Category Archives: Property & Debt

Unmarried Couples

Many couples choose to live together before marriage, and some couples share their lives without getting married at all. Unmarried couples normally have certain rights and obligations under family law. Unmarried couples may be affected by family law if they … Continue reading

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After a Divorce, Estate Planning is a Must

After a divorce is granted, the former spouses’ plans for the disposition of their assets generally change. Many estate planning 
documents — the will, all insurance policy beneficiary designations and all deeds – change after a divorce when new beneficiary … Continue reading

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After a Divorce, Careful Consideration of Assets is Important

Estate planning after a divorce is more imperative than ever because divorce not only deranges personal finances, it also often changes heirs and beneficiaries. Moreover, even though spouses are divorced, as parents they have to make arrangements for their children … Continue reading

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You Can’t Cut Him Out!

Many divorcing spouses do not want a former partner to receive one penny more than absolutely necessary. But even when one spouse rewrites his or her will, the other partner cannot be completely disinherited until after the divorce is final. … Continue reading

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That Dotted Line Means Joint Responsibility

Divorce means dividing the assets and liabilities of the marriage, and that vow of “for better or for worse” means the divorcing spouses share and usually divide the debts they accumulated as a couple. As a rule, mortgages and credit … Continue reading

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Dividing Personality: Don’t Fight About the Third Set of Dishes

Negotiations between divorcing spouses sometimes break down over big, important issues, such as child custody and visitation, but they also get nasty over silly, little disputes – such as who gets the Bob Dylan album that the couple acquired during … Continue reading

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Equitable Distribution vs. Community Property

When there is a large marital estate, the place of filing can make a difference in how assets are divided. Generally speaking, a well-to-do spouse with a high income does better when the estate is divided by equitable distribution, as … Continue reading

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Goodwill Makes Valuing a Family Business Difficult

Valuing a family business can be one of the most difficult aspects of a divorce settlement. Family businesses – which include closely held corporations, single-proprietorships, private companies without publicly traded stock – must be valued by experts who use different … Continue reading

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Hiding Assets and Divorce: The Red Flags

When they divorce, both spouses must disclose their assets and debt honestly and fully. However, when one spouse has been mulling divorce, he or she may be tempted to hide assets that are subject to distribution because they are marital … Continue reading

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Cohabitation Agreements Protect the Partners

A growing number of unmarried couples sign cohabitation agreements  (or cohabs), which are binding contracts that bear a striking resemblance to prenuptial agreements. Cohabitation agreements, which are prepared by attorneys, protect personal assets, and often address the same issues prenups … Continue reading

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