Once you decide to move on from your marriage, you'll turn your attention to the divorce process. This entails many key details, with property and debt division typically moving toward the top of the list.
Divorce will change your financial life in many ways, so it's critical to prepare in advance. Neglecting to do so increases the risk of making a mistake that costs you money both now and in the future.
A postnuptial agreement is an important legal document that can help any newly married couple protect themselves should they wind up filing for divorce. This document is often created when the couple fails to create a prenuptial agreement prior to getting married. Today, we will take a look at postnuptial agreements and their impact on the division of property.
Deciding that it is time to get married is exciting. It is also stressful and worrisome. Do you really know the person you are exchanging vows with? We truly don't can't know anyone and their past. That's why signing a prenuptial agreement is an important step to take prior to getting married. Here's how you can protect a beloved collection using a prenuptial agreement.
The fair market value of property that is going to be divided when you file for divorce is vital to the final agreement. If you fail to obtain the fair market value of any piece of property you could wind up losing out on a lot of money. Let's discuss how fair market value is calculated when dividing property in a West Palm Beach divorce case.
Social media has become a popular form of communication for billions of people all over the world. It is used to keep in touch with old friends, family members living thousands of miles apart and to simply share stories. But, social media can hurt your divorce proceedings immensely, especially when it comes to the property division part of the process.
Has your marriage struggled to maintain a healthy level? Do you realize that there is no way to fix the issues you and your spouse have? If so, divorce is likely the next step if you have already gone through counseling. As you work through the divorce process you will begin dividing assets. One asset that is always considered separate property is an inheritance.
Going through a divorce is hard, even if this is your second or subsequent divorce. It is a painstaking process that can cause a lot of stress, worry, frustration and anger. Many people want to rush through it to get it over with. However, the quicker you try to get through a divorce, the more likely it is that you will not get what you want. One important thing to remember when getting divorced is to stop any unnecessary spending during the proceedings.
Dividing property can be one of the most contentious aspects of a divorce -- particularly if you don't have a prenuptial or postnuptial agreement in place. It's always best when couples are able to agree on their own, with the help of their attorneys, how to split their assets, or what's known as the "marital estate." That's the property and other assets that a couple acquired during their marriage.
If you and your spouse didn't draw up a prenuptial agreement before you tied the knot, it's not too late to designate how you want to divide your assets and debts and how certain other matters, such as spousal support, will be handled if your marriage ends. You can use a postnuptial agreement to do the same thing.