Sentences with phrase «divided during the divorce process»
However, you recognize that retirement plans might not be the easiest entity to divide during the divorce process, especially given the fact that they are considered to be protected assets under federal law.
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For example, if the parties execute a separation agreement that resolves the manner in which certain financial assets will be divided, this matter will not need to be resolved during the divorce process.
During both divorce processes, a judge will divide marital property, decide issues of custody and child support, and determine if spousal support is appropriate.
During your divorce, one of the most important steps is the discovery process — the mandatory and formal exchange of information and records by the parties where they disclose their assets and obligations so that the parties or a judge can decide how the community property will be divided.
Before you and your former partner begin the complex and often distressing process of dividing your marital property during divorce, talk to one of the experienced attorneys at Florida Family Law Clinic.
During the divorce process, the courts will divide the shared debt through a divorce decree, meaning that one party will take full responsibility for the house while the other party will be responsible for any auto loans, for example, as Credit.com explains.
During your divorce, one of the most important processes you will go through is the discovery process — the formal process by which the parties disclose their assets so that a court or the parties can decide how the community property will be divided.
You and your spouse may file a marital settlement agreement during the divorce process if you have property and debts to divide and agree on how to split these items.
However, after 1984, congress made an exception to this protected status for retirement plans, which permitted retirement plans to be divided between spouses during the divorce process, only if ordered by the court in a QDRO or some other type of Domestic Relations Order, as required by the particular plan.
Since Washington is a community property state with specific rules about the division of assets acquired by either partner during a marriage, dividing up your marital property (including debts) will also be required as a part of that process, just like in a divorce.
During the divorce process, state courts may determine how to divide child custody between the divorcing parents, if the parents can not come to their own arrangement.
From what is considered non-marital or marital property, to how the court divides up property, Sean Sullivan, Illinois Family lawyer discuss the intricacies of property division during the divorce process.