Addressing financial matters is one of the most universal requirements of modern divorce proceedings. Spouses have to identify their marital property, determine what it is worth and then figure out a fair way to split that property between the two of them. Some assets...
Property Division
How to set property division priorities pre-divorce
Setting property division priorities before you divorce is an important step in navigating the often complex and emotionally charged process of ending your marriage. Thoughtfully prioritizing your approach to the asset division process can help in achieving a fair and...
How can divorce impact your debts and credit report?
Navigating the division of debts during a divorce is a critical concern that can result in long-term financial implications. Debts accumulated during the marriage are a key component of financial division matters. Clarity in this area is crucial for both parties to...
My spouse is hiding marital assets. What do I do?
When the marriage is over and divorce is on the horizon, one of the most contentious matters that the couple must resolve is how they will share the assets they acquired while married. Of course, money matters can be quite challenging to maneuver because a lot of...
Are retirement savings at risk during a Rhode Island divorce?
Most people understand that divorce has implications for each spouse’s finances. After all, the process is somewhat expensive on its own. Additionally, marital assets need to be divided and one spouse may even be subject to support orders that force them to make...
Protecting trust assets from divorce property division
In Rhode Island, people who get divorced will undergo a process of equitable property distribution. This means that the couple's marital assets and liabilities will be divided fairly but not necessarily equally. All of a couple's assets and liabilities acquired during...
Tax implications of divorce settlements in Rhode Island
Divorce in Rhode Island can have potential long-term tax consequences if improperly handled. It's important to note, however, that every circumstance is unique, but some legal maneuvers make the process much easier for you and your soon-to-be ex. The divorce...
What Is tenancy by the entirety?
In Rhode Island, one of the ways to define property ownership is called tenancy by the entirety. This is a special legal arrangement for married couples so that they can jointly own property in a way that allows them to maintain control of it if one of them passes...
The unique aspects of gray divorce in Rhode Island
Divorcing when you are over 50 in Rhode Island comes with unique challenges you wouldn't normally expect for younger couples. The emotional and financial toll it takes can be challenging to deal with, but one must find a way to tackle through so that they can come out...
Divorce and your mortgage
A divorce takes a toll on your emotions but also brings about major changes in your finances. The more assets you and your former spouse accumulated together, the more difficult it will be to divide these assets at the end of your marriage. It can be challenging to...