Author Archive
When the decision of filing for a divorce has been made, several things must be accomplished including dividing all assets. Any assets acquired during the marriage must be equally split between both parties or one part must buy out the other.
A property settlement includes anything that can be outright owned. For example – land, houses, any business you own (including partnerships), vehicles, bank accounts, shares, household items, furniture, tools and equipment, and even trusts. It includes any property you or your partner owns, regardless of whose name is on it. Any property that is owned by either of the spouses before marriage can also be included and added to the assets. Any debts must be paid off before the division of assets can be done.
Divorcing parents may have a child custody agreement as part of the divorce proceedings. This agreement may have been settled between the divorcing parents were decided in the courts. The courts decide custody based on what is in the best interests of the child.
Custody arrangements determine which of the parents have the right to make decisions about the child’s healthcare, education, and religious upbringing as well as the every day care for the child. Only one parent may be seeking custody in some cases. The other parent may be satisfied with visitation rights. The court proceedings can be stressful and emotional if both parents are seeking custody.