If you and your spouse get divorced, you may decide to sell your house. After all, as co-owners, you each deserve a share of the property in the divorce. Selling the house and dividing the proceeds is often the simplest way to handle this. However, there may be...
Property Division
3 ways that divorce can reduce retirement savings
It takes years of planning to ensure financial stability during retirement. Most professionals save for decades to enjoy their lives after leaving full-time employment. They set money aside in special accounts and may invest their resources to increase their value...
Can moving out during divorce make you lose the marital home?
If you are facing a divorce in Rhode Island and are considering moving out of the marital home, you may be wondering how this decision may affect your claim to the property. It is a common concern, as many people worry that leaving their house could hurt their chances...
How do you divide international assets in Rhode Island divorces?
Divorce is a challenging journey, and when it involves assets spread across the globe, the process becomes even more intricate. Picture this: You have built a life together, investing in a vacation home in Italy, maintaining a Swiss bank account or perhaps owning...
New Rhode Island law considers best interests of pets in divorce
This year, Rhode Island became one of a growing number of states that are directing courts to treat companion animals as something more than property when determining their future after divorce. This is crucial for couples who aren’t able to work out a “custody”...
Why do couples need professional property valuation before divorce?
Couples preparing for divorce sometimes rush through the property division process. They compromise more than they should in some cases, leading to an unfair outcome. Their hopes of completing the process as quickly as possible or their desire to minimize costs can...
What happens to the family business in a divorce?
Divorcing couples in Rhode Island often face complex challenges, especially when it comes to dividing a family business. Rhode Island is an equitable distribution state, meaning that marital assets, including businesses, are divided fairly, though not necessarily...
3 places to search for hidden assets when divorcing
As divorcing spouses, you must present a list of the assets you own to the court. It will use this when determining or approving how to divide property. For this to function, both you and your spouse need to be honest and list everything you own, without omissions....
Does commingling affect the equitable distribution of property?
In Rhode Island, marital property is equitably distributed during divorce. This means that while the property may not be split 50-50, the distribution aims to be fair and just. Commingling refers to the situation where one spouse’s separate property becomes mixed with...
3 types of assets that need a professional valuation during divorce
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...