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Divorce
Author: Wilson Davalos
Divorce
Divorces are a very hand and emotional time for families. Many don't know what steps to take. You will find some basic information.
Property
When you divorce both parties involved have their assets divided. Including those that where accumulated before their where married. Prenuptial agreements can protect some assets; an example would be if the husband owned stocks before the marriage. If the prenuptial agreement states that he is entitled to keep his shares, you may not divide those assets.
Without this agreement the stocks may be liquidated and divided. In some states assets are divided equally, in other states they are not. Sometimes that length of the marriage is a factor in the amount of the share going to the parties. Other factors such as age, health, income could also be a factor on how the assets are divided.
Other kinds of assets have be divided up such as houses, time shares, frequent flyer miles, pets, bank accounts, lottery winnings, business, jewelry, art, collections, cemetery plots, memberships.
Child Support
Child support is a huge subject in divorces; in most states you will have to pay child support until the children are able to take care of themselves, which is normally until the age of 18. In Hawaii and Massachusetts the age is 23. Each state has their guidelines on how much the amount of child support is to be paid.
Find out more about divorce at http:// IDoDivorce.com http://LapLounge.com
About the author:
Find out more about divorce at http:// IDoDivorce.com http://LapLounge.com
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A Quick Note
From The Publisher...
If you like the article above, you may be
interested in the following article which is also related to Divorce...
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Divorce and Hidden Assets |
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Not surprisingly, assets are often hidden in a divorce situation. Why - well simply greed, or the feelings of betrayal or anger at the need to divide assets in the divorce, or the fear of not having enough after the divorce all motivate the behavior of hiding assets. In divorce, the parties assets are divided. Under the divorce laws of some states they are divided equally and under the divorce laws of other states, they are divided "equitably" or fairly. Equitably often means equally to overworked divorce judges. There is no way to know in advance if your spouse has or will hide assets in a divorce. You know your spouse better than your divorce attorney will and you will need to alert your attorney to the possibility of your psouse hiding assets. Before you get to that point, however, there are some easy steps to take to prevent your spouse from being able to hide assets. Those steps include finding out everything you can about your assets before divorce. Before you alert... |
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