Do You Have to Maintain Your Ex’s Lifestyle?

If you’re going through a divorce or separation, you may have been warned about having to maintain the lifestyle to which your ex is accustomed. It’s a common concern, particularly in an acrimonious divorce between high-net-worth individuals.

The Law Office of David A. King, P.C. breaks down information according to Illinois laws. Including the many factors that go into determining whether someone is entitled to financial support and how much those payments will be. Along with how the division of your assets or property might play a role.

To read the full article, you may visit do you really have to maintain your ex’s lifestyle?

Divorces and Assets

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Are you currently going through a divorce? Are you worried that your spouse could be hiding assets during your divorce case? While hiding assets during a divorce is not allowed, many people still try to hide some assets. The Law Office of David A. King, P.C. brings up five signs that could indicate your spouse may be hiding assets during the divorce trial.

First, you could be on the lookout for any missing assets. David A. King explains how some people hide their assets so they are not taken into account during the divorce process. Has your partner’s expensive painting gone missing? Have you noticed your spouse stopped wearing their valuable jewelry? Missing assets is only one of the signs David A. King highlights. There are four other signs you can take a look at.

For more information, you may visit 5 signs your spouse may be hiding assets.

Divorce, Assets, and Debts

Are you about to undergo a divorce for the first time? If you are, you should try to learn a bit about the divorce process. You are never sure what information can help you during your divorce. Also, keep in mind, that every state has different divorce and family laws, so make sure you are looking for information related to the state you live in. The Law Office of David A. King, P.C. goes through and explains why listing assets and debts during a divorce is important. Take a look at the helpful information that is shared.

To read the full article, you may visit the importance of listing assets and debts in your divorce.

Assets and Debt in a Divorce

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Dividing property in a divorce takes a lot of time and patience. Both parties need to voice their opinions and come to some sort of agreement. The Law Office of David A. King P.C. emphasizes the importance of creating a list when discussing the division of property.

The list should consist of both your assets and your debts. Assets can range from a variety of things. Some examples of assets range from land, life insurance policies, and credit cards. As long as an item can be associated with a cash value, it can be argued to be an asset. Once you list all your assets, you can list your debts. The debts you list can be from your marriage or from the divorce process. The Law Office of David A. King brings up how auto loans, student loans, and personal loans should be included in your list.

After going through all your assets and debts, you should sit down with your ex-spouse and discuss the divison of property. If you both create a list, then everything will be out in the open. Both of you will be able to see what is being divided and going through the lists will help keep order.

To read the full blog, visit The Importance of Listing Assets and Debts in Your Divorce.