Property division includes allocating marital debts
On behalf of Stange Law Firm, PC posted in Property Division on Wednesday, April 10, 2019. Divorce can be a costly endeavor. After all, as we discussed previously on this blog, marital property is subject to the property division process. While disputes can arise as to what, exactly, qualifies as marital property, there is another aspect to property division that shouldn’t be overlooked: debt. Some forms of debt are relatively easy to handle during the marriage dissolution process. The party that takes the marital home, for example, will most likely take on its mortgage payments. The same holds true with