Easily Remove Cross Out Option into the Divorce Settlement Agreement

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How to Remove 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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Can a creditor come after me for my spouses debts?

If your spouse is assigned a joint debt or a debt in your name and does not pay, the creditor can still come back after you directly. Even if your divorce decree orders your ex-spouse to pay a debt, you may still be sued by a creditor if your name is on the debt.

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 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.

How does credit card debt work with divorce?

In most states, you are responsible for all credit card debt incurred in your name in a divorce. You will not be responsible for your spouses credit card debt if it is in their name only. In community property states, if the card originated during the marriage, you are responsible for 50% of the debt.

Are credit cards considered assets in a divorce?

If you file for divorce and you have any shared credit card debt with your spouse, in the state of California, you are both equally liable for paying it off. California is a community property state.

How do I get the most out of my divorce settlement?

5 Things To Make Sure Are Included In Your Divorce Settlement A detailed parenting-time scheduleincluding holidays! Specifics about support. Life insurance. Retirement accounts and how they will be divided. A plan for the sale of the house.

Does having a new partner affect divorce settlement?

It can be tempting to move in with a new partner before a divorce is finalized for companionship or financial reasons, but it is not recommended in most cases. Cohabitating with a new partner can affect child custody, property division, and alimony payments.

Who pays credit card after divorce?

Generally, courts divide the couples debts and assets, while deciding who is responsible for paying specific bills. Some states consider the assets and debts each spouse brought into the marriage. Other states consider everything to be owned equally.

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