Sentences with phrase «asset and debts»

During a divorce, the term «equitable distribution» refers to the division of assets and debts acquired by one or both parties during the marriage.

Sometimes it means dividing assets and debts in a unique way after discussing potential tax consequences with a financial neutral.

Obviously, the fair division of marital assets and debts has a profound impact on the future financial well - being of divorcing parties.

The terms often set forth how assets and debts of the relationship will be handled in the event of a break - up.

Instead, spouses work together to consider multiple possibilities for the division of their community and separate assets and debts.

Property Settlement Agreements: A Property Settlement Agreement is prepared to define the division of property, including assets and debts between divorcing spouses.

A budget that factors in current assets and debts, as well as any known future income sources and expenses.

A fair resolution will address how to divide assets and debts fairly and what the cash flow looks like moving forward.

They also help to establish rules so you can keep your corporate assets and debts separate from your personal ones.

Mortgage loans are subject to qualification, receipt of satisfactory appraisal, and verification of income, asset and debt information provided by the customer.

When couples go through the process of divorce, they are required to divide the marital assets and debts between them.

You can save on filing costs and outline all of your joint assets and debts in your bankruptcy.

In a previous post, I discussed how divorcing couples divide financial assets and debts during divorce mediation.

It may be helpful to calculate your net worth, which allows you to assess your total assets and debt.

Real estate is very likely your single largest asset and debt.

What about hypothetical depreciation and amortization of the asset once we convert operating leases into assets and debt?

Your list can also show how you each propose to divide up assets and debts if you have thought that far ahead.

If there are relatively few assets and debts and clients are in general agreement regarding their children, a simplified process may be in order.

Once you have all of your money, assets and debt accounted for, you can start to make a plan.

In addition, the court can review the property division established in the divorce to determine each spouse's assets and debts after the end of the marriage.

What happens to your money, assets and debt owed depends on the type of bankruptcy you file.

Let's look at how the star's assets and debts add up.

My only regret is that we do not agree on the importance of simultaneous management of assets and debt early in life.

To be sure, not all dollar assets and debts are equally diminished by inflation.

Additionally, if you believe that there are minimal assets and debts — or if you have no children — a collaborative divorce is almost certainly the right choice.

The court considers many factors when dividing debt in divorce and will use assets and debts to strike a balance for both spouses.

When competing dates of separation vary significantly, division of sizable assets and debts may be placed at issue.

A divorce with significant assets or substantial debt will take longer than a divorce with limited assets and debts.

In addition, important information gathering takes place, which gets things like finances, assets and debts out in the open.

Family economics includes budgeting, income identification and definition, income taxes, health and life insurance issues, estate rights, assets and debt definition, valuation and distribution and related tax issues.

The divorcing parties are still bound by their fiduciary duties of good faith and full and complete disclosure of assets and debts among other things.

How marital assets and debts are divided in order to come up with a viable property settlement agreement can be one of the most contentious issues in divorce proceedings.

Firstly, you will have to decide how assets and debts will be split at a time when emotions are running high.

This means that all marital property is taken into account when dividing assets and debt, and the division is handled in a fair and reasonable manner.

Of course you'll need to take your current assets and debts into account.

They help to establish rules so you can keep your corporate assets and debts separate from your personal ones.

One final property issue to look out for: joint assets and debts.

I usually start with the financial issues and the division of assets and debts, and once trust is starting to develop I move to the custody and support issues.

Real estate most likely represents your largest assets and debts.

Next it distributes the marital assets and debts between the two parties in an equitable fashion.

If there are relatively few assets and debts and clients are in general agreement regarding their children, a simplified process may be in order.

A separation agreement and associated court order resolves everything from a division of assets and debts as well as child custody, support and parenting time (visitation) issues).

My two first thoughts were, «Yay I don't need to talk specifics about assets and debts!»

Equitable Division of Assets: Equitable distribution refers to the division of assets and debts acquired during a marriage.

In California, the Judicial Counsel disclosure forms for income and expense and for assets and debts, when supported by appropriate documentation, appraisals, evaluations, etc. as needed, provide the requisite hard data information.

As a result, the parties are able to merge their attorneys» legal advice with the financial neutral's advice, which often leads to much more sophisticated or nuanced settlement results than would be true if everyone is mechanically dividing assets and debts without the benefit of professional financial advice.

You and your fiancé should have a good grasp of each other's assets and debts before marriage.

Below are some questions to think about when thinking about premarital assets and debts: