What can be modified in a divorce decree?
What can be modified in a divorce decree?
A divorce decree can be modified if the terms of the divorce are unjust or conditions have changed since the divorce. Once the divorce is finalized and the time of appeal has passed (which is generally within 30 days of the decree), you cannot amend the division of property and liabilities.
How is divorce settlement calculated?
A fair settlement should first identify marital and separate property and address only how marital property is divided. You should also look at your state’s laws on how property is divided. States usually follow one of two ways to divide the property: 50/50 (community property states) or through equitable distribution.
Who is responsible for debt after divorce?
When you get a divorce, you are still responsible for any debt in your name. That means that if you and your spouse had a joint credit card, you are just as liable for that debt as your spouse. But the details of how that debt is handled can vary a bit depending on the state you live in.
