W.G. Hill Books, Underground Knowledge, Offshore Banking and Investing
Page: Divorce and Finances Abroad - Policies in Different Countries

Divorce and Finances
in Different Countries around the World

Comparisons of divorce policies in different parts of the world

Unlike the early-marriage trend from the 1980s and 1990s, today people get married in their mid- or late twenties. This is the main reason why today the divorce rate has a tendency of falling closer to one-third, as opposed to the infamous 50% from the past.

It is still a fact that a marriage that does not function properly should end as soon as the two interested (or opposing) parties realize that they have nothing in common anymore. However, different countries have different rules when it comes to splitting assets earned during the marriage. This is an overview of their divorce policies.

As with anything in life, good planning can save you a lot of pain when marriage goes wrong.

Divorce in the UK

When a couple or one of the partners files a petition for divorce in the UK, the judge is the main figure that pulls the strings behind those proceedings. What you need to deliver to the judge is detailed information regarding your marriage. Those features include the years you spent together, as well as the assets and properties you have earned in the marital community. Furthermore, the judge also has to know where you work and how much you make for a living, as well as some intimate details, such as your roles in the civil partnership.

The first part of the divorce proceedings will take care of the children's needs, which is why it is important to know which of the partners is the primary career and which one is the breadwinner. The end goal of this procedure is to cut all the financial ties between the partners and enable them to start a separate life.

Russian family law

Under the Russian law, when a married couple wants to stop living together, the most important legal matter is their joint marriage property. Namely, there is a clear distinction between the assets each of the partners earned on their own and the goods that have made together during the marriage. The name under which a property or a belonging is registered is irrelevant; it is the funds that matter.

On the other hand, any asset or property acquired during the period of the marital partnership as a present or inheritance is excluded from the joint marriage pool and is usually not split between the partners. Exceptions are made only if the finances needed for the child maintenance cannot be regulated by partners' regular income. It should also be added that divorce is seen very emotionally in Russia and that former spouses rarely get out of it unscathed.

Getting separated Down Under

First of all, in Australia you can reach an agreement on your own and bring it to the court only for verification. However, if you are not that liberal, the court will decide what belongs to whom after the end of the marriage. Since there is no strict formula for this decision, the court will take into consideration all the available information. You have to inform the court on your incomes, debts and properties.

Furthermore, the court will include your financial contributions to the partnership, as well as the non-financial efforts of both parties. Finally, the future of both partners will be taken into account. This includes age, the children, the health condition and the ability to ensure a steady income. Only then will the court be able to bring their verdict.

Money is always an important issues, which especially becomes crystal-clear when divorce takes place.

The American divorce

The subject of divorce in the USA is still more related to local state laws, rather than the federal law. Also, if you get married in one state and divorced in another one, the legal separation will be recognized by the former state, as well as all other states; it is the residence at the moment of divorce that matters. When it comes to the financial settlement, the most practical and least stressful divorce method is mediation; that way both partners will be set free with a minimum level of legal proceedings.

On the other side, if you do get in front of the judge, the rule of thumb is that the property earned before the marriage is treated as an individual asset, while everything acquired during the marriage is shareable. Of course, the alimony is granted to the partner that gets custody.

Americans have also gone the furthest with simplifying divorces and making them easier by taking them online. For example, you can now file for Uncontested Divorce in California online without stepping outside of your home. California is not the only state, however. You can also get all necessary Oregon Divorce Papers online, as well as file for divorce in this state.

Rules of the Muslim world

In Muslim countries, rules might vary, but the common feature is that men can get divorce more easily than women. However, a man that wants to obtain a divorce has to take care of their former wife by providing enough assets for the child maintenance until the child reaches the age of two. Also, a man can use the benefits of the talāq divorce.

On the other hand, a woman who is seeking divorce has to get in front of the judge and provide enough evidence that their husband filed to provide enough assets for a normal living or some proofs of physical abuse. If you want to find out more about the rules of Muslim divorce, this article is a great source of information.

Customs and laws regarding divorce differ throughout the world, but one thing is for sure – if you cannot live together anymore, put that last grain of respect for each other and try to reach a mutual agreement. Such a settlement will save you and your children a lot of stress and suffering.

