When a couple with children divorces, one important consideration has to do with custody of the children. Will the parents opt for joint custody, will one parent have primary custody, or will the arrangement be something else?
The beach house is your home away from home, and you might want to keep it in the divorce. However, with two people’s combined debts and all the financial figures being thrown around, you do not know if keeping the beach house is possible.
One of the basic functions of a divorce is dividing assets. In order for a fair distribution of assets to take place, you and your spouse must both disclose all your finances. Sometimes this does not happen, especially in high-asset divorces. Your spouse may attempt to hide valuable property or income to avoid splitting them in the settlement.