For many divorcing couples, their retirement savings may be their most significant financial asset that must be addressed during their divorce negotiations. A retirement account is held in one person's name only yet is commonly split in a divorce. Some people may...
Property Division
Who gets the stock options in divorce?
Pieces of art, vacation homes and inherited property: As you might expect, high-asset divorces tend to include some items that are difficult to divide and distribute. Securities are among the most confusing for many people. Stock options are some of the most...
What is the difference between community property and equitable division?
When it comes to property division, each state decides exactly how it will do it. Some states use the concept of community property while others use equitable division. In which state you live will dictate how the court divides assets. There are similarities and...
How is property division determined?
Property division is one of the challenging bits of a divorce. You can agree on how to split valuables, assets, and debts with your partner. When this is not possible, or the issues involved are complex, both of you will have to rely on the court to decide on your...
3 steps spouses with high-value assets take to divorce
Everyone can attest to the fact that divorce is a complicated and costly process. However, there is even more complication when spouses that have amassed property of high value over the years seek divorce. These complications arise, especially when valuing assets and...
Will equitable distribution benefit my divorce outcome?
The way that your assets are divided in your divorce will depend on the state that you are filing in. While some states distribute marital assets equitably, others recognize the legal theory of community property. If you are filing for a divorce in Rhode Island, your...
Common factors that are considered when dividing property
In Rhode Island, marital property is not automatically divided 50-50 when a couple files for divorce. This is because the legal theory of community property is not recognized. Instead, equitable distribution is used to divide the property. This means that divorce...
Important questions to consider in the property division process
If you are going through a divorce, there will be many important processes that you will have to go through. For example, you may need to establish child custody, child support and alimony. In addition, you will need to divide all marital property, which can be a...
How marital assets are divided in Rhode Island
Different states have slightly varying rules when it comes to dividing assets in a divorce. Therefore, it is important that you understand the specific laws in the state that you are filing for divorce in. In Rhode Island, community property is not recognized. This...
Getting divorced? You should probably sell your house
You hear people talk about a lot of different options for the house when they get divorced. They own the home together so that the kids don't have to move. They try bird-nesting, where they actually share the home themselves. One spouse buys the house from the other....