Sentences with phrase «accumulated during the marriage»

Another proposal is to require the divorcing spouses and their children to share the wealth that has been accumulated during the marriage in accordance with predetermined guidelines, primarily in order to give the children more financial security.

A well - known divorce lawyer once said: «Prenuptial agreements serve only to deny a woman the rights she has under the law, to property accumulated during her marriage.

In addition, we take into account the parties» comparative net gains from the sale of the home in our disposition of other property accumulated during the marriage.

By law his ex-wife was entitled to half the teacher's pension that accumulated during their marriage.

When a couple makes the decisions to separate it is likely there is credit card debt that has accumulated during the marriage.

The general rule is that assets that are accumulated during marriage are considered marital assets regardless of the titling.

Essentially, any assets that are accumulated during marriage in a community - property state are owned jointly and if there is an annulment or divorce then assets are split equally no matter who earned them.

The equalization payment is intended to ensure that married spouses share equally the wealth they accumulate during the marriage.

After awarding non-marital assets and liabilities, the court then decides how to distribute marital property accumulated during the marriage.

Each side wants to receive his or her «fair share» of marital assets, 401 (k) retirement plans, stocks and property holdings accumulated during the marriage.

In addition, it is important to determine how the property accumulated during the marriage will be divided.

Arizona is a community property state, which means assets accumulated during the marriage are generally presumed to be the equal property of both spouses.

Because this agreement addresses all property accumulated during the marriage, separation agreements can be complex documents.

The portion of the retirement funds that accumulated during the marriage will be considered marital property.

Assets accumulated during the marriage are divided fairly but not necessarily equally.

You and your spouse may want to divide all accounts equally, assuming that the funds accumulated during your marriage.

One of the most complex decisions a divorcing couple faces is how to divide retirement savings accumulated during marriage.

Even though you and your spouse may be friendly and everything is amicable, if you have any assets that accumulated during your marriage, even if you have kept most or all of your finances separately titled, you may still need to have a Separation and Property Settlement Agreement (Marital Settlement Agreement) to be sure you are protected in the future.

California is a community property state, which means that anything accumulated during the marriage, whether income, debt, a house, or a kitchen appliance, is presumed to belong to both parties.

It is also important to know whether the asset or debt was brought to the marriage or whether it accumulated during the marriage.

And, the legendary costs of divorce trials, even so - called «temporary orders» hearings, can quickly deplete any assets you have accumulated during your marriage.

The issues that are typically addressed in mediation are issues related to children: legal custody and residential custody, visitation, child support, allocation of college expenses for the children, health insurance, life insurance; alimony and spousal support; division of real property, including the family home; division of tangible personal property including motor vehicles, boats, furniture, furnishings, art work, etc.; disposition of other property accumulated during the marriage, including bank accounts, investment accounts, pension / profit - sharing / retirement accounts, etc.; payment of credit cards and other debts, and tax matters including decisions relative to filing joint or separate tax returns and claiming the children as dependency deductions.

Only marital property is divided between the spouses and typically includes, all income during the marriage and everything acquired with that income, plus all debts accumulated during the marriage.

The liabilities and debts you and your spouse accumulated during the marriage should all be assigned, paid, or handled in some manner as part of your divorce settlement.

Equitable division laws give the court the power to order whatever the court feels is fair given your individual circumstances, and community property laws require the court to divide the assets and debts accumulated during the marriage 50/50, with some exceptions.

When you're going through a divorce, you must divide most, if not all, of the assets and debts that you accumulated during the marriage.

Not exact matches

The parties have accumulated certain community, joint and common property and debts during the coverture of the marriage which should be equitably divided.

The reasoning was primarily based on the general principles of the 1985 Act that spouses should share only the wealth accumulated by a spouse over the period of the marriage, and in particular, section 10 (4) which defines matrimonial property as only assets which are acquired during the marriage and before the relevant date.

«The wife argues, in part, that the trial court erred in awarding the husband 70 % of the parties marital assets, which, she says, were accumulated during their 25 - year marriage.

During the course of your marriage, you may have accumulated several debts, including shared debts.

Marital property is property that is «accumulated through the joint efforts of the parties during their marriage.»

If the spouses cohabited before marriage, assets accumulated during that time are not marital property.

If you accumulated the funds during your marriage, they may be divided as part of your divorce.

However, this depends on whether both spouses want the divorce and whether they accumulated any debt during the marriage.

We had accumulated significant net worth through hard work and careful money management during our nearly twenty year marriage.

These therapists invited couples going through divorce to sit with them and, with their professional help, work to come to their own decisions about how to divorce — how to parent from two households, how to cover the expenses of the two households, and how to divide the things that had been accumulated during the years of marriage.