How to Divide Household Items in a Divorceyour list
In addition, it may be possible to negotiate a different split than 50/50 by trading the value in one asset for another. For example,one spouse may want to own the family home after a divorceand if that’s the case, he or she may be willing to give up a greater share of any reti...
Dividing adefined contribution planis relatively simple. The amount of this retirement account to divide in divorce is determined by obtaining a statement closest to the date of marriage and a statement closest to the date of divorce (or date of separation). The increase is marital property, sub...
Let’s be real. There is a lot going on here that has nothing to do with real estate. Give yourself a little time to deal with the emotions of going through a divorce. If you have kids, they must be the number one priority. You need to decide who will stay in the home with them...
Before you can take part in selling your home as part of a divorce in California, you’ve got to make sure that you own the house in the first place. Sounds simple. But that isn’t always the case. California courts operate under the presumption that property, including homes, acquired ...
Is Separation the Same as Divorce? In most cases, the legal termination of a marriage will result in a divorce. Unlike a separation, a divorce is permanent. This means both spouses are free to remarry. However—depending on the state where the couple lived and how long the marriage lasted...
Say one spouse has a high-priced boat that is her pride and joy. Rather than sell the boat and divide the funds received for it, the boat aficionado may agree to swap her half of the house for the spouse's half of the boat. Usually, the marital assets used in such a trade-off ...
How are businesses divided during divorce? It is important to recognize that just because you ran the business does not mean you will receive 100 percent of it. State divorce laws vary, so where you live will impacthow the court will divide your marital assetsincluding businesses. Some states...
Child custody and visitation.You and your child's other parent agree on how to divide the care of your children. Child Support.You and your child's other parent agree on whether or not and how to provide child support. Spousal support.You and your spouse agree on whether or not and how...
clearly spelled out and referred to as the TSP balance directly in the divorce decree. Aqualified domestic relations order (QDRO), a court order used to divide the assets that are in specific types of retirement plans, including qualified plans such as 401(k)s, does not apply to the TSP....