Easily Delete Cross Out Option into the Divorce Settlement Agreement

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How to Delete Cross Out Option into the Divorce Settlement Agreement

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hey guys brent boyer again from adam so i wanted to talk uh you know lets talk divorce i want to talk today about an issue that came up when i was meeting with a client um someone that had we had not done his divorce case but he came to us after the fact about a year later and was looking for some advice and guidance on what had gone on with the house and how they settled the property and the property settlement that they did in the divorce case and what exactly went on and what to do from there so please remember to like and subscribe to the video that would help so person uh this client got divorced and he made an agreement in his divorce that he was going to buy the house and they had this whole thing worked out of how much money he owed his ex-wife for some buyouts on some personal property and some other things and a whole arrangement set up that he would keep the house and then he was going to live there buy out her share of the equity and buy out i think it was like a car and s

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Is a brokerage account a marital asset?

The market value of stocks held in an investment account opened during a marriage may divide fairly in divorce. If a spouse inherited a stock brokerage account or received it as a gift, however, it generally classifies as separate property, as noted by SmartAsset.com.

Am I responsible for my spouses credit card debt in divorce?

You are generally not responsible for your spouses credit card debt unless you are a co-signer for the card or it is a joint account. However, state laws vary and divorce or the death of your spouse could also impact your liability for this debt.

How do I remove debt from my credit report after divorce?

Because it is accurately reported, the debt will not be removed from our credit report unless the lender agrees to change your contract. Your best option may be to pay the debt in full, if you can and seek recourse in collecting the debt from your ex- spouse. It will then be updated to show it has been paid.

Can my husband remove me from health insurance?

You cant remove your spouse from your insurance before divorce. The law is quite clear on that. However, after your divorce, you are legally obliged to remove your spouse from your health insurance cover. Only spouses and dependent children are allowed to be included in your insurance coverage.

What happens to stock portfolio in a divorce?

In California, the law sees any assets attained during the marriage as community property. This categorization includes stock options and other investments. Community property is subject to equal distribution during divorce.

How are brokerage accounts split in divorce?

In California, financial investments are divided ing to Californias laws governing community property. Any assets acquired during the course of a marriage in California are considered community or marital property and are divided equally upon divorce.

How do I protect my stocks in a divorce?

As noted, a prenuptial agreement can be one of the best ways to protect assets if you have concerns that a marriage may eventually end in divorce. A prenup can specify which assets each spouse is entitled to should the marriage end and what type of spousal or child support may be provided.

How do I separate a brokerage account in a divorce?

For taxable accounts, such as a brokerage account you own jointly with your spouse, you typically must provide a letter to the financial institution requesting that the joint account be closed and that new, separate accounts be opened in each persons name.

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