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Top Tips On How To Manage Your Finances After Divorce

Managing finances after your divorce is finalized is a big step in your new life. Since you have already gone through your divorce process, you know finance matters can make you highly stressful. For many people, the major cause of Rory and tension is that they will be devoid of their second household income. Moreover, there is a requirement to tighten your purse strings so that you can deal with a financially trying time. There are some others who struggle a lot post their divorce since their former spouses always handled the finance part. Here are some top tips for…

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What To Do If You Are Having Difficulty Paying Support

A common concern that often comes up after the entry of a divorce judgment in the court is the spouse who has been asked to pay for spousal or child support declares his or her inability to do so any more. The aim of this article is to discuss the steps that should be taken if such an issue comes up. Step 1: Go through the divorce decree thoroughly While it is an obvious thing to do, there are several people who tend to overlook it. A divorce judgment is an extremely crucial document, which anyone such as the judge,…

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Signs That Your Spouse May Be Hiding Assets

The assets owned by you typically come under various heads such as a business, your primary residence or primary home, a professional practice, cash value of your life insurance coverage, pension funds, retirement funds, shares, savings, bank accounts and other property investments. Rather than depending on the integrity of your spouse or only relying on the fair conduct of the court, it is a sensible approach to watch out for these strategies and signs to know whether your spouse is trying to hide marital assets are not. Check out the following key aims for your spouse to hide assets during…

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How To Take Good Financial Decisions During A Divorce

As a married couple you might have enjoyed a certain sense of financial security. Whether you were being supported by your spouse or you had two incomes coming in, it is always easier when you have someone to share the responsibility with. Going through a divorce could affect your financial situation in unexpected ways and if you are not prepared for them life could get very difficult. Here are a few ways you can make good financial decisions to help you during a divorce: Mutual consent and shared lawyer fees: At the very start of your divorce you could find…

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What To Know About Taxes In A Divorce Or Separation

Divorce is not an easy time for most couples and their families. However, a question whose answer is easy to respond to is the tax implications of a legal separation or a divorce. It has been observed quite often that there are several people who end up paying an exorbitant amount as tax after their divorce. It happens as they are not familiar with the implications in the beginning. After all, a family goes through a crucial transition and hardly enjoys paying a big sum in taxes due to a breakdown in the relationship. Thus, it makes sense for the…

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What Should You Do With Your House Post-Divorce?

Are you and your spouse contemplating to divorce one another? The most important question for a majority of couples who are about to divorce is what they should do with their house post-divorce. In fact, the family house is typically the most important asset to split. Plus, it is not simply a property for such couples. They may have formed a good rapport with the neighborhood, children are contented in the school in that locality and last, but not the least, the couple could have invested a lot of love, energy and time to create a home out of a…

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Status of Student Loan Debt After a California Divorce

Marriages come with many responsibilities and one of them is supporting a spouse with his/her student loans. Paying back the educational loan can be tough for some and becomes even tougher once a divorce takes place. Current statistics show that college students who take up educational loans end up with huge debts which become hard to pay. In a marriage, the debt can be cleared by both spouse but it’s not as easy as it sounds. It can get complicated and after a divorce, students loans can look like a huge burden. Finances are an important factor when it comes…

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What Happens To The Company You Run With Your Spouse After Divorce?

Many married people did not even think in their wildest dreams that would get divorced one day. This is especially true when the spouses work with one another. Irrespective of what decision you arrive at, these are some of the important things you need to sort out in your business while your divorce is underway. You need to be clear about creating divisions between emotional, financial and legal issues Any divorce is not just a legal split between married couples. When both of you are working together, you should be serious about sorting out ways of dealing with your business,…

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What To Know About Business Valuations In California Divorces

Professional business valuations is an expensive task in any marital dissolution. The spouse who manages the business quickly realizes that techniques used to value the practice have no relation with the practice’s fair market value. The spouse can then in all fairness insist that no willing buyer can be found. There can also be concerns regarding “double dipping”. This comes as the same earnings used to calculate a value in such a practice can also be utilized for calculating the support. In case the practice has a value of marital efforts, it must also be divided. In California, a number…

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Credit Scores Can Be Affected By Child Support Payments

During divorce, there are many factors that can negatively affect an individual. Child support payments are serious matters and default payments can even land an individual in jail. But there is another problem that arises due to untimely child support payments. Credit scores are also affected. Timely payments can strengthen the credit score and irregular payments can have the opposite effect. Child support payments are seen with the same importance as mortgage or vehicles by credit companies. Child support reports default payments to credit companies. The credit companies keep a track of individuals with defaults. Default payments have an effect…

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