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Post-divorce, an advisor can help you create a new financial plan, establish a budget as a single person, help you understand the tax implications of selling assets and provide guidance on how to ...
Plan ahead and use the proactive measures in this guide to empower you and your spouse to make sound financial decisions, leading to an equitable and future-proofed partnership. Up Next:
Financial infidelity can impact a marriage just as bad as physical infidelity, she adds. A BankRate study finds that 42% of American adults married or living with a partner have kept a financial ...
A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
Child support includes the financial support of children and not other forms of support, such as emotional support, intellectual support, physical care, or spiritual support. When children live with both parents, courts rarely, if ever, direct the parents on how to provide financial support for their children.
A fault divorce is a divorce which is granted after the party asking for the divorce sufficiently proves that the other party did something wrong that justifies ending the marriage. [8] For example, in Texas, grounds for an "at-fault" divorce include cruelty, adultery, a felony conviction, abandonment, living apart, and commitment in a mental ...