When a marriage ends, there are many financial issues that have to be addressed. New Hampshire has rules, guidelines, and policies addressing divorce issues. The types of financial issues that are most common in divorce vary from one situation to another. Some of the most frequently occurring issues include:
- Spousal support/Alimony: This involves payments made by one spouse to another as a result of an income or earning disparity between the spouses. This support may be temporary if time is needed to get back into the job market, or it may be long term support.
- Division of property: Generally, equitable distribution rules are used in New Hampshire, which means that all assets that belong to one or both of the parties (including their partial ownership) are divided in a way seen as fair, but this division is not always equal.
- Pensions, stocks, 401k and retirement: These accounts are often allocated between the parties. Something called a Qualified Domestic Relations Order may be needed to complete the allocation.
- Business: When a spouse owns a business, the other may receive compensation equal to a portion of the businesses' value.
- Real Estate: It must be valued and can be sold, or made into an agreement to allow one spouse to purchase the other's interest in a lump sum, or payment over time.
Many other examples of property and asset division exist. The New Hampshire spousal support lawyers at Burns, Bryant, Cox, Rockefeller & Durkin, P.A. have experience handling all of these legal matters and many more. Anything that comes up is something we can work with you on during the course of your divorce proceedings. We know these matters are never easy, but we'll work with you to make the outcome as smooth as possible.
We serve New Hampshire
To learn more about the legal services we can offer in the event of a divorce, contact us today at 603-742-2332 or feel free to use our online contact form to reach us. We represent clients facing all types of family law matters in New Hampshire.