A prenuptial agreement is a document couples can use before they get married, helping to define what assets they own. For instance, the agreement may state that, in the event of a divorce, specific assets are going to stay with one individual or the other. These...
Property Division
What is transmutation of separate property?
During a marriage, there are two categories of property. Separate property refers to the assets and property that each spouse individually owned before marriage, while marital property includes assets and income acquired during the marriage, typically subject to...
Is your spouse spending extra before divorce?
You and your spouse have been discussing divorce, and you feel like it’s been going fairly well. You are hopeful that it will be an amicable divorce. Perhaps you were worried that your spouse would be unwilling to even discuss it or be unhappy about the idea, but they...
How couples can share retirement funds without penalties during divorce
Getting divorced is often a major financial challenge. The process itself costs money, and couples typically need to share their assets with each other. The income that once supported a single household must now cover two sets of bills. Many people preparing for...
How property is divided during an Indiana divorce
Since Indiana is an equitable property division state, the judge’s job is to determine property division, and he can do it any way he wants. Equitable property division does not mean that each spouse will get an equal share of the property. Property bought into a...
The principle of equitable distribution during property division
When a couple in Indiana decides to seek a divorce, their marital property will need to be divided. Spouses can negotiate an agreement on their own, or, if they are unable to do so, they can go to court and let the judge decide. In either case, both parties should...
Divorce Property Division and Home Appraisals in Madison, Indiana
Getting a divorce is a traumatic and confusing time. You should be aware of the impact divorce can have on your finances. For most married couples their home is the largest asset they own. When discussing property division, a home appraisal is a great way of...