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July 2014 Archives

Splitting credit debt in divorce

Division of assets is one of the more complicated parts of any divorce process. As Connecticut residents experienced with divorce can attest, this process can become even more challenging if one or both parties fail to keep up on debt repayment requirements as spelled out in a divorce agreement. However, there are steps that can be taken to help smooth the road to an equitable division of debts at the end of a settlement.

Dividing a home during divorce can be challenging

Separating is never easy, but the logistics of dividing property can be even more challenging. Connecticut residents who have been through divorce can attest that it can be difficult to determine how property, especially large-ticket items like homes, should be divided. This is why it can be beneficial for both parties to learn more about the property division laws in their state before starting the divorce process, in order to be better prepared for any challenges that might arise.

Asset division in divorce can be complicated

With gray divorce on the rise, more and more divorcing couples are dealing with 10 or more years of shared assets that must be divided during the separation. As some Connecticut residents are aware, this part of divorce can be extremely contentious, no matter how amicable the split might be. It can be very helpful for both parties to understand what assets they're entitled to before beginning the process.

Taking steps to deal with divorce issues ahead of time

Preparing for a divorce can be emotionally taxing, but some experts agree that putting off that preparation can lead to more trouble in the long run. Connecticut residents may benefit from approaching divorce issues head-on rather than waiting to arrive at the negotiation table to start addressing them. The following are just a few of the ways men and women alike can prepare for divorce.