Sentences with phrase «considered marital debt»

Not exact matches

Debt incurred before marriage or after separation is typically considered «separate debt», however student loans borrowed during marriage may be deemed «marital» debt, especially in the community property staDebt incurred before marriage or after separation is typically considered «separate debt», however student loans borrowed during marriage may be deemed «marital» debt, especially in the community property stadebt», however student loans borrowed during marriage may be deemed «marital» debt, especially in the community property stadebt, especially in the community property states.

Marital property in Florida is considered to be all assets and debts either spouse acquires during the marriage, unless there is a valid written agreement stating otherwise, regardless of whether the property or debt is only in one spouse's name.

A court will want to consider everything when it is attempting to determine how best to split marital assets and debts, and to whom physical custody of the children will be awarded.

As long as the asset or debt was acquired during the marriage, with a few notable exceptions, it is considered marital property and will be divided in an equitable manner.

This law provides that all assets and debt acquired during a marriage are considered marital property and are therefore subject to division among the spouses.

Debt acquired by either spouse during the marriage is usually considered «marital debt.&raDebt acquired by either spouse during the marriage is usually considered «marital debt.&radebt.»

In determining how to best divide marital assets and debts, the court will consider what each spouse brought into the marriage.

When the court divides property, it considers such factors as the length of the marriage, any prior marriages, the ages, health, lifestyle and income potential of each spouse, each spouse's separate estate and debts, whether one spouse assisted in the education or training of the other and contributions to the marital property including the contributions of a homemaker.

All property and all debts acquired during your marriage are considered marital property.

In dividing property the court considers the contributions, «monetary and non-monetary,» of each spouse, the duration of the marriage, the ages and conditions of each spouse, how marital property was acquired, the debts and liabilities of each spouse, tax consequences, dissipation, the «character of all marital property,» and «other factors as the court deems necessary or appropriate to consider in order to arrive at a fair and equitable monetary award.»

Debts are also considered marital property and the court must assign liability to each party, depending on that party's ability to pay.

According to Michigan law, any assets or debts acquired by either spouse during your marriage are considered part of the marital estate, with rare exceptions made for gifts and inheritances.