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Posts tagged "Property Division"

Think twice before hiding assets during divorce

When a couple works through a divorce, there are likely ill feelings between the spouses. In anticipation of working through property division, child support payments and alimony settlements, a spouse may think that setting aside some money would be a smart way to ensure one leaves the marriage with more assets than one's spouse.

Prenuptial agreements: Think before you sign

Prenuptial agreements are often hailed for protecting a person's assets from going to a spouse during a divorce. Professional baseball and football player Deion Sanders can attest for the strength of a prenuptial agreement. He has been going through a messy divorce with his wife, who he was married to for 14 years. Along with child support payments, their prenuptial agreement has been the primary source of disputes.

What will happen to your insurance policies after divorce?

When couples divorce, they face the task of dividing many things. Property, assets, and mutual bank accounts must all be split apart. Deciding who gets the antique desk may be hard, but it is fairly simple to resolve. Once the couple determines who gets to keep the desk, the only thing left to do is load it onto a moving truck. Other things can be much more challenging to separate when a couple divorces, though.

Postnuptial agreements may simplify divorce process

After a couple gets married, they will likely work out a way to combine their budgets, bank accounts, debts and personal belongings. Some couples may realize after tying the knot that protecting the assets they entered the marriage with would be a smart idea. Postnuptial agreements can be valuable way for these couples to ensure they are guaranteed ownership of certain items regardless of the marriage's future.

Same-sex divorces can become complicated

In many parts of the country same-sex couples are unable to legally marry. However, after a couple does find a place to get married if they later decide to get divorced, the process can be just as challenging. A recent case in Ohio points out that differences between judges can influence whether or not a couple can untie the knot.

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