Sentences with phrase «acquired during»

Only assets acquired during the marriage are up for grabs.

And it will tend to care more about immediate needs than about whether assets were acquired during the course of the marriage, or predate it, or are the result of an inheritance.

With a few important exceptions, all the property that was acquired during a marriage is considered marital property.

The points acquired during gamification also show up on the employees» review process.

Notice to Creditors - This is a document that advises each spouse about the rights and responsibilities each of them has regarding the debts that were acquired during the marriage.

Hospital acquired infections are those which were not present at the time of admittance to hospital but were acquired during hospital care.

All property that is legally or beneficially acquired during a marriage or a civil union is subject...

«Property», under Part 1 of the Act, is defined as any real or personal property acquired during marriage; and such property can be divided equally between spouses.

Still, the law creates a presumption that property acquired during the marriage is marital property, so if a spouse wants to overcome that presumption, he or she bears the burden of producing sufficient credible evidence.

Rather, we use the knowledge we have acquired during our many years of schooling and practice to advise you on the best way to protect your family, and preserve and distribute your assets in the manner you choose.

The skills acquired during articling can be developed at law school through the implementation of mandatory practical and experiential learning programs.

In general terms matrimonial property includes all assets belonging to the parties individually or jointly which was acquired during the period of marriage and held as at the date of separation, less any debts similarly held by the parties individually or jointly as at that date, subject to a few exceptions.

§ 20-3-630 (A)(3) states that property acquired during a marriage in exchange for non-marital property is non-marital.

For one thing, it's likely more assets will have been acquired during the course of a long - term marriage than during the course of a short - term marriage.

In a marital dissolution action, the husband argued that the wife's shares in a corporation she co-owned with her father were community property because the wife, GMSR's client, acquired them during marriage and a corporate document stated that she had provided half of the consideration

(5) Subject to subsection (3), if the spouses» first common habitual residence during the relationship between the spouses was in a jurisdiction in which a regime of community of property applies, property owned or acquired and debt owing or acquired during the relationship between the spouses that is property or debt to which the regime of community of property applies must be divided at the end of the relationship between the spouses according to that regime of community of property.

California law presumes that all property acquired during the marriage by either spouse — while a resident of the state — is community property.

You understand that absent a prenuptial agreement, in New York, the courts assume that all property acquired during a marriage is marital.

In the absence of such an agreement, the statutory matrimonial property regime applies, meaning joint ownership of all assets acquired during the marriage, regardless of the name under which they are held, but only if they were acquired by means of a joint contribution by both spouses.

Items that are not joint property under the statutory regime comprise premarital assets, inheritances and gifts acquired during the marriage, and chattels acquired by a spouse during the marriage for normal personal use or for the exercise of a profession.

Regardless of how it is titled, marital property is identified as all property acquired during the marriage.

Any property acquired during the marriage is classified as marital property.

All property jointly acquired during the marriage would be divided between the parties in equal shares.Both attorneys were present when the parties executed the agreement and the signing was recorded on videotape.

«The value of any property that you acquired during your marriage and that you still have when you separate, must be divided equally between spouses.

Montana law recognizes that spouses who work as homemakers and spouses who work outside the home both contribute to the property acquired during the marriage.

It is in a very real sense a valuable resource acquired during the marriage...»

The main difference between community property and equitable distribution is that in community property states there is an absolute 50 - 50 split of all property acquired during the «marital enterprise.»

This is different than distribution in «community property» states, which is based on the principle that assets acquired during the marriage should be divided on a 50 - 50 basis.

It can determine important matters such as who owns the cottage you acquired during the marriage, who your child lives with, how much spousal support you will receive or pay and for how long.

In British Columbia, each party is entitled to one - half of the property acquired during the relationship, subject to the right of the Court to redistribute those assets pursuant to the Family Law Act.

Marital property is that which is acquired during marriage, while separate property is what a spouse owns prior to marriage or acquires by gift or inheritance during the marriage.

The court had awarded the wife half of a particular stock that had been acquired during the marriage and did not consider the stock that had been acquired before the marriage.

Certain types of property remain the separate property of only one spouse, including property each spouse owned before marriage or acquired during marriage by gift (not including gifts from the other spouse) or by inheritance, as well as property falling into one of the following categories:

Similarly, even if an employee does not sign a non-competition or confidentiality agreement, in Quebec, the law still obligates them to keep confidential (and not use) information they acquired during their employment.

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.

You will then need to determine what other assets were acquired during the marriage to determine what property is community property.

Couples who separate after years of cohabitation may also want to seek the services of a divorce attorney for counsel on separating property acquired during the relationship.

Separate property generally described as spouses property which is owned by that spouse before marriage or was acquired during marriage by gift or inheritance.

In an «equitable distribution» state, all property acquired during the marriage is «marital property» and all property owned before the marriage is «non-marital» property.

Property is separate if a spouse owned it before marriage or acquired it during marriage by gift or inheritance.

«Equitable distribution» is used in all other states, which means that all property, assets and earnings acquired during the marriage are «equitably distributed» between the spouses.

As the title implies, equitable distribution contemplates the fair division of property acquired during a marriage.

Property acquired during the marriage is assumed to be marital property unless proven otherwise.

In general, martial property consists of assets that were earned or acquired during the marriage.

It typically does not matter whose name is on the property if it was acquired during that time period.

So, the short answer is, yes — you will likely still be entitled to this property if it was acquired during your marriage and prior to your separation.

While the law surrounding Equitable Distribution is complex, in North Carolina, property is typically considered to be marital when it was acquired during the marriage prior to separation.

Factors that may influence a judge's decision include duration of the marriage, the role of one spouse as a stay - at - home parent in support of the other spouse's career, an education one spouse acquired during the marriage, or the role of one spouse as a homemaker and caretaker of young children or a child with disabilities.

Any assets acquired during your marriage are community property unless they were specifically a gift or inheritance to one party.

Generally, if a home was acquired during the marriage then it is «marital property» and subject to equitable distribution by a court.