What is considered a marital home?
What is considered a marital home?
Marital property refers to property that a couple acquires during their marriage. In common law property states, property that is acquired by one spouse is considered their sole property unless the title or deed carries both spouses’ names.
When you marry someone does their debt become yours?
Debts you and your spouse incurred before marriage remain your own individual obligations—but you’ll share responsibility for debts you take on together after the wedding.
Can my husband take my inheritance in a divorce?
Broadly, any inheritance received after separation will not be subject to division PROVIDED that the parties have formalised their settlement by way of either a Consent Order, Court Order or Binding Financial Agreement.
How do I protect my assets from divorce?
If divorce is looming, here are six ways to protect yourself financially.Identify all of your assets and clarify what’s yours. Step one: Identify your assets. Get copies of all your financial statements. Secure some liquid assets. Know your state’s laws. Build a team. Decide what you want — and need.
