Sentences with phrase «buy out the other spouse»

In some cases, it makes more sense for one spouse to buy out the other spouse's business interests.

Ideally, you and your spouse will decide together how you want to divide the marital property — you'll have to decide things like whether one of you will keep the family home and buy out the other spouse's interest or whether you'll sell the house; who will keep the furniture and other tangible property; how you'll divide retirement assets that each of you has accrued through your work; and how to deal with marital debts.

If, however, one spouse would like to buy out the other spouse, then the business interests must be valued by a valuator.

When divorcing couples want to minimize the impact on small children, one spouse very often buys out the other spouse and keeps the family house in a divorce.

One spouse (usually the custodial parent) remains in the home with the exclusive use and possession for a certain period of time (for example, until the youngest child graduates from high school), then either buys out the other spouse or sells the home and divides the proceeds.

There are several options that couples may consider when deciding on what to do with their home, such as selling and splitting the profit, buying out the other spouse, or having a delayed buyout.

For others, some exes may opt to buy out the other spouse and stay in the home.

Not exact matches

There is always the possibility that one of the spouses will keep the home and the other could be bought out of the property.

Traditionally, the home would either be sold and the equity divided or one spouse would buy out the other.

What is a gift from one spouse to the other, and what is owned by whom when bought out of shared savings?

If the property has increased in value and the spouse who has remained can not afford to buy the other out, then the property will need to be sold.

The Insolvency Act 1986, which governs this area, provides that the interests of the bankrupt's creditors outweigh all other considerations unless the circumstances of the case are exceptional, which means that an order for the sale of the family home, unless the spouse can buy out the bankrupt's share, is almost inevitable.

As long as you and your spouse lived in your home for more than 1 year prior to separation, neither one of you has to pay capital gains taxes if one of you buys the other out.

It takes specialized knowledge from our seasoned and stellar family lawyers to ensure your business is properly divided and in a way that ensures it is not crippled by any division or buy out of the other spouse.

Will you and your spouse continue to co-own the business, will it be sold, or will one of you buy - out the other?

Vancouver Spousal Support Termination Reduction Variation Lawyers know pension income should not routinely be used for support purposes where the paying spouse «bought out» the other spouse's interest in it with cash or by giving a greater share of other family property.

A divorcing couple may also decide that one spouse will buy out the other over time, with an agreement that gradual payouts or a lump sum payment will be made at specific intervals.

As of the service of process, the spouses are not allowed to take any of their children out of the state, sell any property, accept loans secured by jointly owned property or buy or sell insurance on the other spouse or for which they are a beneficiary.

One example of this is the spouse who acquires ownership of the marital home in the settlement by buying the other spouse out of the equity in the home with a one - time tax - free cash payment.

Without lawyers, judges, or formal courtroom rules to get in the way, the mediator first got Vivian and Bill to agree on a general plan whereby one spouse would keep the business, buy out the other, and lend him or her enough money to start a new venture.

For this reason, we often see one spouse «buy out» the other.

Another is one spouse buying out the other often by trading the equity (net value after the mortgage loan balance but not usually a real estate commission is calculated in) in the home against the value of other marital assets that the other spouse wishes to keep.

Should you sell the home you've been living in or should one spouse buy the other out of his or her share?

Will one spouse buy out the other?