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4. Other mortgage options after divorce. There are a few other mortgage options that may be worth considering amid a divorce. For instance, it is possible to keep the mortgage as-is, but this ...
For example, Jen just turned 39 and, after a decade of marriage, her husband Ben decided to file for divorce. They don’t have any children, but she used up her savings for a down payment on a ...
The general rule in § 1041(a) is that no gain or loss shall be recognized on a transfer of property from an individual to a spouse; [1] or a transfer of property to a former spouse if the transfer is incident to the divorce. This rule also applies on a transfer of property from a trust for the benefit of a spouse or former spouse if the ...
It allowed married women to own and sell real and personal property, control their earnings, to sue and to make wills. [21] Other legislation enacted that year made divorce and remarriage easier, provided protections for divorced women, and removed the five-year waiting period before a wife could file for divorce on the grounds of desertion. [22]
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 ...
7. Don’t overlook your own estate planning. Dealing with the aftermath of losing your spouse requires a lot of attention and time. But what not to do financially after losing a spouse is ...
As you figure out how to buy a house after foreclosure, a new lender can be an ally. Seek out a lender familiar with your situation, or one with several programs to choose from that can fit what ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]