How is marital property divided in community and non community property states?
How is marital property divided in community and non community property states?
The main difference between community property and equitable distribution is that in community property states, there is an absolute 50-50 split of all property acquired during the marriage. In equitable distribution states, more assets may be considered marital property, but the split is not necessarily 50-50.
What is financial infidelity in a marriage?
Financial infidelity occurs when couples with combined finances lie to each other about money. For example, one partner may hide significant debts in a separate account while the other partner is unaware.
Where do you hide assets?
For your personal assets, such as your home you can hide your ownership in a land trust; and your cars you can hide in title holding trusts. These documents can keep your association with these items out of the public records.
How should a woman prepare for a divorce?
Reading: 10 Pre-Divorce Moves Every Woman Should MakePhone an attorney (or two or even three) I often hear women say they “aren’t ready” to talk to a lawyer. Gather the documents. Document your expenses. Alter your will. Rethink your health proxy. Open a bank account in your name. Start saving. Build your credit.
