You know you're going to have to divide your bank account during a divorce, as part of the property division process. But what about before you technically split up? Maybe you and your spouse just decided to get divorced yesterday, and you're wondering what steps to take.
A third of divorcees miss a huge financial benefit
What do you think your most valuable asset is? Your home? The vacation house on the coast? The money you have in your bank account?
Financial mistakes people make during divorce
Your divorce is going to have a big financial impact on the rest of your life. As such, it's very important to step back, take the emotions out of the process and think about the realistic financial ramifications of every decision you make. This may sound clinical and calculating, and that's exactly how you need to approach it.
How to keep that inheritance as separate property
You got $500,000 from your parents, as an inheritance. Your spouse is now asking for a divorce, and he or she is claiming $250,000, saying it's marital property that you were both going to use.
If I am married, are all my assets marital property?
Getting married is one of the most exciting times in a person's life. You've finally found the person with whom you want to spend the rest of your life. The sad fact of the matter is that not all marriages will end happily ever after. With more and more divorces occurring each year, it's best to protect yourself and your assets prior to saying your vows. A common question asked is if I am married, are all my assets marital property?
What cannot be included in your prenuptial agreement?
If you are preparing to get married in Fort Lauderdale you should take a long look at signing a prenuptial agreement. The agreement must be signed by both parties entering into the marriage. As you prepare for the marriage you should sit down and speak with your future spouse about this important document. So, what cannot be included in your prenuptial agreement?
Tips for protecting your money in a divorce
Preparing for a divorce takes time. It also takes a lot of willpower to admit that your marriage is no longer viable. There's plenty you need to do to prepare for a divorce and one important item is protecting your money. Even if you believe your spouse won't seek a lot of your money it's still a good idea to protect it before you file. Follow the tips in this post to protect your money in a divorce.
Marriage expectations can cause toxicity or happiness
More than ever before, people are expecting more from their relationships. Research has found that personal wellbeing is directly tied to the quality of a person's relationship. High expectations of marriage can lead to one of two things: a happy, healthy marriage or a toxic marriage because the standards are way too high to meet.
The major issues that lead to divorce
Divorce is an all too common issue in Florida, which is not out of the norm for the country either. Couples that divorce do so for various reasons and not every divorce will mirror the ones that came before it. Here are the major issues that lead to divorce for most couples.
How is credit card debt divided in a divorce?
It's not uncommon for couples to accumulate credit card debt during the life of their marriage. Even though debt is a problem in and of itself, it really becomes a problem when the couple decides that the marriage is no longer viable. So, how is a couple's credit card debt divided in a divorce?
