Search Results for: community property
How to Handle Your Finances in a Divorce: A Financial Advisor’s Guide
Divorce is one of those uncomfortable words that, when entering a blissful marriage, we hope never applies to us. But you and I both know that, unfortunately, divorce happens—a lot. It can be one of the most emotionally and financially challenging experiences in life.
Katy Perry and Russell Brand Reach Divorce Settlement
Katy Perry and Russell Brand have “entered into a comprehensive written settlement of all issues,” according to court documents filed in Los Angeles on February 7.
Divorce & Life Insurance
The purpose and need for life insurance doesn’t go away when couples split up. Life insurance can provide the resources to raise children when one or both parents die, and it can replace spousal support that a deceased ex would have paid to the lower-earning party in a divorce. Continuation of life insurance is often an element in court orders and settlement agreements in divorce proceedings.
Divorce & Credit Cards
If you are getting a divorce, pay special attention to your credit cards. You may be liable for any credit card debt, particularly if your credit cards are joint accounts. If you divorce and still have joint credit cards, you are asking for trouble, according to the Credit Info Center website.
Divorce & Credit Repair
Going through a divorce can wreak havoc on your credit report. You have to take care to separate all your accounts, and there is always the chance that your ex will try to do something to ruin your credit. Fortunately, once you take care of all the details, you can work toward rebuilding your credit.