How do I protect myself financially in a divorce?
How do I protect myself financially in a divorce?
If divorce is looming, here are six ways to protect yourself financially.Identify all of your assets and clarify what’s yours. Identify your assets. Get copies of all your financial statements. Make copies. Secure some liquid assets. Go to the bank. Know your state’s laws. Build a team. Decide what you want — and need.
What should you not do during a divorce?
Top 10 Things NOT to Do When You DivorceDon’t Get Pregnant. Don’t Forget to Change Your Will. Don’t Dismiss the Possibility of Collaborative Divorce or Mediation. Don’t Sleep With Your Lawyer. Don’t Take It out on the Kids. Don’t Refuse to See a Therapist. Don’t Wait Until After the Holidays. Don’t Forget About Taxes.
Is a husband responsible for his wife’s credit card debt?
In the 41 “common law” states, you are responsible only for debts in your name. If your ex charged that $39,000 on a joint Visa card in both your names, you are equally liable for the debt. Also, if you co-sign on your spouse’s credit card, you are on the hook for whatever bills are run up on that account.
Does your spouse’s debt become yours?
People probably get tripped up on this myth because in certain circumstances, you may be responsible for debt your partner incurs during the marriage. In general though, no, you’re not legally responsible for your new spouse’s old debt.
