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When a marriage comes to an end, one spouse may be ordered to pay spousal support to the disadvantaged party. While ruling on spousal support payment, the court will take into account both parties’ financial circumstances. Depending on the purpose, spousal support can...
Real estate is often the most valuable property that married couples share with one another. Both your primary home and any vacation or investment properties will substantially increase your personal wealth. Real property usually comes with major financial obligations...
Money problems are one of the most cited contributory factors to divorces. Sometimes that comes down to different attitudes to spending and saving. Sometimes, it is due to the financial pressure of making ends meet. If you have outstanding debts, you must take care of...
Divorce can be an emotionally draining process, and it’s understandable you want to get it done as fast as possible. However, the legal side of things can take time, and it may be months before you fully separate from your spouse. The length of your divorce depends on...
A gray divorce is a divorce that happens when one or both spouses are over the age of 50 and have been married for a significant amount of time, typically over 20 years. If you are facing a gray divorce, you may feel overwhelmed and unsure of what to do next....
A common misconception is that the husband always pays spousal support to the wife following a divorce. However, spousal support is not gender-based. Everything depends on the circumstances of the marriage. Usually, the court will award spousal support, otherwise...
When your children were little, you started to feel unhappy in your marriage but you stayed together for their sake. Now that they are grown and out of the house, you and your spouse have decided to get a divorce after being married for 20 years. You might be...
You and your spouse have several investment properties that you collect an income from. You have tenants who live in a few of the properties and businesses who rent some of the others. During your marriage, these properties have really helped you increase your net...
In the past, divorce was thought to be a “young people’s problem.” However, in recent years, cases of gray divorce (divorce among people 60 years of age and older) are becoming much more common. There are more than a few reasons that gray divorce has become more...
When you divorce, the final divorce judgment may require one party to pay alimony or spousal support to the other. Usually, these payments only last for a certain amount of time, which is also outlined in the final dissolution judgment. The purpose of this support is...
