Sentences with phrase «only marital assets»

Only marital assets and debts are subject to division on divorce.

A Florida court can divide only marital assets and liabilities.

Not exact matches

As near as I can tell the only difference is that, rather than simply awarding Husband an additional $ 31,751.95 in equitable distribution, it remanded the matter back «to the family court to determine how the distribution of marital assets shall be modified to reflect this adjustment.»

And, non-lawyers (even sophisticated, affluent business people) routinely fail to grasp that a Will only governs assets which don't have beneficiary designations and is subject to forced marital share and minimum family inheritance laws that act by operation of law as well as other «gap filling» presumptions that modify the literal meaning of certain kinds of language in a Will.

We therefore uphold the family court's finding that the business was transmuted into marital property and further hold it is unnecessary to consider whether Wife should have received only a special equity in this asset.

The only way adultery might have much of impact on how assets are distributed would be if one person used certain marital assets to support the extra-marital relationship.

Marital property in Florida is considered to be all assets and debts either spouse acquires during the marriage, unless there is a valid written agreement stating otherwise, regardless of whether the property or debt is only in one spouse's name.

Only where a party intends that inherited property be used as a marital asset, or where the inherited property is sufficiently commingled with marital property, will that inheritance be subject to division in a divorce.

You would think by now that people would know NJ divorce mediation is the only way that one should even consider getting a divorce but alas, only a small percentage of couples are smart enough to use a mediation service as a means to peacefully and efficiently resolve their differences and come to a fair and equitable distribution of their marital assets and liabilities.

In Alabama, marital and separate property means not only the obvious assets the couple owns such as «houses, automobiles, jewelry, clothes, bank accounts, and property,» but also includes «pensions and retirement accounts, investments, cash value of life insurance policies, family owned businesses, tax refunds, tax credits, [and] trademarks.»

These orders usually only prevent either spouse from selling or giving away marital assets, but they can address visitation as well.

If you choose to pay it off through marital proceeds, only half the debt is your responsibility, but half of the asset's book value gets credited to you as well.

Separate property includes an inheritance to one spouse during the marriage; property acquired by a partner before the marriage; passive income and appreciation acquired from separate property during the marriage; property acquired by one spouse after a decree of legal separation; property excluded from the couple's marital property by a premarital agreement; a spouse's personal injury compensation, except for loss of earnings during the marriage and compensation for expenses paid from marital assets; and any gift given to only one spouse.

If you and your spouse reached a marital settlement agreement without going to trial, you can only change its property terms if you can prove to the court that your ex committed some type of fraud during the negotiations, such as by misrepresenting debts or assets.

For example, if you bought your car during the marriage but it's only listed in your name, it is still considered a marital asset.

An asset may only be determined to be marital by agreement of the parties or determination of the judge.

Providing an accurate accounting of marital assets does not mean that you will lose personal assets... only that they will be considered along with everything else that may be valued as part of a property division.

The business may not only be a source of assets for the marital estate, but also may be a source of income for one or both spouses.

It also drains the marital assets, with only a portion eventually going to the divorcing couple.»