Credit Ratings

Although credit ratings do not change because of a divorce, if you are not careful, what you don’t do during the divorce can negatively affect your credit. Anytime both names are on a contract you and your spouse together are responsible for those debts. It’s imperative that you take steps to separate your finances. One way to accomplish this is to refinance...

Dividing the Business

When dividing a business as part of the financial settlement in a divorce,  care must be taken to understand the process for the decision making. Generally a family business is an asset and therefore a source of income for both parties. Patricia Barrett, a certified divorce financial analyst makes these suggestions: Determine if the business is community...