When a couple decides to get divorced in Indiana, they are often unaware of the many legal issues that will need to be addressed. There are many complex legal matters that must be resolved in order for the divorce to be finalized.
Property division
One of the most common issues in a divorce is how to divide property and assets between two spouses. This includes any real estate, bank accounts, vehicles, business interests and other valuable assets which may have been accumulated during the marriage. Depending on where you live, different laws may apply regarding the division of marital property.
Alimony/spousal support
Alimony or spousal support is a payment made by one spouse to the other in order to make up for any financial disparity created as a result of the divorce. This can be a contentious issue as both parties may disagree on who should receive alimony and how much should be paid.
Child custody
In the event of a divorce, child custody is often the most difficult and contested legal matter. This involves determining who will have physical and legal custody of any children resulting from the marriage. Child support may also need to be determined if either spouse has full or joint custody of their children.
Division of debt
Another important issue that must be addressed in a divorce is the division of debt. This includes any bank loans, credit card balances and other debts that were incurred during the marriage. Both spouses are responsible for repaying any joint debts and it is important to determine who will take responsibility for these debts after the divorce.
Divorce can be an extremely difficult process and it is important for couples to be aware of all the legal issues that may arise. By understanding them, couples can prepare themselves financially and legally before entering into a divorce agreement.