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Diamonds & Pearls of Wisdom
The Divorce Wizards Blog by Lynne Diamond
California Divorce Update |
Friday, March 09, 2007 | Are all the loose ends tied?
Are you divorced? Have you taken care of the necessary details to divide your property, pay off your debt or change your name? Have you bothered to get the QDRO or notarize the interspousal transfer deeds?
If you completed your divorce without attorneys, and sometimes even if you were represented by attorneys, there are loose ends that need to be completed when the Judgment is final. Don't let this happen to you!
Henry gave Lori Money to pay off their debts ---
Henry and Lori completed a simple summary dissolution divorce. On the paperwork, they indicated there were no assets and no debts. They both signed a form stating that. Turns out, there were debts and Henry gave Lori the money to pay them off and remove his name.
Today, Henry and his new wife, Linda want to buy a home. Guess what - Lori did not pay off the bills and Henry is still on the hook for these debts. What makes it worse, is that Henry has no recourse because he indicated in his divorce that there were no debts!
Doug and Monica - remember them ---
Doug was awarded a business/property out of the State of California. Monica should have signed an interspousal transfer deed on this years ago. Now, Doug is selling the property and Monica doesn't want to sign the deed. So Doug's escrow will be interrupted and the entire sale may be jeopardized.
If you need a deed or a qdro; don't know how to complete a name change - let us know - we can help.
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Lynne Diamond |
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