Asset division may be among the most complex parts of a divorce. This is especially true when it comes to inheritances and family heirlooms. Understanding the treatment of these items during divorce proceedings could help you better prepare for the process. What...
Divorce often involves the complex process of dividing assets between spouses, which can be particularly difficult when it involves vacation properties. In Hawaii, the approach to property division during divorce is one of equitable distribution. This principle aims...
The fate of the family home often becomes a central concern in divorce. Traditionally, couples choose between selling or having one partner buy out the other. Many couples choose to keep their shared home after divorce for financial reasons or to provide stability for...
In Hawaii, courts consider certain assets as separate, which are typically exempt from divorce property division. These separate assets may include property a spouse acquired and owned before the marriage and inheritances and gifts they received individually, before...
The longer a marriage lasts, the more property people acquire together. They often use some of their income to prepare for the future. Many couples in Hawaii make contributions to 401(k)s or similar tax-sheltered retirement accounts for decades. Funding an account...
Every couple enters marriage hoping it will last forever. As you build your family throughout the years, you have likely acquired assets that you considered communally owned—your house, car and savings, to name a few. But when you are now facing each other in a...
Keeping the family home after the divorce can be a significant undertaking, depending on the family's circumstances during the marriage. A party can prefer this setup for sentimental and financial reasons. However, the process associated with this task can be...
In marriages, spouses usually share the responsibility of debts as part of their commitment towards each other and the union, regardless of the debt or who acquired it. However, the same may no longer be applicable in a divorce. Understanding how courts divide during...
In Hawaii, divorce courts divide marital properties between spouses fairly and equitably. Generally, this means assets spouses own before the marriage or acquire as a gift or inheritance are the original owner’s since they are non-marital properties. This also applies...
A marital standard of living refers to the lifestyle of the spouses or the family during the marriage, and it is no surprise that a divorce can substantially alter the established standard. A divorce should not leave either spouse at a financial disadvantage. The...
