Three Ways to Ruin Your Divorce Settlement

In most contested divorce scenarios, each partner feels that he or she is in the right and that any settlement agreement should favor him or her. A family law judge will focus on hearing relevant information and making a fair judgment according to the facts of the case. Unfortunately, some divorcing adults take matters into their own hands hoping to find a way to guarantee that the judge favors them. When you or someone you know attempts to find a way to tip the scales in your favor, it is possible that you will instead find a way to completely ruin your divorce settlement. Continue reading

Should You Remain in Your Marital Home?

The family home is one piece of property over which a divorcing couple will often battle. In addition to the cash value of the home, the sentimental value may influence both party’s desire to keep the home. However, once the divorce is finalized and tempers have cooled, it is always a good idea to think about the pros and cons associated with maintaining your recently won residence. The decision to remain in the marital home after the divorce is over could significantly influence your personal and financial future. Continue reading

Repercussions of Moving out of Your Marital Home

Once you or your spouse has decided to file for a divorce, living together may become uncomfortable. Regardless of the length of a marriage, it is difficult to adjust to sharing a home with a person who is no longer your legal spouse, especially if you are locked in a legal battle for assets or child custody. Leaving the marital home is often the choice one partner makes in order to keep the peace and avoid confrontations. While establishing a separate household gives you a way to get away from a spouse you can no longer tolerate, there are potential repercussions when you move out of your marital home before your divorce is complete.

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Who Gets What: Dividing the Little Things

Courts are well versed in assisting couples in dividing their marital assets. There is law and substantial case law that informs how the marital home, automobiles, 401k plans, pensions, retirement accounts, bank accounts, businesses or business interests, and brokerage accounts get divided among the divorcing spouses. While a difficult process, the outcome is a fair distribution of the marital assets. Continue reading

Divorce and Life Insurance Policies

When the decision is made to dissolve a marriage, many factors must be accounted for. You and your spouse will have to determine the rights to assets owned prior to marriage, assets bought together during marriage, support rights, child custody if children are under 18 years old, as well as different policies and accounts you planned for together. If you and your spouse named one another in life insurance policies or for retirement savings accounts for the benefit of the other, there are additional steps you will need to take after the divorce decree was entered in order to have that policy apply to other interested parties. Continue reading

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