Sentences with phrase «equitable distribution states divide»

Not exact matches

In equitable distribution states like Florida, for example, a prenup should outline how the business would be divided based on how much each spouse is involved.

Unless a fair and reasonable division of property can be agreed upon, Oregon law states that a couple must divide their property under the principle of equitable distribution in a divorce.

Pennsylvania is an «equitable distribution state» meaning that on request of either spouse the court will work to fairly divide the marital property between both spouses in a divorce, and this is done without consideration to marital misconduct by either spouse.

New Jersey is an «equitable distribution» state, which means courts will divide «marital property» equitably (fairly), but not necessarily equally.

In the state of Florida, marital property is divided through the process of equitable distribution.

In an «equitable distribution» state the court «equitably divides» the marital property.

In the state of New York, property is divided based on «equitable distribution» principles.

Community property laws generally divide marital assets right down the middle, as opposed to equitable distribution states which seek to divide marital assets fairly, rather than exactly equal.

equitable distribution: The way marital property must be divided by law in New York State in a divorce.

Michigan is an equitable distribution state, but judges typically divide assets fairly evenly.

A few equitable distribution states permit all property acquired by either spouse before the divorce, including property obtained before the marriage or by inheritance or gift, to be divided equitably between both spouses.

Courts in equitable distribution states are not obligated to divide marital property or debts 50/50.

However, Texas is unique in that courts are required to divide property in a manner that is «just and right» after evaluating several factors — just like equitable distribution states — meaning spouses might end up with an unequal division.

Even in equitable distribution states where judges don't necessarily have to divide marital property 50/50, they rarely stray very far from that equation.

An equitable distribution state, Pennsylvania requires that courts divide marital property in a way that is fair and equitable.

However, under the equitable distribution system followed by a majority of states, marital property is divided between spouses based on what is fair and just under the circumstances, which may result in an uneven split.

Since Oklahoma is an «equitable distribution» state, one of the functions of the court is to divide your marital property in a just and equitable manner when you can not agree, though the court's distribution may not be exactly equal.

In the 41 other states, the courts divide marital property and debt under the concept of equitable distribution.

In both community property and equitable distribution states, the judge will only divide marital property, which is property acquired by spouses from the wedding day forward.

Since Arkansas is an equitable distribution state, all marital property will be divided in a fair fashion according to the court unless agreed to otherwise by the divorcing spouses.

Virginia is an equitable distribution state, which means if the spouses don't agree, the marital estate will be divided fairly but not necessarily equally.

States follow one of two distribution schemes when dividing property in divorce: community property and equitable distribution.

It is an equitable distribution state, so all assets are divided between spouses in a way the judge deems fair.

During divorce proceedings, Colorado courts follow the guidelines set out in state law for equitable distribution when dividing marital property.

Unlike in community property states — where courts evenly divide the assets acquired during a marriage — equitable distribution laws give a great deal of latitude to judges to decide what is «fair.»

Community property states, which stand in the minority, require courts to divide an estate equally, whereas equitable distribution states — the majority — seek to divide estates equitably, or fairly.

An equitable distribution state, Pennsylvania requires that courts divide marital property in a way that is fair and...

Massachusetts is an equitable distribution state, so the court will divide these assets between the parties on the basis of fairness.

New York is an equitable distribution state when dividing property during divorce.

When a divorcing couple heads to court for a property dispute, state law is used to divide the property using one of two classifications: community property or equitable distribution.

PA is an equitable distribution state meaning that, should spouses go to court, the Court retains discretion over how the marital property gets divided, whether 50/50, 60/40 or some other percentage of division.

Massachusetts is an equitable distribution state, meaning all marital assets must be divided fairly upon divorce.