What Can I Lose In A Divorce?

Ascent Law LLC

There are certain things that will be lost in a divorce. Whether you are married or single, it is important to remember that community property laws apply to your joint assets and debts. This means that any money and assets you acquired during the marriage will be considered part of your community property. However, there are certain things that are considered separate property and will not be included in your community property. These include:

Family traditions and memories can be painful in a divorce

Children, especially, are often impacted by the dissolution of a family. Holidays are especially difficult and often evoke painful memories. It’s important to create new traditions as part of the healing process. But be careful not to relive past events, as this will create a negative emotional cycle. Instead, try to acknowledge the past, while moving forward to create new memories.

Holidays are often hard during a divorce because they focus on family togetherness. If children are involved, the loss of a parent can be particularly difficult. The holidays are also a good time to start new traditions.

Health insurance is a valuable asset after a divorce

Women who have lost health insurance coverage after a divorce often start out with fewer resources than their husbands. In addition, their incomes generally decline more quickly than their husbands’ do. This study examines how much health insurance coverage women lose after a divorce, and identifies two primary mechanisms that lead to lower coverage and poorer health.

The pre-divorce period can also be unstable, with partners often moving out of the house or changing jobs. This often results in insecurity when it comes to health insurance coverage. Fortunately, individuals have the opportunity to remove their estranged spouses from their employer-based health plans during the annual open enrollment period.

If you need an Divorce Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676–5506
https://www.ascentlawfirm.com

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