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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 ...
In dividing shared assets during a divorce, it can be tempting to want to keep the marital home for any number of reasons, but it’s important to be sure this is the best financial decision for you.
The object is to prevent widow(er)s and divorce(e)s, and their minor children, being cast into poverty by the death or divorce of the richer spouse. Accrual System ( South Africa ) or Deferred Community Property ( Canada ): Marital property is separately owned during the marriage, but after marriage (divorce, death of a spouse), the net assets ...
Divorce is a challenging life event, but protecting your investments can mitigate the long-term financial heartache. By taking a methodical and informed approach, you can navigate the complexities ...
Community property issues often arise in divorce proceedings and disputes after the death of one spouse. These disputes can often be avoided by proper estate planning during the spouses' joint lifetime. This may or may not involve probate proceedings. Property acquired before marriage is separate and belongs to the spouse who acquired it.
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 ...
The most common reasons for an estate sale is the death of the property owner, [2] and the consequent need to quickly liquidate the deceased's belongings for any number of reasons: The survivors/heirs may have no interest in the bulk of the personal belongings left by the deceased; The survivors/heirs may simply lack space to keep the belongings
Having your accounts will allow you to manage your money independently and avoid potential complications during the divorce proceedings. 8. Consider Child and Spousal Support