Category: Divorce

Prenuptial Agreements: What The Heck Are They?

Author: Lowell Steiger

Published On: November 14, 2009

Prenuptial agreements are agreements between prospective spouses made in preparation of marriage. In marriage, each person has certain legals rights, such as property rights or spousal support (aka alimony). In order to modify these legal rights, the prenuptial agreement is used, which results in a person giving up certain rights which they would otherwise have acquired by reason of the marriage. Courts are increasingly recognizing prenuptial agreements due to rising incidence of divorce and remarriage. It’s A Contract Just In Case the Marriage Winds Up In Divorce Prenuptial agreements are like contracts. And like any contract, a prenuptial agreement must be… Read More

Divorce: What Is Community Property? It’s Mine, No It’s Mine. Well, Which Is It?

Author: Lowell Steiger

Published On: October 19, 2009

Community Property laws vary from state to state. Does Community Property Law apply in your state? Well, here’s the list: California* Idaho Louisiana Nevada New Mexico Texas Washington Wisconsin So, what then is Community Property? Simply defined, “Community Property” is all real and personal property, wherever situated, that has been acquired during marriage by a married person while domiciled in California* unless the property was his or her separate property. Wait! The word “unless” is in that definition. Yes, the “unless” part is very important when dividing property upon the dissolution of marriage. What, then, is “separate property?” “Separate property” is all property… Read More

Divorce and Alimony: What Is It and What Factors Affect It?

Author: Lowell Steiger

Published On: October 18, 2009

irst of all, what is Alimony?* Generally speaking, it is the money paid by one ex-spouse to the other for support under the terms of a court order or settlement agreement following a divorce. Alimony is also called “spousal support” or “maintenance.” Okay, there are many factors that affect the amount and duration of alimony. While this is not a complete list, it pretty much covers all the general bases. Keep in mind that every marriage is unique and it is the combination of the factors below which will influence the spousal support determination. Factor Description Length of the marriage… Read More

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