Comments on: Community Property vs. Equitable Property Rules in Divorce

By: More on Equitable Property Rules | The Financial Divorce Blog

More on Equitable Property Rules | The Financial Divorce Blog — Fri, 30 Oct 2009 11:56:36 +0000

[...] new here, you may want to subscribe to my RSS feed. Thanks for visiting! As mentioned in an earlier article, most states follow the Equitable Property rule when considering how to distribute [...]

By: GeneTinsley

GeneTinsley — Sat, 10 Oct 2009 00:55:57 +0000

what a great site and informative posts, I will add a backlink and bookmark your site. Keep up the good work!

By: Chris

Chris — Fri, 04 Sep 2009 02:37:26 +0000

If I signed a contract agreement to use the house that we both own as collateral to purchase a business (auto insurance)am I entitle to a buy-out in a divorce? We are both stated as owners but she runs the business and I have my own job to provide us and the kids dental, life and health insurance. I dont know excactly what her monthly income is because she’s her own boss and its really based on commission. How do I find out what her average income is? Money has never been a issue in our marriage until now because of seperation that leading to divorce. She has filed for seperation now that I moved out of the house and coming after me for child support for our 1 child.

By: DAKane

DAKane — Fri, 28 Aug 2009 12:29:09 +0000

If he was awarded the vehicle in the divorce then you cannot take possession of it. How is the loan handled in your divorce agreement? Are you liable for some of the payments, or is he supposed to have taken over the loan in full? If both of you are on the loan then yes, your credit is vulnerable to his poor actions. Your best bet would be to approach the lender to see what your options are. If you explain your situation honestly, they should work with you to find a solution. Good luck.

By: KittyKat

KittyKat — Sun, 16 Aug 2009 16:32:18 +0000

My ex has our 4-wheeler. It has both of our names on the loan. He was awarded it in the divorce. If he isn’t paying on it do I have a right to go pick it up from him? It is starting to ruin my credit so I am wondering what my options are.

By: KonstantinMiller

KonstantinMiller — Mon, 06 Jul 2009 21:29:04 +0000

Hi! I like your srticle and I would like very much to read some more information on this issue. Will you post some more?

By: Dkane

Dkane — Mon, 22 Jun 2009 01:01:02 +0000

It depends on how the property was acquired and which state you live in. Generally, in a community property state, if the property was acquired during the marriage and they are not separated, then it would be considered community property and included in the assets that would be negotiated during the property settlement. If the property was acquired by the husband prior to the marriage, then it could be considered separate property and would potentially not be included in the assets that would be split. I would recommend that you seek legal counsel in the state that you reside in to determine the proper treatment for this type of situation.

By: danro

danro — Sun, 21 Jun 2009 23:16:15 +0000

I recently read a story: http://www.bankapedia.com/mortgage-encyclopedia/residential-mortgage-terms/309-quitclaim-deed
that claimed a woman was swindled out of her house by a husband planning on divorcing her. He apparently was seeing another women, convinced his wife to quitclaim herself off the property when they were refinancing. Then dumped her, kicked his wife out of the house, moved in with his gf, and she was out of luck.
Does the wife have any recourse in this situation?

By: Assessing your financial health after a divorce

Assessing your financial health after a divorce — Tue, 16 Jun 2009 01:08:17 +0000

[...] is important to understand your financial situation – so start now. Go through all your financial records and set up a filing system that works for you. If you are comfortable with Excel put a spreadsheet [...]