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Posts tagged "divorce"

Divorcing when struggling with debt

Many a Pennsylvania couple has found themselves headed for divorce and struggling with serious piles of debt at the same time. In fact, it is well-known that financial problems often contribute to marital struggles and even to some divorces. If you are in this situation, you might even be wondering if you and your spouse should file for bankruptcy before you get divorced. The answer to this question may depend on several different factors.

Important uses for a prenup

Many Pennsylvania residents might think that a prenuptial agreement is only useful for couples who are very wealthy such as celebrities or politicians. However, that is far from the case today as these marital contracts offer even the everyday or middle class couple many benefits. Understanding what a prenup can do is important for any serious dating couple.

Can I keep my business when I divorce?

If you own and operate a business with your husband or wife, you know that this can offer the two of you a very good life together. It can, however, become a source of struggle as it has for many other Pennsylvania couples before you. The struggles can only get worse if your marriage starts to fall apart and you appear headed down the path to divorce. At this point you will want to carefully evaluate your options for the business you have worked so hard to create and build.

Is it ok to use social media when getting divorced?

For many people in Pennsylvania, social media is part and parcel of everyday life. In the past decade, it has become an integral means of staying in touch with friends and family members and sharing important life events and milestones. However, if you are in the midst of a divorce or are contemplating getting divorced, you might want to think twice before you make a post on your favorite social platform.

The importance of documentation in a divorce

Even if you and your spouse have decided jointly that you can no longer remain married, you might not expect that they would misrepresent your assets during a divorce. While your spouse might not necessarily do anything illegal it is not uncommon for divorcing partners to fight hard to keep as much as they can from a marital estate and this effort may push the boundaries of what some believe is fair or even ethical. 

Does my divorce decree take care of everything?

If you have recently gotten divorced or maybe are in the process of a divorce, you will want to have a good understanding of what power your divorce decree will ultimately have. Certainly this document may be essential for you in many ways but it alone does not prevent your former spouse from inheriting your 401K account after you die, for example. 

Adjusting to life after divorce

Even after the paperwork is finalized and the new chapter of life begins, it can be difficult to adjust to life after divorce. Children or no children, life after marriage can seem challenging and even disorienting for many Pennsylvania residents -- especially in the immediate months following a separation. There are ways, however, to break through the cloudy skies and find happiness once again. 

Why do so many people sell homes in a divorce?

Have you and your spouse been contemplating getting divorced? If so, you are not alone despite how it may feel as many others in Pennsylvania have either been in your situation are are currently. Among the many things you may be wondering about is where you might live after you get divorced. It is natural to want to try and stay in a home where you are already established and comfortable, especially if you have young children at home. However, doing so might not be your best bet.

Are student loans split in a divorce?

If you are contemplating a divorce in Pennsylvania, you know that you and your current spouse will have to figure out how to split any assets you share. You will also have to figure out how to split any debts you have. If your spouse owes money for student loans that have not yet been fully paid, you might be concerned as to whether or not you will be held responsible for this money. On the other side of the equation, if you are the one who owes student loan debt, you might be wondering if your spouse will be held accountable for some of this, especially if they have clearly benefitted from your education.

Selling a home may be best in a divorce

Pennsylvania spouses approaching the end of their marriages often mourn the loss of many things including their family homes. The emotional ties that people can develop to their houses is understandable especially if they have raised their children in those homes and the kids are still young and living at home. Maintaining consistency for young children is also a reason that many people work to avoid losing their homes in a divorce. 

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