Law Offices of Barry I. Finkel, P.A.
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Property Division Archives

You can commingle your home

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.

Student loans in a divorce decree do not matter to the lender

You and your spouse split up, but you do it on relatively good terms. In fact, your ex even agrees to help you pay back your student loans. You put in the divorce decree that you will each be responsible for 50 percent of the payment every month.

Should you divide your bank account before divorce?

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.

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.

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?

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