Dividing your marital assets between you and your spouse may feel complicated enough, but what happens when you throw your children’s assets into the equation? Do they even own anything, or do you and your ex actually own those items? It may seem simple enough, but...
Complex Property Division
Can your spouse take part of your inheritance in a divorce?
Combining finances is a big part of sharing your life with a spouse. Separating your finances often turns out to be one of the biggest challenges in getting a divorce. You and your ex probably have very different ideas about what a fair divorce outcome would look like...
Why should you work with a forensic accountant?
Forensic accountants could play an important role in your divorce if you believe that your spouse is hiding assets. Hiding assets is illegal since both parties are expected to fully disclose their finances, but some people will attempt to do so anyway. They may...
Family-owned business can pose a challenge in divorce
A family-owned business is the financial support for many households, but that same business can cause considerable challenges during a divorce. In the absence of a prenuptial agreement, the fate of the business has to be determined as part of the divorce. Because the...
What happens to your retirement savings in a divorce?
When you and your spouse begin planning and saving for retirement, you likely looked at what your joint expenses would be as a marital household. You may have had to make sacrifices over the years in order to continue contributing appropriate amounts to your...
How can you divorce without a laundry list of problems?
If you are in the middle of a divorce, there is no reason why you should not be interested in how to make your divorce the least painful you can. Forbes has tips on how to have a divorce with fewer issues. You cannot spend your time looking at your ex-partner as your...
How can I protect my credit score during my divorce?
Building and maintaining a good credit score during and after your divorce is important. You may need a good credit score to get set up in your new life, such as purchasing another home, buying a car or refinancing shared assets. Even renting an apartment might...
Uncovering hidden assets during a divorce
Divorce is difficult for many reasons. Like most couples, you may expect custody decisions to be intensely emotional. What may take you by surprise is how hard it can be to divide marital assets and property. It seems like it should be a matter of simple math, but it...
How can you know the value of your property?
Some property estimates may not be accurate and are not an appropriate way to determine the price of a piece of real estate. It is important to note that real estate is valued on a comparison by comparison basis. According to Finance Train, real estate is literally,...
Including all marital property in a divorce
If you are going through the divorce process, you know first-hand how difficult it is to negotiate issues included in the final settlement. One of the most complicated is property division, as you may have become attached to property and possessions during the course...