credit_cards by fanzhongqing


									Family Law Reminders: Credit Cards

In the event of a divorce, many couples only think
about what assets they want to keep. Unfortunately for
most families, credit card debts are among the most
expensive liabilities that need to be divided. Here are
two things every couple should keep in mind.

First, credit card companies may rightfully collect debts
from either spouse, regardless of divorce agreements.
Although couples often agree to split their debts in a
marital settlement agreement, this does not discharge
a spouse's financial responsibilities. This usually results in a credit card company pursuing the
more financially stable spouse until all debts are paid. With this in mind couples should do their
best to agree upon a divorce settlement that both spouses are likely to honor.

Second, spouses should make absolutely certain that no additional debt will be incurred by the
other spouse after the divorce. Any shared credit cards used by either spouse will hold the other
spouse responsible for expenditures even if made after the divorce, so long as the charges were
made on a jointly shared credit card. To prevent this, we strongly suggest completely closing any
shared accounts. At the very least, one must remove themselves from any accounts a spouse
wants to keep and maintain records of this removal.

Family Law: Virtual Visitation
With new video conferencing services such as Skype and
Google Video Chat, Courts have become more willing to grant
spouses the right to travel out of state with children in their
custody. Because video technology allows for more
meaningful contact with children than a telephone call would,
there are less reasons for a Court to force one spouse to live
in close proximity to their former spouse.

Parents should consider these alternatives when dealing with custody issues. Spouses who live
far from their children should also consider requesting such virtual visitations in order to be in better
contact with their children.

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