorce with prenup
Whether you have significant assets, a few very important assets or investments that you hope will become quite valuable some day, it can be wise to take steps to protect your ownership of these assets when you get married.
Divorce and options regarding a family home
Few words stir up as many feelings, emotions and memories as the word home. For most people, home is the place where they feel the most comfortable and happy and where they spend time with the people in their lives who mean the most. For parents, home is the place where a child took his or her first steps and experienced many other firsts. Given the significant place that a family home holds in the hearts of many people, it's no wonder that divorcing couples often struggle when it comes to figuring out what to do with a family home.
Divorce considerations unique to baby boomers
Individuals who were born between 1946 and 1964 are collectively referred to as baby boomers and, since the beginning, this generation has been known for bucking the trend that doing things their own way. For example, while a significant percentage of the 65.2 million baby boomers grew up in two-parent homes, today it's estimated that one out of every three baby boomers "will face older age unmarried."
Is your soon-to-be ex-spouse hiding assets?
In any divorce, money is bound to be a central issue--with each spouse wanting to ensure that he or she receives a fair share. However, before any decisions can be made about who gets what and how much of it, all assets and debts must be accounted for. In cases where a spouse isn't completely honest about the value of certain assets or outright attempts to hide assets, the divorce negotiation process can stall and quickly become contentious.
Should you be taking advantage of an ex-spouse's Social Security benefits?
Thirty or more years ago, divorce wasn't as common among individuals age 50 and older. Today, however, research indicates that, between 1990 and 2010, the divorce rate among this age demographic doubled. With retirement on the horizon, these so-called gray divorcees must be strategic and work to maximize income and savings.
What factors affect how property is divided in a Missouri divorce?
Missouri residents who are going through a divorce often have many questions and concerns about how property, personal belongings and assets will be divided. Missouri is an equitable distribution state meaning that a judge will seek to distribute marital assets based upon what he or she believes to be fair. In this case, it's important to note that fair does not necessarily mean that assets will be distributed equally. Rather, a judge will take numerous and relevant factors into consideration when making such decisions.
Engaged? Why you need a prenup
When two individuals decide to marry, there's typically a lot of excitement and buzz surrounding wedding and honeymoon planning. Meanwhile, as a couple is focused on registering for china and booking plane tickets, important issues related to each individual's assets, debts and personal views about money in general may be ignored.
