If the court determines that you should pay alimony or you volunteer to do so, you may need to purchase a life insurance policy. You may then need to name your ex as a beneficiary. If you already have life insurance in place with him or her named as a beneficiary, you...
Month: October 2020
Will I have to pay alimony for life?
The rules about assigning alimony leave a lot up to judges. They can often make decisions about how long you have to pay and how much based on what they learn about your marriage and financial situations. In the past, some judges would order permanent alimony or...
What will ending our marriage do to our business?
Property division is often one of the most contentious aspects of divorce, especially for business owners. If you and your spouse co-own a business, ending your marriage can be extremely complicated. Joint ownership does not necessarily mean equal ownership, and you...
What should you know about the financial side of divorce negotiations?
One of the most challenging aspects of a divorce is dividing your assets and managing your finances so that after the divorce, you can continue to live a stable life. While you probably know it is essential to understand the complete financial picture when going into...
How can you overcome a grudge to healthier divorce?
During a divorce, it is easy to focus on the sadness and anger. It is normal to feel bitter, but the hostility and resentment may consume all your positive feelings. Mayo Clinic warns that you can harm your present relationships and compromise your connections when...