Most of the time, when you hear people talk about commingled assets, they are referring to bank accounts and financial assets. For instance, one spouse may have $50,000 in a bank account when the two get married, but they spend the next five years putting both of their paychecks into that account and using it for joint expenses. That commingles the assets and means the entire account is now marital property, even though the spouse who opened it initially may well remember having the $50,000 to start.
As you move closer to divorce, you start thinking about how you want to plan for your children's future. Life is going to be different for them after the split. You want it to go as smoothly as possible.
If you and your spouse are getting divorced, one of your biggest challenges may be deciding how you are going to divide your home. The best way to get this process started is for both of you to set up your own home appraisal.
You spent $10,000 on a wedding ring for your future bride. You got married. Seven years later, you're getting divorced.
Deciding to end your marriage is a difficult choice. You may be feeling dread about the upcoming divorce process. There is a popular belief that all divorces are ugly and nasty. The truth is, a peaceful divorce is possible.
If you heard that someone had been married for 20 years, would you assume they were in that relationship for life? They made it through the infamous seven-year-itch, after all. Odds are, they won't get divorced. Right?