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Category: Assets and Debts

Category: Assets and Debts

Using a Quitclaim Deed to Transfer Real Estate in a Divorce

One of the easiest and most common ways to transfer property rights to another party in Nebraska is through the use of a quitclaim deed. This type of deed conveys the interest you have in a property without providing any warranties or guarantees about the interest you are conveying. If you acquired your home during your marriage, you probably own it together as a joint tenancy with rights of survivorship.  This means that the property passes automatically to a surviving spouse.  When you divorce, the property settlement you negotiate with your spouse will typically include one of these two options
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How to Protect Your Premarital Assets from a Divorce

Protecting premarital assets from a divorce means understanding the difference between marital property and non-marital property — and taking the necessary steps to shield your non-marital property before divorce may even be a consideration. First, you need to know what constitutes non-marital property, which is: Property you brought into the marriage that was kept separate from marital assets Any gifts you received from a third party An inheritance you received that was kept separate from marital assets Any property designated as separate in a separation or settlement agreement in a divorce In 2017, the Nebraska Supreme Court issued a ruling
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How to Keep Your Credit Intact Following a Divorce

It is not the fact of a divorce itself that can hurt your credit; marital status is not included in a credit report nor is it used to factor your credit score.  It’s when a divorce causes financial problems like late or missed payments that your credit can be damaged.  Keeping your debt down and your payments current are the two vital keys to keeping your credit score from being seriously dinged after divorce.  Here are some tips on how to keep your credit in good standing: Match your lifestyle to your income.  Adjusting to life on one income instead
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