"Division of marital assets" refers to the process of dividing or sharing the property and possessions between spouses when they decide to end their marriage through divorce or separation.
Full definition
The costs of marriage break down are extensive; existing debt, disputes
over division of marital assets, mounting legal fees, lost time from work, lost wages, emotional trauma etc..
The present value pension calculator is particularly useful for divorcing couples who need a present value appraisal of a pension
for division of marital assets.
This person will be able to help you understand your current financial situation and can help you understand the short and long term financial impact of any
proposed division of marital assets.
They include the value of property each spouse received
during division of the marital assets, the requesting spouse's age, any health conditions, and the requesting spouse's ability to work and income earned.
If you and your spouse have agreed on the divorce details,
including division of marital assets, child support and parenting, then you can usually press ahead with a simple or uncontested divorce without the services of an attorney.
The other, through the exigencies of no - fault divorce laws and the principle of (so called)
equal division of marital assets, became a classic example of the feminization of poverty Fortunately, the children in both cases were nearly grown and thus less likely to be seriously affected by the fallout of divorce.
One of the most frequently asked questions during a divorce consultation and through the divorce process pertains to
the division of marital assets, also known as equitable distribution.
With the exception of qualified retirement plan assets covered under the Employee Retirement Income Security Act (ERISA), state laws ultimately govern
the division of marital assets in a divorce, and state laws differ radically on who gets what when the marriage ends.
Although the laws of the state of Michigan do not specifically favor men over women in divorce proceedings, it is easy to see why many women feel that they have an uphill climb when it comes to an equitable
division of marital assets.
An experienced attorney can be a useful resource during
the division of marital assets in Virginia.
In Arizona, the family court includes decisions regarding support obligations and
division of marital assets in the final divorce decree.
Some of the main topics that need to be addressed are child custody, referred to now as legal decision - making, parenting time, child support, alimony (i.e., spousal maintenance),
a division of marital assets and debts, and the payment of attorney fees, expert witness fees, and court costs.
Florida law follows the concept of «Equitable Distribution», which requires an equitable
division of all marital assets and liabilities.
We also represent those who are facing a less complex divorce in which there is a general agreement about
the division of the marital assets, custody of children and support.
There are two main reasons why a couple may want to determine
the division of marital assets without going to trial.
We work tirelessly to achieve successful resolutions of disputes concerning
the division of marital assets, child custody and visitation, alimony, domestic abuse and permanent removal from the Commonwealth.
Federal law authorizes each individual state to treat military pensions as marital assets and it further authorizes each state to divide military pensions in accordance with each state's laws regarding
the division of marital assets, so long as the rules and limitations imposed by federal law are complied with.
This does not necessarily mean a 50/50
division of marital assets / liabilities, but what is most equitable.
Earlier this month, the Tennessee Supreme Court ruled lifetime alimony is inappropriate provided a woman is in reasonable health, has a decent job and was fairly treated during
the division of marital assets.
• Who will receive as a part of
the division of marital assets the particular asset (if any) connected with the debt?
The court is subject to strict rules in what it can order on
the division of marital assets, and will only:
We advise anyone contemplating
a division of marital assets to meet with a lawyer to learn their rights prior to discussing a division of property.
One of the most difficult tasks that accompanies the dissolution of any marriage involves
the division of marital assets.
Equitable distribution laws (laws related to
division of marital assets and debts) do not apply, so separating property and liabilities can get real messy, real quick.
Acted in a complex and highly conflicted case involving the removal of children to a different jurisdiction and
the division of marital assets.
You will require aid in understanding Louisiana divorce law, especially
the division of your marital assets.
The court is subject to strict rules in what it can order on
the division of marital assets.
Division of marital assets and liabilities, such as property, pensions, business assets and inheritances
States determine
the division of marital assets in two major ways.
The settlement agreement addresses each issue pertinent to the marriage, including
the division of marital assets, child custody, child support and spousal support.
However, in certain circumstances, marital misconduct becomes a relevant factor in determining
a division of the marital assets or who should be granted custody of the children.
The key to uncontested divorce is that both spouses must be in agreement about the terms and conditions of the divorce, including child custody and visitation; child support, health and dental insurance, and medical expenses for the children; tax deductions and exemptions;
division of the marital assets and debts; alimony; any other dispute involving the marriage; and lastly, the grounds for the divorce.
Divorce raises a number of legal and financial issues that affect
the division of marital assets, the assignment of debt, access to children, and a parent's ability to relocate.
Instead, courts prefer to aid spouses in
the division of marital assets, spousal support and child custody and support.
A settlement agreement is a contract between you and your spouse that sets out mutually agreed terms of the divorce, such as
the division of marital assets and child custody.