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A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
It is commonly claimed that half of all marriages in the United States eventually end in divorce, an estimate possibly based on the fact that in any given year, the number of marriages is about twice the number of divorces. [91] Amato outlined in his study on divorce that in the late of 1990s, about 43% to 46% of marriages were predicted to end ...
v. t. e. Grounds for divorce are regulations specifying the circumstances under which a person will be granted a divorce. [1] Each state in the United States has its own set of grounds. [2] A person must state the reason they want a divorce at a divorce trial and be able to prove that this reason is well-founded. [3]
Here are seven avoidable mistakes when it comes to splitting assets as part of a divorce. 1. Keeping the marital home when it’s not financially feasible. In dividing shared assets during a ...
Divorce is a complex life-changing event and you will need help from a trustworthy financial professional. Look for advisors with credentials such as Certified Financial Planner (CFP) or Certified ...
Avoid Paying Taxes on a Divorce Settlement. Any property transferred as part of a divorce keeps its tax basis. There is no step-up basis loophole in divorce proceedings. For example, say that you ...
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