Sentences with phrase «court divide their assets»

Under the divorce laws of New Jersey, courts divide assets based on what it considers an «equitable» or fair distribution.

When the court divides assets in family cases, it looks to all the property over which you have an interest.

If the spouses can not agree, they can request that the court divide their assets.

Not exact matches

«If you don't create an estate plan, you're letting the courts decide how to divide your assets, which may not reflect your wishes, particularly if you have children or specific distribution desires,» Clapp said.

«If you don't create an estate plan, you're letting the courts decide how to divide your assets, which may not reflect your wishes.»

How do courts divide up your assets in a divorce?

The court will then likely divide up the assets as it sees fit.

In the landmark Charman v Charman divorce ruling, the English Court of Appeal ruled last year that assets in offshore trusts created by one spouse may be included in the «matrimonial pot» of assets that an English court in a divorce case should «fairly» diCourt of Appeal ruled last year that assets in offshore trusts created by one spouse may be included in the «matrimonial pot» of assets that an English court in a divorce case should «fairly» dicourt in a divorce case should «fairly» divide.

If the estate trustee is uncertain about how to divide the assets of the estate she should apply to court for help interpreting the will.

In addition to the custodial and child support issues you'll face if you have kids, there could be very serious financial ramifications for you, because the court only divides assets and debts in the case of a divorce or separation.

The court divides numerous marital assets during a divorce, and for couples who own a business together, that includes the company.

After equitably dividing marital assets and liabilities between the parties, the court must decide the issue of alimony.

Additionally, dividing marital assets outside of court allows a couple to determine how such assets should be divided.

Husband argued on appeal that the family court could not equitably divide the parties» assets based solely on Wife's testimony without Wife's disclosure of financial documentation.

In Kentucky, marital property - that is, property and assets obtained while the couple was married - is divided by the court in...

In Kentucky, marital property - that is, property and assets obtained while the couple was married - is divided by the court in just proportions.

By dividing marital assets outside of Virgina court, the couple is able to take control of their property, finances, and future moving forward.

Couples who do not agree on how to divide assets and debts go to court, and ask a judge for a decision

Since the assets he had had already been divided with the wife, the court said that it would be unfair to ask him to sell his assets and pay the wife spousal support.

She asserts that the trial court failed to consider the value of the husband's stock in his company, Long Electronics, when it divided the marital assets.

In a divorce, the court divides the money and assets between the spouses equitably.

In what was widely considered the most important family law case of the decade, with national implications, Burns won a unanimous Massachusetts Supreme Judicial Court (SJC) ruling on the issue of trust assets as marital property that could be divided in divorce proceedings.

However, a spouse may, under special circumstances, ask that the court unequally divide the marital assets or liabilities.

The court will also consider each spouse's age, health, income and potential earning capacity when dividing marital assets.

In Michigan, courts attempt to equitably divide marital assets in a divorce by attempting to achieve congruence.

The general approach of the Court is that they have to look at what assets are available to be divided between the parties and that older children are not their first priority.

Sometimes, they want to dissipate their wealth into easy to move and hard to find property, on other occasions the profligacy is designed to inflate their budgets to secure more maintenance — inflating the «needs case» which the court will look at when dividing the assets.

The English court has a wide discretion to investigate assets and divide them between the couples.

Mr Abramovich is extremely wealthy and that will have been reflected in their lifestyle, which the court will take into consideration when dividing their assets and addressing Ms Zhukova's needs moving forward, especially as they have children together.

This is another opportunity for the English courts to demonstrate their sometimes generous approach to dividing assets on divorce.

If the parties can not agree, especially in high net worth divorces, the court will decide how the assets and debts will be divided.

Pass on the will without naming an executor to oversee the process, and your estate gets handed over to the state in a very informal process that sees a court - appointed administrator, a veritable stranger to your family who'll divide up your assets according to state laws.

Litigation — If you are in court, it means that you and your spouse could not make agreements on how your assets and debts would be divided, or how you will share time with your minor children.

Divorce mediation is a process where you and your spouse sit down with a neutral - third party divorce mediator to divide the assets and debts of your marriage without going to court.

In an uncontested divorce, the spouses agree on everything and do not need the court to divide assets or make determinations about spousal or child support or custody.

If you have no children and few marital assets, or you've pounded out an agreement with your spouse about how to divide things up, it's time to jump into the court process.

Instead, it will divide assets as equitably as possible so that each spouse gets what the court believes is most fair.

This means a court does not divide all relevant assets equally.

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.

Ultimately, the court divides all of the assets and debts fairly, even if that leaves the spouses with unbalanced shares.

The court considers many factors when dividing debt in divorce and will use assets and debts to strike a balance for both spouses.

Instead, it will divide assets as equitably as possible so that each spouse gets what the court believes is the most fair.

If you can not come to an agreement at mediation, the Florida divorce court will divide assets and debts for you and impose the court's own mandate on how you will live from the final judgment forward.

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

Therefore, the more effective you are in explaining to the court why your proposal for dividing marital assets is the fairest option is critical.

When you file for divorce, you and your spouse can reach an agreement on how you want to divide your assets, or the court might determine the division of assets for you.

Nevada is a no - fault state, it really doesn't matter whether either party to a divorce in Nevada cheated or not; the court doesn't take it into consideration at all when it comes time to divide marital assets.

Courts may consider the amount of money owed on a loan when dividing the property attached to it and balance the value of any remaining assets you receive with the total debt the court assigns to you.

Next, the court will divide your marital assets equitably, which means fairly, but not necessarily equally.

In dividing marital property, the court distinguishes between marital and separate assets.