When a marriage begins to break down, financial behavior often changes before divorce papers are filed. One spouse may start pulling money from joint accounts, shifting funds into new accounts or increasing discretionary spending. To the other spouse, it can feel like...
Property Division
Avoiding penalties when dividing retirement accounts in divorce
Saving for retirement during marriage is a smart decision. Couples can combine their resources to help ensure their financial stability when they stop working full-time. Those savings may be at risk, however, during divorce proceedings. Frequently, the direct division...
How do people try to hide marital assets?
Marital assets must be divided when a couple gets divorced. However, especially in contentious divorces or high asset divorces, one spouse may be tempted to hide assets to keep them out of property division. You should never do this, as you are required to make a full...
3 ways to handle property division during divorce
When you reach the point where property has to be divided, it can feel unclear whether you are making the right choices. These early stages can prompt you to slow down and consider what truly matters. Asking yourself simple yes-or-no questions can help you stay...
Marital assets, separate assets and commingled assets
When getting divorced, there are three things to think about when it comes to asset division. First and foremost, couples will have some separate assets. These could include things they owned before the marriage, an inheritance they received as a direct gift during...
Which spouse keeps the travel perks in a divorce?
If you are facing divorce, you may have already determined the custody of your children and other important aspects of the split. Even if you think you have covered all the issues in your divorce, there may still be some matters remaining. One often overlooked asset...
2 considerations for property division
One of the things that has to be done before you can legally end your marriage is splitting up the marital estate. This isn’t always easy, particularly when there are significant and complex assets. The first step in property division is determining what’s included in...
Does the spouse who earned the pension keep it in the divorce?
Property division is a difficult challenge to overcome during a divorce. Many spouses find themselves disagreeing about what is fair or appropriate. They may even disagree about what assets are subject to division. If they can’t reach their own settlement, then they...
What are your options for the marital home in property division?
Property division is often one of the most challenging steps for people who are going through a divorce. This involves splitting up all the assets that they amassed together. They also have to tackle the debts. The marital home is often one of the largest assets...
Recognizing your contributions to your marriage in divorce
Divorce can be an emotionally burdensome experience, especially if you made significant sacrifices in the name of love and family. Many spouses willingly step back from their career or educational pursuits to support their partner's ambitions and care for the family....
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