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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.
In most divorces, the biggest asset that needs to be divvied up is the family home. If you still have a mortgage—which roughly 60% of homeowners do, ... Protecting your credit during a divorce.
Keep in mind, it’s illegal to conceal any assets during divorce proceedings. If the divorce is amicable, Jen may be able to sit down with Ben and work out terms that are agreeable to both parties.
Division of property, also known as equitable distribution, is a judicial division of property rights and obligations between spouses during divorce. It may be done by agreement, through a property settlement , or by judicial decree.
Community property (United States) also called community of property (South Africa) is a marital property regime whereby property acquired during a marriage is considered to be owned by both spouses and subject to division between them in the event of divorce. Conversely, property owned by one spouse before the marriage, along with gifts and ...
Before diving into specifics, it’s important to understand the legal framework that governs the division of assets during a divorce. Different jurisdictions follow different rules, but broadly ...
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