Approximately 13.6 million adults act as custodial parents in the United States. For many of these parents, child custody arrangements are in place. If you are divorcing and working out a custody arrangement, chances are you have read a lot of information about child custody on the internet. Unfortunately, a lot of the information you have read is based on well-established misconceptions. Here are a few of the most common myths about child support. [Read More]
Tips For Protecting Your Finances During A Divorce
One of the most challenging parts of a divorce can be money issues. Since you'll be dividing shared assets, dividing on spousal support, and paying court and legal fees, you may have concerns about protecting your finances during the process. Here are some things that you'll want to do to help ensure your finances will be in a good spot after your divorce is over. Know Your Personal Finances The first thing that should be done in a divorce is to gather all of the financial information you can about you and your spouse as a couple. [Read More]
How Do You Deal With Your Debt When You Get Divorced?
Divorce can be a challenging and complicated process, especially when it comes to dividing up assets and liabilities. One important issue to consider is what happens to debt after a divorce. Here are some things you need to know: What Is Debt? Debt can take many forms, including credit card balances, mortgage loans, car loans, student loans, and other types of debt. During a divorce, debt is typically categorized as either separate debt or marital debt. [Read More]