Upon divorce, your investment accounts, whether it be a common stock portfolio, retirement account, or pension, is a property that is subject to division upon divorce. That leads many to ask the question of whether they will have to sell the investment account in order to divide it upon divorce? This blog provides a brief overview of how investment accounts are handled upon divorce and provide an answer to the question of whether you are required to sell such investments.
In Indiana, all marital property is subject to division in a dissolution of marriage. “Marital property” is property that is owned ... Read More
Tag: property divison
16
Jan2020
27
Sep2018
Under the Divorce Act, the Legislature has expressly encouraged divorcing parties to reach agreements to divide their property. Most of the time, a divorce court will accept most any property (real property, like land and the marital home, and personal property, like furniture and pots and pans) agreement. In fact, the parties are free to enter a property division that the court could not order or would abuse its discretion in doing so.1 However, there are three critical mistakes that some parties make in settling their property that may be impossible or expensive to fix in the future; these are ... Read More
09
Mar2016
In Indiana, there is a 60 day cooling off period for divorce. This sometimes creates the assumption of litigants who want a divorce that it will be completed in that time frame. In almost all cases, that will not occur. This blog explores the four major components that have to occur before obtaining a divorce so you better understand the process.
Many times, the parties think about a divorce but do not file or reconcile or go into counseling after filing a divorce. This is the first component--one party being firmly vested in obtaining a divorce. Filing does start the time ... Read More