In many cases, you need to find a new place to live or need to buy a new car. Oregon generally views all income as marital funds, so if you use shared income on the item, it may be a divisible asset. If you use outside resources to buy it, it should remain yours.
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.
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.
Divorce can be expensive, even in low-conflict cases where the spouses agree on most issues. A contested divorce in Oregon typically costs between $7000 and $15,000. An uncontested divorce can cost less than $3000. Court costs, filing fees, and attorney charges add up quickly.
Divorce has a massive impact on your life in every way. One of the most overlooked consequences is the monetary impact of dissolving your marriage. There are many common, yet easily avoidable financial mistakes people make in divorce.
