Ten ways in which a divorce could affect your credit score: 1.) Having to refinance your home 2.) The splitting of the debt was uneven 3.) Going from two incomes to one 4.) Not disclosing all debt during the proceedings 5.) One party doesn’t pay his or her agreed-upon share 6.) One party still has…
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While the overall divorce rate is decreasing, the divorce rate for people over the age of 50 has increased from 1 in 10 to 1 in 4. MarketWatch created a checklist to help mitigate the financial risk associated with divorce over age 50. Below is a list of items to consider, prior to filing for…
Continue reading ›Researches have come up with 7 common reasons couples end their marriage. 1.) Infidelity 2.) Substance abuse 3.) Lack of commitment 4.) Too much conflict and arguing 5.) Growing apart 6.) Financial problems 7.) Getting married too young If any of these issues have affected you, and you are considering filing for divorce. Contact the…
Continue reading ›For 2018, the estate tax exemption has increased to $5.6 million per individual, increased from $5.49 million in 2017. Thus, a married couple will be able to shield $11.2 million from federal estate and gift taxes. The annual gift tax exclusion has finally increased to $15,000, after remaining at $14,000 since 2013. For more information…
Continue reading ›Divorce creates profound stress and emotion, and often precipitates other changes in your life. The outcome of your case can affect you and your family for many years to come. For these reasons, it is essential to find attorneys that adequately represent your interests and make the divorce process as smooth as possible. Unlike other…
Continue reading ›The grounds for annulment in Michigan are as follows: 1.) Prior spouse of a party: a marriage is void if it is performed while one of the parties is currently married to someone else.2.) Relationships of consanguinity and affinity: marriages between parties related within certain degrees of consanguinity or affinity are prohibited (i.e. mother and…
Continue reading ›In short, the answer to this often answered question is no. When a relationship gets to the point of divorce, there are many reasons one of the parties considers moving out of the marital home. Certainly, if you decide to file for divorce or your spouse files for divorce (and serves you), you have every…
Continue reading ›If you are in the process of obtaining a divorce, you are probably focused on getting on with your life. However, you also need to spend some time thinking about the important documents governing your death. It is important to update all of your estate planning documents during or after your divorce. These documents include:…
Continue reading ›Highest/Lowest Divorce Rate by State:The State with the highest divorce rate is Nevada, with 14.7% of marriages ending in divorce.New Jersey, on the other hand, has the lowest divorce rate, at only 9.1%. Top Reasons to Marry:1.) Love,2.) Making a lifelong commitment,3.) Companionship,4.) Having children, and5.) Financial stabilityTop Reasons to Divorce:1.) Lack of commitment,2.) Too…
Continue reading ›It is important to comply with your parenting time order at all times. Please keep in mind that holiday parenting time differs from your regularly scheduled parenting time. Holiday parenting time will “trump” your regular parenting time schedule. If the other parent is refusing to allow you to see your child, you have several options…
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