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Tag: Property and Finances

Property and Finances

Health Insurance and Divorce in Nebraska – Your Options

How you will maintain health insurance coverage during and after your divorce is an important issue to be considered.  Your options may be complex and expensive, and the impact of having a lapse in coverage can range from unfortunate to disastrous. Divorce is considered a Qualifying Life Event, which makes you eligible for a Special Enrollment Period, allowing you to enroll in health insurance coverage outside of the yearly Open Enrollment Period, which generally takes place in November or December of each year.  Below are 5 options to consider for obtaining post-divorce health insurance coverage. Remain on Ex-Spouse’s Health Insurance
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3 Ways to Value your Home in a Divorce in Nebraska

In a divorce, it’s likely your martial home is one of the most valuable assets you and your spouse own.  Regardless of which spouse keeps the home, the equity in the home will need to be divided.  Equity is the difference between the value of the home and the amount owed in mortgages (or other liens, such as a home equity line of credit) against the property.  To determine how much equity is in your home, you’ll need to determine the value of your home.  This can be determined a number of ways in a divorce in Nebraska. You and
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Valuation Date for Division of Marital Estate

A major component of a divorce in Nebraska is the division of the marital estate.  The marital estate is comprised of the assets and debts acquired during the course of the marriage (except for property deemed non-marital). But how do you know which date to use to value the marital estate? What if the parties file for divorce in January, but continue living together and maintain their finances together until their divorce is final in October? What if the parties are still married, but have been living separately (physically and financially) for the last eight months? What if the court
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What Happens to the Family Home in a Divorce

One of the biggest decisions to be made during the divorce process is what will happen to the family home?  This decision is more than just a legal one.  It impacts both emotions and finances. Although there are many factors to consider, generally there two options for the home – either one spouse will keep it or it will be sold. Option A.  One Spouse keeps the home. How do you decide who keeps the home? Deciding who will remain in the family home is a big decision.   If spouses can’t agree who will remain in the home after the
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The Marital Estate – What is Included and How is it Divided?

The marital estate includes all property, assets, debts, and liabilities acquired by the parties during the course of the marriage. The marital estate does not include property acquired through a gift or inheritance.  Similarly, the marital estate does not include property acquired by one spouse before the marriage.  If the premarital property can be easily identified at the time of the divorce, it will not ordinarily be included as a part of the marital estate to be divided. For marital property, it does not matter how the property or debts are titled.  For example, if one spouse has a retirement
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Divorce and Financial Aid for College: 5 Factors for Parents to Consider

During the divorce process, spouses are required to make many decisions, especially considering their children and the future of the family’s finances.  One of the benefits of hiring an experienced divorce attorney is to assist you in the decision-making process.  An experienced lawyer can help you avoid potential unintended consequences of the decisions that you make during your divorce.  One consideration that often gets overlooked is how the divorce may impact the ability for children of divorced parents to qualify for college financial aid.  Although the college financial aid process can be complicated, a well-thought-out strategy addressed during the parents’
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