An Oklahoma divorce has significant financial implications, particularly when it comes to retirement savings. Understanding these implications helps people navigating divorce minimize the impact their splits have on their finances. It also helps individuals take...
Divorce
Tips on managing your finances during divorce
Divorce is often challenging, especially when it comes to financial issues. That is why you must keep a clear head when making financial decisions, before, during and after the divorce process. To keep your finances on the right track, there are a few tips to follow...
What happens to debts during a divorce?
Divorce is a complicated process in which two individuals must untangle their personal lives from one another. Longer marriages lend to a more complex process, especially if one or both spouses have significant debts to consider. While most divorcing couples...
Should you seek spousal support?
Oklahoma allows for the award of spousal support during and after a divorce proceeding when one spouse faces an economic disparity compared to the other. Spousal support is not guaranteed, nor is it automatic. Certain circumstances warrant the award of support,...
Identifying potential signs of asset hiding in a marriage
In any marriage or partnership, financial transparency is essential for maintaining trust and security. Unfortunately, some individuals may engage in deceptive practices to hide assets during divorce or separation proceedings. Recognizing the signs of asset...
What happens to retirement accounts in a divorce
Divorce has financial, emotional and mental impacts on the separating couple and their families. The financial consequences can be significant for those who are more established. Therefore, you should understand what can happen to your retirement during a divorce....
Can you protect your inheritance from a spouse?
Inheritance gifts are generally thought to be a personal asset, but when you share a life with a spouse, this asset could come under threat during a divorce. Divorce laws in Oklahoma require equitable settlement agreements, which could leave any assets obtained during...
4 financial steps to take before your divorce
The financial implications of divorce are significant, especially if you are ill-prepared. Protecting your interests starts before you file or as soon as you suspect that your spouse is considering it. A few proactive steps ensure that you get a fair settlement in the...
3 FAQs about asset distribution during a divorce
Regardless of the length of a marriage, you and your spouse have accumulated joint assets, debts and potential property. If the marriage comes to an end, which the Oklahoma State Department of Health tallied 14,941 divorce decrees for the state in 2021, you likely...
Commonly misunderstood facts about divorce
A lot of the facts surrounding divorce have been misunderstood. Unfortunately, these myths and misunderstandings can cause the process to be much harder for couples. Knowing what is often mistaken before taking any steps in a divorce is best. Here are the facts...