How Are Bills Split during Divorce?
Posted on May 21, 2012 6:30pm PDT
Are you in the process of getting a divorce? If so, you may be wondering how you are going to split your bills. Depending on what state you reside in, bill division comes under the category of property division and can be tricky. Most family law attorneys recommend settling questions regarding your bills with your spouse, rather than leaving the decision up to a judge. While it can be difficult to discuss contentious items like bills and other debts, you need to take the time to work out these tough issues with your spouse. In some states, known as community property states, any assets that are obtained during a marriage are subject to a 50/50 split during the divorce; this can also apply to debts that are in both parties' names.
If you live in an equitable distribution state, the rules regarding property division are different. A judge can decide what is a fair division of property based on certain factors such as the length of the marriage, the ages of both spouses, children involved and the employment history of both parties. If you have questions related to property distribution, get immediate answers now by consulting a family law attorney near you.