Ending a marriage can be an expensive proposition even when uncontested. Here are the costs of divorce you should be on the lookout for.
How is Property Divided In Oregon During Divorce?
As opposed to community property states, where all property acquired during marriage belongs equally to both spouses, equitable distribution views the property as belonging to the individual spouse who earned it.
3 Major Factors That Impact Divorce Cost
UPDATED: This probably comes as no shock, but divorce is expensive. Why? To paraphrase the old dad-joke, because it’s worth it! In all seriousness divorce often does cost a great deal of money. Many things impact the ultimate financial cost, and like most things with ending a marriage, it varies …
How Is Debt Divided In Divorce In Oregon?
Oregon presumes both spouses contribute to the debt. It’s then subject to division in an equitable fashion. If you build up substantial liabilities during a marriage, the court views them as shared marital obligations.
Criminalizing Poverty: Unable To Pay Child Support
UPDATED: In the media, we hear a great deal about the problems dads who lose their jobs face. Many become stuck in situations where they can no longer afford to make child support payments. They’re often labeled “deadbeat dads.” After months of failing to pay, the courts may find these …
New Tax Plan, Divorce & Spousal Support: UPDATED
“In this world nothing is certain, except death and taxes.” So goes the familiar saying often attributed to Benjamin Franklin. With that in mind, we want to remind you of the tax changes that arrived with the new year and their potential to impact divorce, specifically spousal support. While we …
My Ex Refuses to Pay Her Share
After divorce, child support is often one of the biggest continuing expenses many fathers face. These court-ordered payments provide for the needs of your kids. In many cases, one parent pays a certain percentage, while the other covers the rest. But what if your ex won’t pay her share? Rick …
Can My Ex Come After My New Spouse’s Income?
Child support tends to get tricky. There’s a formula involved, but it accounts for many factors. Of course, the income of both parents, as well as level of need, figure prominently into the final amount. Like most court orders, once in place, child support is difficult to modify, though it …
Who Gets The Engagement Ring?
The old saying goes, possession is nine-tenths of the law. That’s not exactly a legally binding statue, but the underlying idea often plays a role. One situation we see frequently involves engagement rings. One of our founding partners, Rick Jones, makes regular appearances on the Danny Bonaduce and Sarah Morning …
Are You Responsible For Your Ex’s Debt In Divorce?
When you marry someone, you share your life with that person, for good and ill. Every facet of your lives weave together—you create a home, have kids, mingle finances, and build a life. After a while, it’s tough to tell where one life begins and the other ends. That’s part …
How Student Loan Debt Impacts Divorce
Money problems ruin at least as many marriages as infidelity, probably more. Financial strain is a huge source of stress for many people, both individuals, and couples. One major area where we feel the pinch is with student loan debt. One recent study uncovers the major impact it has on …
6 Unexpected Divorce Assets
People fight over just about everything in a divorce, from houses and cars down to boxes full of cookie cutters. Everyone thinks of bank accounts, vacation homes, stocks, bonds, retirement annuities, and the like. These are the common and obvious assets. But they’re not the only ones. Divorce settlements have …
How Major Purchases Impact Divorce
Divorce comes with any number of expenses. You have court costs, filing fees, an attorney to pay, and even a change in tax status. Those are the obvious ones, but there are others. In many cases, you need to find a new place to live. Perhaps your custody arrangement necessitates …
Prenuptial Agreements: Not Just For The Rich
We see it all the time on the news and the covers of the trashy gossip magazines we pretend we don’t read waiting in line at the grocery store. Some celebrity power couple is finally tying the knot! It’s about time. But don’t worry, they’re being smart and have an …
UPDATED: Spousal Support Modification: New Changes
This post has been updated. In the wake of divorce, you face many expenses. Ending your marriage may be the absolute right choice, but it rarely comes easy or cheap. One of the biggest continuing costs many men encounter is spousal support. Like many court orders, once in place, these …
Protect Your Business During Divorce
Whatever your business, you pour your heart and hard work into these ventures. They not only represent your passions and drives, but they’re also practical concerns. The process of ending a marriage is already a snarl of shared assets, parenting plans, and more. When there’s a business during divorce, it …
6 High Asset Divorce Mistakes To Avoid
Divorce has a significant impact on your financial future. In some unions, the dissolution of marriage and division of property are relatively simple. Especially in short marriages where there’s little to divvy up. The more there is to do, however, the more complicated the process becomes. There’s a great deal …
8 Common Child Support Questions Answered
For those of us who are parents, our children are the most important part of our lives. We do just about anything to keep them safe and put their well-being ahead of our own. When it comes to divorce, both parents remain responsible for sustaining any children, and part of …
5 Ways Divorce Impacts Social Security
Over the course of a marriage, two lives become inexorably entwined, and divorce is the process of untangling them. A relatively straightforward feat in shorter unions, the longer you and your spouse stay together, the messier things get. Social Security and Divorce For marriages over ten years, one thing to …
UPDATED: Spousal Support In Oregon: What You Should Know
UPDATE: The sweeping new tax plan Congress passed at the end of 2017 will impact almost everyone. This includes changes to divorce settlements, specifically those involving spousal support. Beginning January 1, 2019, on new court orders that include spousal support provisions, the party paying spousal support will no longer be …
It’s Possible To Crowdfund Anything, Even Your Divorce
Divorce is usually a private matter. Sure, your friends and family know what you’re going through, but most people don’t broadcast that news to the general public. As social media has become a ubiquitous part of modern life, that has changed—it’s remarkable what some people choose to share online. Another …
5 Financial Mistakes That May Impact Your Divorce Settlement
Divorce can have a massive impact on your life in many ways. In a relatively short span, your living situation, relationship status, and how much time you get to spend with your children may all undergo a titanic shift. One of the biggest consequences can be the financial impact of …
What is a Child Support Modification?
Your divorce is finalized and the child support order has been determined. Your ex has primary custody of the kids and you have been told what you must pay each month. This determination was reached after the court analyzed the data and information provided to them by your ex and …