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Categories of non-marital assets include:property you inherit;proceeds from personal injury awards (eg. divorce legal advice, adult children of divorce, child support enforcement, filing for a divorce, should i get a divorce, kansas divorce laws, joint custody parents live in different states, separation and divorce consequences, best divorce lawyer dallas, divorce checklist California child custody. Worker's compensation or accident proceeds);items owned prior to marriage; andgifts to one party rather than the family. If non-marital assets are commingled with assets purchased or improved during the marriage, it may not be possible to claim the asset as yours in the event of divorce. However, some "tracing" of non-marital assets may be possible. divorce legal advice, adult children of divorce, child support enforcement, filing for a divorce, should i get a divorce, kansas divorce laws, joint custody parents live in different states, separation and divorce consequences, best divorce lawyer dallas, divorce checklist Divorce public record. For example, if a non-marital asset is sold during the marriage and the proceeds from the sale are used to purchase another asset, it may be possible to "trace" a non-marital interest in the new asset. For example, if a car owned before a marriage is sold during the marriage and the proceeds used to purchase a new vehicle, a party may be able to claim a non-marital interest in the new vehicle. To do so, it is very important to retain all documents demonstrating the sale of the asset and the use of the proceeds realized from the sale. divorce legal advice, adult children of divorce, child support enforcement, filing for a divorce, should i get a divorce, kansas divorce laws, joint custody parents live in different states, separation and divorce consequences, best divorce lawyer dallas, divorce checklist Child support enforcement agency. TWO: Establish Your Own CreditMake sure your name is listed on all household accounts and investments. Establish at least one credit card in your own name. This will help to create an individual credit history. When you are on your own, you will have a better chance qualifying for loans, mortgages and credit cards. These are all important considerations after a divorce. THREE: Review Your Financial Holdings RegularlyMaintain complete and separate records of your financial holdings such as bank accounts, IRA's, 401K, land purchases, and stocks. This includes assets in your spouse's name as well. You may wish to maintain copies of these records at your place of employment or in a safety deposit box in your name. Records have a way of disappearing after a divorce has been started. FOUR :Time Your DivorceThe timing of your divorce may carry with it a significant financial impact. For example, in a single income family, the non-working spouse may not have earned enough money to qualify for Social Security at the age of retirement. However, if spouses are married at least 10 years and don't remarry, the non-earning spouse may qualify for Social Security benefits based on the ex-spouse's earnings when both reach the age of 62. FIVE: Close Joint AccountsIf a divorce is imminent, you should immediately contact joint-credit-card companies in writing to freeze or cancel your joint accounts.
Divorce legal advice, adult children of divorce, child support enforcement, filing for a divorce, should i get a divorce, kansas divorce laws, joint custody parents live in different states, separation and divorce consequences, best divorce lawyer dallas, divorce checklist
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