Rhode Island residents who are getting ready to undergo divorce are likely concerned with who gets which marital assets. The reality of the situation is that assets are only one part of the battle. You'll need to also divide up your marital debt in a fair fashion....
Property Division
How to split up three high-valued assets during a divorce
If you're getting divorced in Rhode Island, this can be an understandably difficult time as you negotiate how to divide property. Here's how a few common assets get split during a typical divorce process. Properties During a divorce, property division can be a major...
What business owners need to know about divorce
Divorce can lead to major disruptions in your personal and professional life, especially if you and your former spouse own a business together in Rhode Island. In addition to having a lawyer facilitate the divorce, it may also be necessary to enlist the services of a...
Financial concerns of divorce
Divorce can affect every part of your life in Rhode Island, including financial impacts that you may not think of at first. You have to come to an agreement with your spouse about these financial impacts in order to determine your future security. Continue reading for...
How to protect your assets from being divided
In a Rhode Island divorce, marital property is divided equitably. As a general rule, any item that is obtained or shared during a marriage is considered to be a joint asset. There are steps that you can take before marrying to protect assets that you bring into a...
How should you divide art in a divorce?
After deciding that divorce is the most favorable choice for you and your partner, you have several decisions to make together and separately. For instance, how should you two divide art pieces? The American Bar Association may have the answers you need. Determine how...
Why 61% of divorced women regret not hiring financial advisors
When you split from your Rhode Island spouse, you may want to do everything in your power to set yourself up for success on your own. Supporting yourself without your former partner may be among your concerns, and you may be seeking ways to maximize what you walk away...
Is your spouse trying to hide assets?
Rhode Island couples like you have a lot on your plate when going through divorce. Even if you are a childless couple, you still have financial matters to handle. In fact, asset division is often quoted as being one of the most complex and strenuous parts of a...
Planning for property division during a Rhode Island divorce
When a couple divorces, Rhode Island divides their property through its equitable distribution laws. Each spouse can reasonably expect to receive a fair share of the marital property. This does not necessarily mean half. When a divorce involves taking ownership of...
Retaining the full amount of your 401(k)
Past posts on this blog detailed how your 401(k) account becomes subject to property division during your divorce proceedings in Rhode Island. Depending on how close you may be to retiring, this may have a significant impact on your retirement plans. It may also...