Sentences with phrase «as marital assets»

In South Dakota the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Nebraska the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Rhode Island the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Kentucky, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Illinois, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In New Mexico the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Hawaii, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Wyoming the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Maine, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Florida, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Wisconsin the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Montana, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Massachusetts the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Arkansas, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In New York, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In West Virginia the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Alabama, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In North Dakota the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

In Georgia, the court may include the retirement benefits and plans earned by both spouses as marital assets available for division.

Federal law authorizes each individual state to treat military pensions as marital assets and it further authorizes each state to divide military pensions in accordance with each state's laws regarding the division of marital assets, so long as the rules and limitations imposed by federal law are complied with.

Okay, I made that definition up, but you must admit that things are getting a bit out - of - hand in divorce proceedings when the husband demands that the $ 5,500 spent on his wife's breast implants be counted as marital assets, entitling him to additional property in the breakup (and then takes this claim to the state's Supreme Court when the lower court mocks him).

In preparing a prenuptial agreement, it may be helpful to discuss issues that could later cause separate assets to be viewed as marital assets subject to property division.

Just as marital assets should be equitably divided, so too should marital debts.

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.

For example, if you purchase a new car after you are separated from your spouse, then according to the definition of marital property, this car would not qualify as a marital asset.

A January 2016 NYS law eliminated enhanced earning capacity as a marital asset.

Not exact matches

And there are often nuances to marital assets as well, like their future value or opportunity cost.

Unless you are already business partners with your spouse or spouse - to - be, it is important to understand how your business assets — and potentially your business partners — could be affected by a marital split, as Murdoch surely knows.

He lost ALL his assets which were given to his wife in a rotten divorce settlement, and although she still lives in his mansion, Eboue is living in a smaller house in Enfield, where they lived before moving to the marital home, but he is being forced to hand that over as well, which will make him homeless.

One of the most frequently asked questions during a divorce consultation and through the divorce process pertains to the division of marital assets, also known as equitable distribution.

→ an insurance settlement is not part of the marital assets (unless used for the benefit of the family during the marriage, such as a downpayment on a home)

→ insurance proceeds are not part of the marital assets (unless used for the benefit of the family during the marriage, such as a downpayment on a home)

Property acquired by the spouses during their marriage (e.g., family home, retirement plan assets) generally qualifies as marital property.

We understand the games that are played in family court in the valuing of marital assets: the spouse expecting to receive an asset wants the asset valued as low as possible while the spouse not receiving the asset wants the asset valued as high as possible.

For instance, a pension in pay status can not be counted as income for alimony purposes if it was also a marital asset that has been divided in equitable distribution.

Less assets and lower income leads to lower spousal support and child support payments, as well as an inequitable split in marital assets.

Where one takes over child - rearing responsibilities that would otherwise have to be paid for or shared by a spouse, he or she is still seen as contributing to the family's economic well - being, and this may have an effect on family asset division in the case of marital breakdown.

The court did not impute income to the wife because of her long absence from the workforce, and would not consider income from her award of equitable distribution as she would have to deplete her share of marital assets while husband kept his.

For example, it might be possible to transfer assets into a family limited partnership that has both estate planning and asset protection benefits however, if moving such assets into a Family Limited Partnership or Trust is designed to remove the asset out of the marital estate in contemplation of divorce in order to defraud the soon to be ex-spouse, the transfer may be rescinded by the court as being a fraudulent conveyance.

When a divorce is filed and granted in New York State as an «Uncontested Divorce» it means that the parties to the divorce (the husband and wife, or both spouses in a same - sex marriage), have signed their applicable divorce papers that were filed in court, to indicate that they both agree to all of the terms of their divorce, including: the equitable division of their joint marital property (assets and debts) and the payment or waiver of spousal support.

Property division attorney Mark Werner will help you identify each marital asset as either community or sole and separate property.

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.&raquAs 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.&raquas 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.»

To fairly divide a marital estate, we need an accurate value of the business as well as an accounting of the couple's assets.

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.

For instance, in a property settlement or marital termination agreement, spouses can apportion their marital assets as they deem fit.

Whether categorized as a liability or an asset, all marital property must be divided fairly between the parties.

A pre-nuptial agreement can be used, for example, to define the worth of marital assets based on a particular date, such as the date of a Virginia marriage ceremony or the date of a civil union in another state.

The court begins this process by examining the parties» property and classifying this property as separate assets, marital assets, or a hybrid of the two.

Additionally, we counsel you on and assist you with negotiating all the terms of your divorce, including dividing the marital assets, child support and custody, as well as spousal support.

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.