Divorce and Coronavirus Stimulus Checks

Coronavirus stimulus checks are based on tax returns. So, for this reason, your ex-partner could receive the money. A married couple, for example, could be filing their tax return in 2018, with their refund placed in a joint bank account.

This couple, however, could divorce a year later, and no longer share a bank account. So, the stimulus money’s fate, in this situation, is in question. So, Heather Whiting says, ‘It might land in an ex-spouses bank account which is not good.’. She hopes that ‘just by agreement people will share those stimulus checks’, even those in the process of divorcing.

Whiting continues to explain how ‘…[couples] agree to file jointly for that year and share any tax refund or liability so I’m hoping that is typically how it is handled people will share by agreement’

Source: https://www.newscentermaine.com/article/news/health/coronavirus/who-gets-the-coronavirus-stimulus-check-if-recently-divorced-or-going-through-one/97-7c5de52a-20c8-44ff-8353-928fa1a2aaad?fbclid=IwAR2NPr5xVwmXtxLrpu2s_MTvRiRleP1TMPySQgI6cscaBEnKOel9DlzCXp8

How is property divided in a California divorce?

-spouses are able to divide assets by allocating specific items to each spouse

-and this is done by letting one spouse ‘buy out’ the other spouse’s share of the asset, or by selling assets and dividing the profits

-couples are also able to agree to keep and share property after the divorce

-some couples, despite the ongoing financial relationship, agree to keep property until their children have left school

-some couples, also, decide to maintain investment properties together

-couples also have to assign all debts accumulated during the marriage to one spouse; such as mortgages, car loans, and credit card debts

Source: https://www.divorcenet.com/resources/divorce/marital-property-division/california-divorce-dividing-pr

Furthermore, if you’re considering divorce and need legal assistance, look at the services on offer at www.vincentmillerlaw.com

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