Category Archives: Divorce
Your Fiduciary Duty Toward Your Spouse
Many couples take a vow at their wedding to love each other for richer or for poorer, but finances are a major cause of discord even among couples who enjoy each other’s company and share similar values. Having opinions about the best ways to spend or save money does not mean that you are… Read More »
The Court Cannot Order Your In-Laws to Continue to Bankroll Your Lavish Lifestyle After Your Divorce
If a married couple lives beyond their means, it is no one’s business but their own. If they file for divorce, though, all their unsustainable spending habits come out in the wash. California law requires former spouses with a large disparity to pay spousal support to the disadvantaged spouse in an amount that would… Read More »
Can the Court Order You to Pay Spousal Support When Both Spouses Are in Dire Straits Financially?
If your spouse is asking for Spousal Support (previously known as alimony) as one of the terms of your divorce, and you have been researching Spousal Support laws online, most of the example cases you find involve a financially stable man and a woman who depended on him financially throughout their marriage, either because… Read More »
How Does Debt Work During Divorce?
Debt, like other marital assets such as bank accounts, real property, and many personal belongings such as cars and furniture, is divided during divorce. However, not all debt is shared equally. And, some debt is not shared at all, such as debt from before the marriage or other types of non-marital debt. If you… Read More »
How To Split Household Items in a Divorce
According to the Boston Globe, the average American home contains 300,000 items from couches to spoons. Those who have been stressed from trying to maintain an unhappy marriage are also likely to have stress-spent. CreditKarma conducted a survey where they found that 35 percent of people stress-spend monthly. While some of those purchases are… Read More »
Social Security Entitlement
Divorced couples have an uncertain future. One of the greatest uncertainties is each spouse’s financial stability, particularly those who have retired, are close to retirement age, or have not had a job for many years due to their role as a homemaker or stay at home parent. One tool to help ensure that you… Read More »
Dividing Airline Miles and Hotel Points
Marital assets include bank accounts, retirement funds, automobiles, debt, and so much more. Virtually everything acquired during marriage is considered marital property / marital assets, including your airline and hotel points. These can be a big deal to couples who travel frequently for pleasure or business, and who have accrued a large amount of… Read More »
