Sentences with phrase «certain marital assets»

Many times husbands will use economic pressure to make a wife give up her rights to certain marital assets.

The only way adultery might have much of impact on how assets are distributed would be if one person used certain marital assets to support the extra-marital relationship.

Not exact matches

The agreement can specify the marital or separate character of certain property, clarify each person's contributions toward assets like a house acquired during a period of cohabitation, or document payments by one person toward that person's indebtedness.

Once the case is filed, there can be certain hearings early on in the case relating to temporary issues of support, custody, preserving marital assets and other such things.

Additionally, both parties may protect their interest in certain marital and hybrid assets by keeping good documentation of the funds used to acquire those assets.

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.

Although California is a community property state — meaning that marital assets acquired during the marriage are split evenly between spouses — there are nuances to the general law that can affect whether a court will divide certain property or allow one party to retain sole possession.

The popularity of collaborative divorce has seen a dramatic rise in the last few years for several reasons: its goal is to take less time than traditional litigation, it allows for certain levels of creativity when addressing sensitive issues such as alimony and splitting of marital assets, it provides confidentiality to the divorcing couple, and perhaps most important, it can be less expensive than other methods of divorce.

If you live in a community property state — Arizona, California, Louisiana, New Mexico, Nevada, Idaho, Texas, Washington or Wisconsin — assets and debts you acquire during your marriage belong equally to both spouses, except in certain narrow circumstances, such as assets acquired by inheritance or gift that you kept separate from your marital assets.

Both spouses can specifically exclude certain assets or property from being considered marital property with a valid prenuptial or postnuptial agreement.

As a result, there are a number of issues that can affect the division of marital property and whether or not certain assets are exempt from consideration for division.

On the other hand, you have a right to a certain portion of the marital assets and property, so you shouldn't make quick decisions.