Understanding Debt Management After Divorce and Remarriage

Reported 2 days ago

Divorce and remarriage raise important questions about how debt is handled between past and present partners. Generally, debt acquired during marriage is considered marital debt and can be divided based on state laws, while debts from before the marriage typically remain with the individual. Effective financial planning, transparency about finances, and possibly using prenuptial agreements can help manage these complexities and aid in forming a solid financial foundation in a new relationship.

Source: YAHOO

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