This could ensure that a person's spouse would be unable to remove or transfer
funds during the divorce process.
Not exact matches
You will also need to provide documentations of your assets to your
divorce attorney
during the
process: income, real estate, savings and checking accounts, life insurance, debts, pension
funds, and automobiles.
Divorcing parties under the old law could use a HELOC or refinance to help in restructuring their finances, for example, by paying off high interest credit card debt, legal fees for the
divorce, or to
fund transitional expenses for a spouse
during the
divorce process.
The above
process often depletes the
funds the parties had planned to use for their children's educations or their own retirements, which are now being spent on attorneys and other professionals
during this
divorce process.