  Business and Personal Finances Management
About Commercial Lending
Bankruptcy as a Solution
Banks Don't Need Your Money
Basics of Business Branding
Blockchain Impact on Business
Business Cloud Software
Business Financing Sources
Divorce and Finances Abroad
Fund Your Small Business
Hire Business Plan Consultant
Learn About Finance Online
Manage Business While Travelling
Solve Cash Flow Problems

   Bye Bye Big Brother Black Book
   Bye Bye Big Brother CD ROM
   Bye Bye Big Brother Package
   Citizenship Residency Requirements
   Confidential Communication for PTs
   Paper PT An Important Concept
   What Is PT All About
   The American Expatriation Guide
   Become an Honorary Diplomat
   Brazil and Paraguay Confidential
   Campione Confidential
   ESCAPE by Grandpa
   Instant Legal Residence Abroad
   The Invisible Investor
   Latvia Confidential
   The Monaco Report
   Panama Confidential
   Perpetual Traveler
   PT4 Grandpas Special Collection
   Portable Trades and Occupations
   The Second Passport Report
   Think Like a Tycoon
   WG Hill PT Collection
Bye Bye Big Brother
BBBB Free Chapter
   Basics of Investing Your Money
   Collectibles Worth Investing In
   Cryptocurrency Business Ideas
   Guide to Investing in Debt Funds
   Investing in Penny Stocks
   Investment in UK After Brexit
   Investment Options for Beginners
   Investment Trends to Watch
   Investor Protection for Expats
   Low Risk High Return Investments
   Non-Dom Reforms for British Expats
   Overseas Family Led Investments
   Price of Crude Oil and Stock Market
   Protecting Investments in Bankruptcy
   All About Commercial Lending
   Bankruptcy As A Solution
   Banks Don't Need Your Money
   Basics of Business Branding
   Blockchain Impact on Business
   Business Cloud Software
   Business Financing Sources
   Divorce and Finances Abroad
   Fund Your Small Business
   Hire Business Plan Consultant
   Learn About Finance Online
   Manage Business While Travelling
   Solve Cash Flow Problems
   Forex Trading Courses
   Automated Trading System
   Use Basic Tools for Trading
   Best Forex Books for Beginners
   Binary Options Straddle Trades
   Binary Options Strategies
   Blade Runner Trading Strategy
   The Camarilla Equation Formula
   Day Trading vs Swing Trading
   Elders Force Index Strategy
   Top Forex Trading Platforms
   The Gartley Pattern Chart
   Finding Good Forex Broker
   Forex Fundamental News
   Forex Market in Currencies
   Forex Markets Trading
   Forex Trading Account
   Forex Trading Beginner Tips
   Forex Trading Explained
   Forex Trading Worldwide
   International Currency Trading
   Most Profitable Forex Indicator
   Picking Right Forex Software
   Retracement Levels in Flats
   The 38.2 Retracement Level
   Stochastic Oscillator in Forex
   STP ECN Trading Model
   Support and Resistance Forex
   Safe Haven Currencies
   Successful Trader Traits
   5 Benefits of Antigua Passport
   Costa Rica Offshore Corporation
   Dubai Offshore Banking
   Offshore Outsourcing Tips
   Stress Factors of Expatriates
   The 10 New Bali Project
   Hottest Real Estate Markets
   Real Estate Investment Online
   Return on Property Investment
   Smart Real Estate Investments
   Technology and Real Estate
   Ways to Invest in Real Estate
   Business of Investing in Wines
   Fine Wine as Loan Collateral
   Investing in Wine in Australia
   Start Wine Trading Business
   BBBB Abridged Book
   The Gold Report
   Offshore Banking Guide
   Offshore Road to Riches
   PT2 The Practice
   VIP Divorce Kit
   The Invisible World
   Invisible Banking
   High Yield Investments
   High Yield Investments 2
   Future Wealth
   Financial Crisis
   The Offshore Investment Guide
   Underground Knowledge 1
   Underground Knowledge 2
   Underground Knowledge 3
   Underground Knowledge 4
   Scams and Fraud
   Alan Greenspan's Housing Bubble
   America's Oversized Deficits
   April Job Losses the Lowest
   Bank of America Bonus Payments
   Bank Stress Test Results
   Banks Stress Tests Flawed
   Bank Stress Tests Questions
   Banks Financial Trickery
   Canadian Oil Companies
   Card Issuers Meet Obama
   China Detroit's Lifeline
   China Taiwan Investment Accords
   China's Yuan Carry Trade
   Ciena Corp Recommendation
   Credit Default Swaps
   Elliott Wave Disciple
   General Motors Savior
   How to Buy Banks
   India's Slow Growth
   Japan's Lost Decade
   Long-Short Investing Strategies
   Money Morning Bank Stress Test
   Oil Prices Could Jump
   Russia and China Energy Deals
   Russian Economic Model
   Small Caps Proven Profitability
   Solar Energy Comeback
   Sustained Economic Recovery
   World's Reserve Currency
   Online Transactions Survey Findings
   Millionaire Mindset Charateristics
   Real Estate Investing in Panama
   Strategies for Achieving Success
   New Orleans 2015
   Casey Summit 2015
   Antigua Conference
   Recipes for Success
   Cancun Seminar
   Panama Seminar