Throughout a marriage, most couples will have disagreements about money from time to time. You might think extra money should be spent on a family vacation, but your spouse might insist it should be saved for your retirement. You might think it is time to finally buy a new car, but your spouse thinks driving the ten-year-old van for two more years is a better idea.
If you and your spouse had different philosophies about saving and spending during your marriage, chances are good that you will also have some differing opinions when dividing your debts in divorce. What you both can count on is that Kansas law provides that, to reach a fair and equitable outcome, the payment or division of debts must also be taken into consideration when dividing the assets from your marriage.
There are steps you can take to ensure the best outcome possible when it comes to dividing your marital debt. These include providing accurate and complete debt information to your lawyer and asking your lawyer to include provisions in your divorce decree to protect you in the future if your spouse refuses to pay their share.
Regardless of how the debts from your marriage are divided, know that you will gradually build your independent financial success when making a fresh start after your divorce is final.