What to Do About Debt During Your Divorce?

Did your husband just take out a massive car loan so that he could salve his mid-life crisis with a sleek new Porsche 911 Carrera? Well, once you hand him the divorce papers, you may end up shouldering up to half of that debt! Many couples assume that working out a divorce settlement is all about figuring out how to divide assets. What they often don’t realize is that they will also have to figure out how to manage shared debt. How Debt Works During a Divorce Your marriage estate includes all of the assets that you and your spouse accumulated during your marriage along with most types of debt. It doesn’t matter who took out the debt, whether you overspent your credit cards or your spouse bou

Top Ten Questions to Ask Your Divorce Attorney in the Initial Interview

If you are contemplating a divorce, you may be shopping around to find a divorce lawyer to represent you. At the initial consultation, there are several important questions that you should ask. 1. How long have you been practicing, and what percentage of your practice is devoted to family law? It is important to have an attorney who is experienced in family law. In this era of specialization, it is impossible to do everything well. 2. Do you prefer to negotiate and settle, and what is your attitude toward mediation? You will be best served by an attorney who is looking for ways to solve problems, not to escalate disagreements. An attorney who is willing to try all avenues to resolve your ca

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