Life insurance is one of those things that people often buy about the time they start a family. Then, they tend to forget about it unless something serious happens.
So, you're getting a divorce. It happens. Now you have to decide what to do with the biggest asset you and your spouse share: your house.
A divorce decree is a legal document that represents orders from the judge and court. However, some people seem to think that they can just ignore any part of the decree that they don't like.
A Michigan appeals court has just ruled that marriage is a "share and share alike" situation until the divorce is final. For one resident, that means that he's obligated to split the proceeds of an $80 million lottery ticket that he bought while living apart from his wife.
A prenuptial agreement is a prenuptial agreement -- even if it goes by a different name.
Years ago, "dividing up the vinyl records" was a big sign that a relationship was truly over -- and splitting a significant collection of music could spark a serious fight in a divorce.
You never want to think that the person sleeping next to you might also be plotting your financial demise. However, spouses do conceal property from one another for multiple reasons, and it happens more frequently than you may want to believe.
Divorce proceedings are tricky enough, but when you are self-employed or a business owner, things get trickier. Knowing what common issues might arise while dividing business assets will help you understand the processes to expect and be prepared.