VIEWS: 3 PAGES: 1 POSTED ON: 5/16/2012
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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