Sentences with phrase «equally upon divorce»

In New Mexico, the law designates all property acquired by either spouse during the marriage as community property that must be divided equally upon divorce according to value.

Doesn't matter what it is, if it happens the marriage is added to the Community Property (sometimes called «marital property») and then split equally upon divorce.

In community property states, marital property is owned equally by both spouses and courts will generally divide that property equally upon divorce.

Not exact matches

Because Arizona is a community property state, family law courts generally distribute marital assets equally among spouses upon divorce.

In the divorce process an actuary may be called upon to calculate the current assets of marital property and project what the worth would be at some future date, the enduring period if equally split, or financial result of dividing current assets.