Sentences with phrase «assets than other children»

Not exact matches

Intestacy laws in other states may have different rules, such as having assets split 50/50 between a surviving spouse and children rather than having all assets pass a surviving spouse.

They usually address property issues that may arise in the event of divorce or death, and are often used as vehicles to provide for greater awards of property to children of previous marriages, or when one spouse brings substantially greater assets than the other spouse to the marriage.

The financial picture truly isn't complicated (no debts outside mortgage, no complicated assets outside house / checking / savings / 401k accounts, all assets and family are in same state, assets are less than state / federal estate tax limit; no prior marriages or prior children or other potential liabilities, etc...).

While prenuptial agreements can involve uncomfortable discussions, they can be incredibly useful, especially in those marriages in which one party has substantially more assets than the other or those involving children from prior relationships.

The laws about receiving assistance from SSI and SSDI are very strict, and if your child has access to more than $ 2,000 in assets, they may be ineligible from receiving these benefits and other government benefits.

Even though it's called a Property Settlement Agreement, this agreement covers much more than the division of property or equitable distribution of property — it's also about child custody, parenting time, division of assets (including personal property, real estate such as the marital home, retirement assets and pensions, and businesses), alimony, and any other additional issues that must be determined in furtherance of divorce or dissolution of marriage.

It also offers spouses the greatest degree of control over their own decision making (with regard to asset division, issues surrounding the children, what happens to the house, etc.) and it has an added benefit in that agreements reached through mediation are more likely to be adhered to than those obtained through other processes.