What happen if you divorce a disabled spouse?
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What happen if you divorce a disabled spouse?
You May be Required to Pay Spousal Support If your spouse has a disability that makes them unable to work, or means they have a lower earning potential than you, then your spouse may have a strong argument for seeking spousal support, otherwise known as alimony.
Are disability payments marital property?
Some courts have classified private insurance disability benefits according to the nature or purpose of the particular benefits, so that disability benefits are marital property to the extent that they replace retirement income but separate property to the extent that they compensate for personal suffering and lost …
Can I add my spouse to my mortgage without refinancing?
It also isn’t possible to add someone new to your mortgage without refinancing the loan as the bank will have to assess their income before they make them liable for the mortgage debt. It should be noted that a mortgage does not imply ownership over a property which is instead denoted by a land title.
Should both spouses be on mortgage loan?
You must be married or defacto and living together or intending to live together. One borrower must be on the title (an owner of the property). Both the husband and wife must be borrowers on the loan for their income to be considered. Your loan must not exceed 95% of the property value.
