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Posts tagged "property division"

Hiding assets during divorce can have serious consequences

When couples get divorced in Rhode Island they will generally try to agree on issues of child support, spousal support and the division of marital property. In preparation for these negotiations each side will typically seek information through the discovery process about the couple's income, assets and debts. If they are unable to agree, the court will issue the necessary orders after hearing evidence about the family's finances.

Understanding the demands of the divorce process

When couples in Rhode Island determine that filing for divorce is their best option, they are not often prepared to deal with all the demands of the divorce process. The end of a marriage requires spouses to evaluate their life prior to marriage and during their union, while also speculating the needs of their post-divorce lives. Our law firm understands that this is not an easy life event to go through. The difficulties and emotional toll the process creates could lead to disputes and various legal divorce issues.

What is marital property?

When couples get married, they often co-mingle their property. This means that they often share money, real estate, personal belongings and other assets completely. They both take ownership over the assets and use them for their benefit and for the benefit of the family. However, when a Rhode Island couple decides to separate this arrangement cannot continue. Instead, the couple must split their property. This can leave couples struggling to decide what property is marital and what property is separate.

Is Bitcoin cheating the divorce property division system?

Oftentimes, divorce breaks down not only a marriage, but the existing family as well. While this can be emotionally devastating for all parties involved, divorcing individuals also handle separation of assets. The financial burden related to property division can be crippling, but managing finances during a divorce is critical.

TV star Ramona Singer wants both homes in her divorce

Property division can be complex. Couples may have many assets or they may have few. Both cases can present unique challenges that couples must overcome. For example, many may have sentimental attachments to certain assets that may not hold much monetary value, but they still want to fight for these properties vigorously because they have special meaning to them. Or, they may wish to preserve certain assets that hold great monetary value that they believe they are entitled to. In any case, a strong divorce strategy can help divorcees fight for a favorable property division outcome.

After a delay, celebrity couple finalizes divorce

Some couples opt out of divorce, choosing instead to separate unofficially. This may seem like a good idea to some as it saves couples from having to undergo divorce proceedings, but more often than not it is more costly than beneficial. Not only can unofficial separation lead to increased emotional strain on couples, as well as possibly proving harmful to children who lack proper custody arrangements, but it can also be very expensive in the long run.

The 411 on property division during a divorce

One of the most expensive and valuable pieces of jewelry an individual will have in his or her lifetime is a wedding ring. A married couple will accumulate many assets over the course of their marriage. However, in the event of a divorce, the division of property can be one of the most complicated and challenging tasks the couple will face.

Dealing with finances in divorce

Rhode Island residents, like the rest of society have probably been to a Best Buy at least once in their lives. Not many of those individuals would think they have much in common with the CEO of the company. Divorce is a family law issue that does not discriminate against individuals based on their race, socioeconomic status, gender or sexual orientation.

Family law issues Rhode Island residents face

Rhode Island residents may think they have very little in common with famous athletes, movie stars and musicians. The reality, however, is that celebrities face many of the same family law issues that the rest of us face. One of these issues is divorce.

The details behind divorce

Rhode Island residents, along with the rest of the country, have felt the effects of the economy. Individuals are finding many ways to cut back and save. However, there are certain things in life that individuals may not want to cut back on financially. One of these things is divorce.

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