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Why You Should Close Joint Accounts in Divorce

For many spouses, sharing financial accounts is part of being married. In divorce, however, any unclosed joint accounts can cause trouble. That’s why I recommend being diligent in closing open joint accounts. Then following up with the financial institution to make sure your requests are carried out. Here’s an example of a bad situation: A...

What Happens to Your Exclusive Use and Possession of the Marital Home When Your Former Spouse Remarries and Dies?

A common award in divorces is the temporary exclusive use and possession of the marital home until the youngest minor child turns age eighteen or graduates from high school.  Usually the divorcing spouses must sell the home and split the proceeds when the period of exclusive use and possession ends.  Rarely is any consideration given...

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