Divorce is never an easy process, but it can be particularly difficult when spouses share assets. Spouses can be particularly, understandably concerned about their real estate investments. Many don’t see the family home as a financial asset. Instead, they are emotionally tethered to it. If you are concerned about keeping your house in a divorce, here are some steps you can take. They could help ...
Each state has its own rules on how to divide marital assets. Generally, they use one of two systems: equitable property division or community property division. In this article, we focus specifically on Iowa’s approach to dividing assets in a divorce. If you are an Iowa resident preparing to end your marriage, this information will help you understand what to expect. Equitable Distribution vs. ...
Breaking up is hard enough, but when you have to figure out what to do with your pet, it can be even more challenging. If you're going through a divorce and hope to keep your pet, here are some things you'll need to consider. Pets Are Considered Property in a Marriage Under common and civil law, pets are classified as moveable property. In the event of a divorce, pets are subject to division like ...
An annulment is not at all the same thing as a divorce. In a divorce, you divide property and determine spousal support. The purpose is to help someone stable as they transition into singledom. Divorce ends a marriage. Effectively, you are breaking up a legal family, and the law wants to make sure everyone is protected. Annulment doesn’t end a marriage. It nullifies the marriage, erasing it from ...
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