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Divorce often puts property and money on the line, so some people try to gain an unfair advantage. One way they do so is by hiding assets during the divorce process. This can lead to serious legal consequences and damage the outcome. What hiding assets looks like...
Divorce and bankruptcy often go hand in hand when financial stress builds up. If you or your spouse file for bankruptcy, it can complicate property division. Understanding how New York law handles these situations helps you prepare for what lies ahead. The impact of...
Divorce can bring many financial challenges. During this time, it's natural to want to protect your retirement savings. After all, for many families, retirement accounts are their most valuable assets—second only to the family home. Knowing how divorce affects your...
Dividing assets during a divorce is always a complex process. The stakes only get higher when these divorces involve business assets. Knowing the legal implications of dividing these assets is essential to make sure both parties receive a fair share. Determining the...
Divorce is challenging, and dividing property fairly is a crucial part of the process. Mistakes during this phase can lead to unfair outcomes, leaving one party at a disadvantage. Understanding common errors can help avoid these pitfalls. Not accounting for all assets...
Divorce is an emotionally challenging process, and one of the most complex aspects is property division. Beyond the legal and financial considerations, this process can trigger a whirlwind of emotions. If you are ending your marriage, it is helpful to explore the...
The two primary systems for dividing marital assets in the United States are community property and equitable division. The nine community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin, while the...
As you navigate the property division process in your divorce, you might hear about equitable distribution. Some people assume this to mean that the courts want all marital assets divided equally. In fact, equitable distribution focuses on fair distribution in each...
When a married couple with a jointly owned business decides to part ways, choosing how to settle that business in the divorce is difficult. There are a few avenues to consider as you navigate your settlement depending on your situation. The more you understand about...
The marital home is often the center of the property division debates in a divorce case. Deciding who keeps the house or how to distribute the financial responsibility is challenging, especially when you do not fully understand your options. There are several ways to...
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