Sentences with phrase «address debt division»
In addition to asset division, it can also address debt division and alimony.
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Separation agreements can address a number of issues, including division of property, allotment of marital debt, and payment or waiver of spousal support.
Some of the main topics that need to be addressed are child custody, referred to now as legal decision - making, parenting time, child support, alimony (i.e., spousal maintenance), a division of marital assets and debts, and the payment of attorney fees, expert witness fees, and court costs.
The contract should contain provisions that address property and debt division, spousal support, and a parenting plan.
Additionally, the division of assets and debts will be addressed in the dissolution of the marriage.
The settlement agreement must address all relevant issues, which can include division of assets and debt, issues relating to children, who will maintain the marital residence and so forth.
Under s. 95 a court can order reapportionment to address any «significant unfairness» that may arise from an equal division of property and debt in light of the spouse's post-separation contribution.
-- Enabling parenting coordination by agreement or court order; — Amending the Commercial Arbitration Act to address family arbitrations; — integrating reproductive technologies into determining a child's legal parents; — Replacing the terms «custody» and «access» with «guardianship» and «parenting time»; — Defining «guardianship» through a list of «parental responsibilities» that can be allocated to allow for more customized parenting arrangements; — Extending the legislative property division regime to common - law spouses who have lived together for two years in a marriage - like relationship or who are in marriage - like relationship of some permanence and have children together; — Excluding certain types of property (e.g. pre-relationship property, gifts, and inheritances) from the pool of family property to be divided 50 - 50; and — Providing that debts are subject to equal division.
The most common issues addressed are custody and parenting time for your children, support for the children and / or spouse, equitable distribution of the marital assets, and division of marital debt.
The issues addressed in the PSA include alimony and child support, custody, parenting time, debts, and distribution of property subject to division.
Not only can they discuss the division of assets or debts and the provision of alimony / spousal maintenance, once a Postnuptial Agreement is executed it may be submitted to a Court to address immediate issues of child support and a parenting plan as part of an action unconnected to a divorce.
In a typical comprehensive divorce mediation, all of the statutory requirements are addressed: identification and division of property and debts, parenting plans, and child and / or spousal support.
Of course, you and your spouse may specifically negotiate the legal date of separation in your agreement as you address the division of all of your marital assets and debts.
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.
Child custody, division of property and debts, and child and spousal support all need to be addressed.
Other divorce financials that must be addressed in mediation include alimony requests and the division of marital property and debts.
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