Once you decide to divorce, living together will likely become much harder. Yet, one of you moving out is not always a realistic possibility as it can imply considerable extra expense. Even if one of you moving out is financially possible, neither of you might want to, especially if you have children. You might feel it would jeopardize your chances…
When you decide to get divorced, you typically get to keep separate assets, and you have to divide marital assets. Separate assets may have been purchased prior to your wedding, but everything after the date of your marriage likely counts as a marital asset – with a few exceptions for an inheritance, some family heirlooms and things of this nature.…
Some people going through a divorce use social media to express their feelings or seek support from people in online communities in similar situations. The use of social media during a divorce is widely discouraged, as it can affect the outcome and someone’s response to the process. This guide discusses how social media can negatively affect you during your divorce:…
Your marriage is officially over – or it will be, once all the negotiations are done and the paperwork is all signed and properly filed. You’ve mentally moved on, and life is short, so why not take a chance on a new relationship if the opportunity is there? Well, dating during your divorce can be problematic. You may be entirely…
Discussing divorce with children is a challenging yet necessary task. The conversation’s emotional gravity can make it difficult, but parents can help their children navigate this tough situation with careful planning, compassion and honesty. Before talking to your children about divorce, it’s essential to prepare. Discuss how to present the situation with your spouse, aiming for a unified message. Keep…
Divorce is a major financial upheaval. While dividing up assets is often the focal point of divorce proceedings, equal attention must be given to debts. Failure to address debts can have long-lasting ramifications for both parties. Debt acquired during a marriageis generally considered marital debt, so both parties are responsible. Even if a court assigns responsibility for paying off a…
Like many in Southport, you may find it hard to understand the notion of your 401k being an asset that is subject to property division. After all, your account is any available through your employer and is typically supported solely by your income (as well as any matching funds offered by your employer). Why, then, would it be considered a…
After many discussions, you and your spouse have decided that you’re going to get divorced. It’s time to begin dividing your lives. Since you have a shared bank account, you’re considering closing that account and starting one under your own name. In many ways, this is a wise and necessary step. For instance, many couples will separate while they get…
With housing costs as high as they are, more and more divorcing couples are facing the question, “How do you move on when you can’t afford to move out?” Whether you’re just biding your time until the home is sold and the proceeds divided or you and your ex are trying to share living space to make co-parenting easier, there…
Getting divorced can be difficult if you have children and you have to split up custody. You and the other co-parent have to work together to find a custody arrangement, or the court can decide how you should split up parenting time and decision-making power. Another common issue is property division, where you split up the marital assets that you…