Also called alimony or spousal maintenance, spousal support is court-ordered payments that are intended to help a dependent spouse get back on their feet or ease financial hardship. There are three types of spousal Support in Oregon. Transitional, compensatory, and maintenance.
For the most part, student loan debt acquired BEFORE marriage remains separate property. Student loan debt acquired DURING the marriage becomes a bit more problematic. Things also vary depending on the types of loans. With federal loans, for example, the name on the paperwork matters most. Private loans usually require a co-signer, which, in the case of married couples, is most often a spouse.
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.
In Oregon, child support is often one of the biggest post-divorce expenses you encounter. With that in mind, here are some answers to the most common and frequently asked child support questions we hear.
No matter the name on the title, credit card, mortgage, auto financing, or business loan, Oregon presumes both spouses acquired a debt.
Ending a marriage can be an expensive proposition even when uncontested. Here are the costs of divorce you should be on the lookout for.
The divorce process comes with many expenses. You have court costs, filing fees, an attorney to pay, and even a change in tax status. In many cases, you need to …
The courts view your business as a divisable asset, and that’s what the court looks at. If you start a business while married, it will likely be considered marital property. That said, you’re not completely without ways to cover yourself. If you started the business before you were married, it would be treated as separate property. But if you invest joint funds, commingle marital and business assets or your spouse invests sweat equity it will muddy the waters.
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 …
Divorce can be a stressful, emotional time, where you’re juggling a great many balls. In this situation, things slip through the cracks and financial mistakes are made.
Over the course of a marriage, two lives become inexorably entwined. Divorce is the process of untangling them. A relatively straightforward feat in shorter unions, the longer you and your …