Sentences with phrase «about marital assets»

Being open, honest, and cooperative about the marital assets and liabilities makes this part of the divorce go more smoothly.

What type of specific information about marital assets should I obtain before I file for divorce?

Not exact matches

Most of the information will relate to your family's finances — what you and your spouse own and owe (your marital assets and debts), your individual incomes, your projected monthly post-divorce budgets, etc. — but the lawyers will talk to potential witnesses and may also gather information about your individual parenting skills, health status, lifestyles, and so on.

If you have questions about pension division, 401 (k) division or any other aspect of marital asset division, talk with our seasoned divorce attorneys at Magner, Hueneke & Borda, LLP.

It is usually much less important than the fight over the marital assets as a whole, so thinking strategically about what challenges to make or not make is important.

Couples can also make decisions about how their joint or marital property, assets, and income will be treated during the marriage and in the event of a divorce; they can also set limits on alimony (spousal support).

Absent a marital agreement, the decisions about couple's assets will be dictated by state laws and precedent cases that don't necessarily serve the couple's best interests.

If you have no children and few marital assets, or you've pounded out an agreement with your spouse about how to divide things up, it's time to jump into the court process.

To speak to an experienced family law attorney about divorce and / or the division of your marital assets and debts, email us at [email protected], call [phone], or fill out a case evaluation form.

Are you concerned about sharing marital assets with a cheating spouse?

The mandatory financial disclosure requires both spouses to produce information about: individual and marital assets and individual and marital debts; income, such as income from wages, self - employment, and passive investments, and expenses.

The key to uncontested divorce is that both spouses must be in agreement about the terms and conditions of the divorce, including child custody and visitation; child support, health and dental insurance, and medical expenses for the children; tax deductions and exemptions; division of the marital assets and debts; alimony; any other dispute involving the marriage; and lastly, the grounds for the divorce.

A divorce is uncontested if both spouses agree to the divorce and are in complete agreement about dividing the marital property (which includes assets and debts), the custody and support for any children, and whether one spouse pays alimony to the other.

Courts now view the marriage as an economic unit, and in general courts are more concerned about economic misconduct — such as the dissipation of marital assets — than they are about marital misconduct — such as infidelity.

However, if you and your spouse disagree about important aspects of your divorce like child support or the division of the marital assets, it may take longer than 60 days to resolve these issues.

Adults and children face a host of unfamiliar situations, including: • Ineffective negotiations on child custody, marital assets, etc.; • Transitions to separate households and juggling the work - life balance; • Increased stress and the consequential emotional / physical issues; • Uncertainty about investments and wealth after the split.

Even though it's called a Property Settlement Agreement, this agreement covers much more than the division of property or equitable distribution of property — it's also about child custody, parenting time, division of assets (including personal property, real estate such as the marital home, retirement assets and pensions, and businesses), alimony, and any other additional issues that must be determined in furtherance of divorce or dissolution of marriage.

Similarly, while Tennessee's property division statute requires that marital property be divided «fairly and equitably,» Collaborative Divorce allows the parties also to run particular settlement ideas through the filter of a neutral financial expert, who may have ideas about how to divide the estate in a way that is legally fair and equitable, but that also minimizes tax liability or maximizes growth on retirement assets, for example.

Partners may come to a mutual agreement about what's fair or may rely on the court's help in splitting the marital assets fairly.

Since Washington is a community property state with specific rules about the division of assets acquired by either partner during a marriage, dividing up your marital property (including debts) will also be required as a part of that process, just like in a divorce.