In Rhode Island, people who get divorced will undergo a process of equitable property distribution. This means that the couple's marital assets and liabilities will be divided fairly but not necessarily equally. All of a couple's assets and liabilities acquired during...
Property Division
Tax implications of divorce settlements in Rhode Island
Divorce in Rhode Island can have potential long-term tax consequences if improperly handled. It's important to note, however, that every circumstance is unique, but some legal maneuvers make the process much easier for you and your soon-to-be ex. The divorce...
What Is tenancy by the entirety?
In Rhode Island, one of the ways to define property ownership is called tenancy by the entirety. This is a special legal arrangement for married couples so that they can jointly own property in a way that allows them to maintain control of it if one of them passes...
The unique aspects of gray divorce in Rhode Island
Divorcing when you are over 50 in Rhode Island comes with unique challenges you wouldn't normally expect for younger couples. The emotional and financial toll it takes can be challenging to deal with, but one must find a way to tackle through so that they can come out...
Divorce and your mortgage
A divorce takes a toll on your emotions but also brings about major changes in your finances. The more assets you and your former spouse accumulated together, the more difficult it will be to divide these assets at the end of your marriage. It can be challenging to...
The difference between marital and separate property
Property division has always been a critical issue in Rhode Island divorce cases. Who keeps the family home? What happens to retirement savings? How are debts divided up? To determine who gets what, courts consider whether the property is marital or separate. Marital...
How debts are typically divided in a divorce
Rhode Island is an equitable distribution state, which means that in a divorce, assets are divided by the court based on a number of factors. It also means that debts may be divided pursuant to the same principles. When was the debt acquired? Typically, you aren't...
What factors affect property division in Rhode Island?
When couples in Rhode Island get divorced, they will need to divide their marital property. As an equitable distribution state, Rhode Island courts divide the couple’s marital property and debts in a fair manner. This often means that the division will not be 50-50,...
Understanding how a QDRO could affect you
Deciding how to distribute financial assets in a Rhode Island divorce proceeding can be complicated for some couples. One specific common issue with dividing assets is when one spouse has a significant retirement account. Contributions to the account for the duration...
How are pets treated in a Rhode Island divorce?
Rhode Island pet parents might be conflicted as to what happens to their pets after they get divorced. It's important to learn how the law handles pets during the divorce process. Why do divorced people argue over their pets? Increasingly, couples all around the...