J.G. Law LLC

03/09/2024

When you are married, it’s common to intermingle your finances, open joint credit card or loan accounts or purchase a home, making it tough to figure out what happens to that debt in the divorce.

Discover what happens to debt when you get divorced.

03/08/2024

Many of us have heard the statistic that roughly half of all marriages in the U.S. end in divorce. That statistic still holds true for first marriages. But if you’re going through a divorce, statistics are irrelevant: It’s your life that’s being impacted.

Understanding the process and getting solid advice can help you achieve a better outcome.

03/06/2024

Of all the things that need your attention when you’re going through a divorce, credit cards are probably low on your list. But making the right moves early on can set you up for a smooth return to managing credit as a single person.

Sorting out your credit cards during a divorce can set you up for a smooth return to managing your credit as a single person.

03/02/2024

Gray divorces are more common these days, and the financial impact of them may be greater than you think. https://bit.ly/3oN4oI1

03/01/2024

Is it worth keeping your mortgage in a divorce?

Mortgage rates are higher than we've seen in decades. Assuming the marital home mortgage could be a viable option for those going through divorce and keeping the home.

02/28/2024

Tax breaks you could be eligible for after your divorce.

You could be eligible for some tax breaks once your divorce is finalized. Keep reading to learn about what they are and how they may apply to your situation.

02/24/2024

Couples may sign a postnuptial agreement to protect an inheritance, provide for a stay-at-home spouse, assign ownership of a business, repay a parental gift, or salvage a marriage.

A postnuptial agreement is created by spouses after entering into marriage to outline the division of financial assets in the event of a divorce.

02/24/2024

More than 1 in 3 divorced Americans say credit card debt played a role in their decision to divorce their spouse, according to a recent survey. And of those who blame credit card debt as a primary factor in their divorce, 7 in 10 say that their ex-spouse hid the debt from them.

Many divorced Americans point to credit card debt and hidden spending as reasons for the split.

02/21/2024

Divorces in the U.S. have been declining over the past decade, though the divorce rate saw an increase of 3.6% between 2021 and 2022, according to the most recent census data. The rates also vary significantly between states.

Happy Valentine’s Day, America. Your divorce rates are ticking up.

02/17/2024

“Bird nesting” is a co-parenting arrangement where the kids stay in the family home, and the parents split their time between that house and a different one. While still an uncommon arrangement, it does appear to be on the rise, and it offers potential benefits, as well as challenges, for children and parents.

Experts explain how kids can benefit from this unique co-parenting situation.

02/17/2024

Your options for handling the marital home in divorce may depend on how the home is financed or titled, among other factors. Before choosing any particular course of action, consider the long-term financial impacts.

One of the biggest decisions divorcing couples face is who gets the house in a divorce. Here's what to know about divorce and your mortgage.

02/14/2024

Transferring retirement funds to a former spouse can have unintended tax consequences if done incorrectly, so the stakes are high for getting it right.

Splitting 401(k) assets in a divorce can lead to unintended tax consequences, there are ways to avoid financial penalties.