Do I have to pay the mortgage if I leave my wife?
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Do I have to pay the mortgage if I leave my wife?
Joint Mortgage Means Joint Liability If both your names are on the mortgage, then you are both legally responsible for making the payments. Even though you're separated, you need to continue to make your mortgage payments on time. Keep in mind that you are still responsible for the debt if your spouse doesn't pay.
Can one spouse get everything in a divorce?
When you get divorced, community property is generally divided equally between the spouses, while each spouse gets to keep his or her separate property. Equitable distribution: In all other states, assets and earnings accumulated during marriages are divided equitably (fairly) but not necessarily equally.
Are separate bank accounts considered marital property?
The law is actually very clear on this point: all property accumulated during the marriage is presumptively marital property. So, even if spouses keep separate accounts and pay bills separately, all income and property accumulated during the marriage is still considered a marital asset subject to division.