Sentences with phrase «assets during the separation period»

There is a major drawback to having a separation agreement; if you have a devious spouse then he can hide and dissipate the marital assets during the separation period.

Not exact matches

This will prevent the couple's assets and debts from being further intertwined during the separation period.

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.

Therefore, it is imperative that the marital assets, credit card bills, and home equity lines of credit be frozen during the separation period.