by Administrator | Dec 26, 2018 | Financial Risks in Divorce, Personal Divorce
What happens when you already have a mortgage but need to sell the home and get a new mortgage for your new home? If you were not the person who initiated the divorce or were ordered by the judge to sell your property you may want to consider the difference in your...
by Administrator | Dec 6, 2018 | Financial Risks in Divorce, Personal Divorce
The word alimony is often used in relation to a divorce proceeding. Yet, if you use the term alimony as you design your settlement options you will likely hurt yourself financially. It doesn’t matter if you are the provider of the alimony or the receiver of the...
by Administrator | Nov 30, 2018 | Financial Risks in Divorce, Personal Divorce
The technical answer is Yes. But, the real is answer “it depends”. What does the term community property mean? Certain states have what is known as community property laws. If you live in a state that is defined as a “community property state” then all assets that...
by Administrator | Nov 30, 2018 | Financial Risks in Divorce, Personal Divorce
As a general rule, assets that someone inherits during a marriage are deemed separate property. The beneficiary of the inheritance owns the assets outright, separate and distinct from the other spouse in the marriage. Therefore an inheritance may (key word) not be...
by Administrator | Aug 15, 2018 | Financial Risks in Divorce, Personal Divorce
Many people are surprised when we share with them they have left a lot of money on the table in their divorce process. They wonder how this could possibly have happened. The reality is the labeling structure (e.g. cash, real estate, investments, etc.) usually does not...
by Administrator | Jun 9, 2018 | Financial Risks in Divorce, Personal Divorce
What is a homestead exemption? The homestead exemption is an aspect of the law in the United States that allows homeowners to preserve a portion of the value of their home if someone, for instance, attempts to remove you from your primary residence. The value of the...
