The short answer is Yes, it is possible to get divorced without splitting assets. This could occur through a prenup, a mutual agreement, or your particular state laws. Nevertheless, in community property states, like California, any income, real estate, or other property attained by either spouse throughout the marriage belongs to both of them, and…
Preparation and communication can help guarantee that assets go where you want them to go, should there be a divorce. Anybody who makes a commitment to get married is probably not thinking about the relationship ending. Likewise, a lot of parents and grandparents do not consider the possibility of an heir’s marriage ending in their…
One thing you never want to do is hide assets during a divorce process. A legal requirement for divorcing couples is disclosing each and every asset they have, including income, expenses, and debts, if applicable. People may hide assets during this process for a variety of reasons, with money being the main culprit. So, what…
A married couple’s house is often one of their biggest assets. If the home was purchased during the marriage, it will be considered a marital asset that must be divided in the event of a divorce. This will be the case regardless if one or both spouse’s names are featured on the deed. Let’s take…
Finalizing a marital settlement agreement does not mean a couple is now legally divorced. Only a divorce decree that is signed by a judge can finalize a split. Let’s take a look at the differences between a marital settlement agreement and a divorce decree. What Is A Marital Settlement Agreement? A marital settlement agreement is…
A marital settlement agreement is known by several different titles across the U.S. Some states refer to this arrangement as either “separation agreements” or “divorce settlement agreements”. Let’s take a look at what these agreements include and how to ultimately finalize one when going through a divorce. What Does A Marital Settlement Agreement Include? A…
In an estate plan, the executor of the estate is an individual responsible for administering the last will of a deceased person, ultimately carrying out the instructions to manage the affairs. What Is An Executor? The executor is appointed by either the testator or the court. Their role is to ensure all assets in the…
Alimony, a legal provision, can help balance the scales of economic fairness following a divorce. Calculating exactly how much one ex-spouse receives in alimony depends on a few factors, including length of marriage, both spouse’s financial situation, and established living standards during the marriage. What Is Alimony? Alimony is sometimes called spousal support and is…
Alimony, otherwise known as spousal maintenance, refers to money that is to be paid from one ex-spouse to another following a divorce as determined by the court. In the state of Arizona, the court will determine whether or not a spouse is entitled to alimony. Let’s take a look at how much the average alimony…
Let’s take a look at the most common reasons why a parent will be denied overnight visitation. 1. Relationship Problems The judge in your case always considers the type of relationship you both have with your children. It’s very common for children to form a stronger bond with one of their parents. This can be…
