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Divorce is a tough process on a personal and emotional level. It can be disruptive to families and impacts your life on nearly every level. Beyond these challenges, divorce is a major financial ...
Divorce not only dissolves a marriage but also leaves behind complex financial matters, particularly when it comes to debt. While some assume that the debt follows the person who incurred it, the ...
Creating a financial planning checklist for divorce can make it easier to navigate the process. Your attorney or a divorce financial advisor may provide you with a list of things to do (or avoid ...
Alimony, also called aliment (Scotland), maintenance (England, Ireland, Northern Ireland, Wales, Canada, New Zealand), spousal support (U.S., Canada) and spouse maintenance (Australia), [1] is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce.
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 ...
The Uniform Marriage and Divorce Act §307 (UMDA §307) [3] also allows for the equitable distribution of property and lists factors the court should consider, e.g. "the duration of the marriage, and prior marriage of either party, antenuptial agreement of the parties [which is the same as a prenuptial agreement or premarital agreement], the ...
With a quarter of Americans without retirement savings, it’s important for people to save money after a life-changing event like a divorce. Financial expert: 'Don’t try to keep up the ...
An uncontested divorce is a divorce decree that neither party is fighting. Over 40% of American children will experience parental divorce or separation during their childhood. [ 16 ] In a study of the effect of relocation after a divorce, researchers found that parents relocating far away from each other (with either both moving or one moving ...