Sentences with phrase «equitable division»

"Equitable division" refers to the fair and just distribution of something, usually resources, assets, or responsibilities, among different parties. It ensures that each person gets their fair share based on specific criteria, such as need, contribution, or an agreed-upon formula. Full definition
While we recognize that equitable division of property is important, we also recognize that preserving the company's future may be beneficial for both parties as well.
The only property considered for equitable division is the property that exists at the time of divorce.
The courts then consider a number of factors to decide which property acquired during the marriage is marital property, and what is the most equitable division of that marital property.
Your lawyer can help get to the bottom of your purchase dates and discover all assets exempt from equitable division.
Each state has different divorce laws, and these laws fall into 2 categories equitable division and community property.
In any divorce, a fair and equitable division of marital assets and debts are essential.
An open discussion with all involved can maximize tax savings for everyone and create opportunities for a more equitable division of other assets.
However, courts often do divide property equally when they feel an equal split is the most equitable division.
New Jersey law requires equitable division of marital assets and liabilities.
FL&NY are Equitable Distribution states, because their marriage laws developed from English Common Law and they have adopted new laws in the twentieth century to ensure equitable division of property acquired during marriage.
Per Kentucky law, it is assumed that any property obtained while the couple was married is marital property, and is thus subject to equitable division after a divorce.
In Kentucky, marital property will be divided in the event of a divorce based on equitable division.
In Rhode Island, all assets acquired by the parties (with limited exceptions as set forth below) during the course of the marriage constitute marital property subject to equitable division by the Family Court.
Connecticut is an «all property equitable division state» rather than a community property state.
However, as it deals with equitable division of marital property — in other words, the earnings, marital earnings or increase in value of non-marital property, I do find that to be unconscionable in this action.
Attorney fees of each party can usually also be taken into account in determining what equitable division of the assets will be made at trial.
As I read the family court's order of November 24, 2010, it is unclear whether respondent was awarded possession of the home as a component of support or as temporary equitable division.
Lawyers at Dumoulin Boskovich advocate for equitable division of property and allocation of future support for our clients involved in separation and divorce proceedings.
If all issues concerning divorce, child support, equitable division of assets, alimony, visitation and other issues are resolved between the parties, the earliest possible date for a nominal divorce (a nominal divorce is a non-contested divorce in which everything is agreed to) is approximately sixty five days after the plaintiff files a complaint for divorce.
In fact, a considerably larger percentage of people think a satisfying sexual relationship and an equitable division of household chores are crucial for a successful marriage.
An important step in the divorce process is an equitable division of your marital property.
Sheryl Sandberg's Lean In is a rallying cry for both genders to continue the hard work of previous generations toward a more equitable division of voice, power and leadership.
Obligations would be honored, and the courts could sort through an equitable division of the property, or cram it down, if agreement is not rapidly reached.
Delaware uses a system of equitable division to divide marital property.
Her divorce experience is diverse and has included a myriad of issues, including, but not limited to, valuation of closely held business interests, the impact of pre-marital, gifted and inherited property, custody and parenting time, child support, spousal support, equitable division of the marital estate and obligations, pre - and postnuptial agreements, division of retirement benefits, and tax implications.
For example, if you remove money from your trust fund and put it in a joint checking account, then that money is now marital property, and therefore subject to equitable division.
E. Order the equitable division of the community property and community debts of the parties and confirm to each their sole and separate property and debts, if any;
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.
When spouses are able to reach agreement on all of the key issues involved in a divorce such as custody, support, and an equitable division of property, it is referred to as an uncontested divorce.
Some states require an equitable division, meaning that a couple must divide marital property fairly but not necessarily equally.
In divorce, there is the concept of the equitable division of assets.
When a divorce is filed and granted in New York State as an «Uncontested Divorce» it means that the parties to the divorce (the husband and wife, or both spouses in a same - sex marriage), have signed their applicable divorce papers that were filed in court, to indicate that they both agree to all of the terms of their divorce, including: the equitable division of their joint marital property (assets and debts) and the payment or waiver of spousal support.
A.R.S. Section 25 - 318 (A) requires a family court to provide an equitable division of community property (though not necessarily in kind) without regard to marital misconduct.
The court makes the best decision possible using as much information as possible, but in many cases, information may not be provided that could be useful in determining an equitable division of assets.
Florida law follows the concept of «Equitable Distribution», which requires an equitable division of all marital assets and liabilities.
Because both parties waived any interest in the other's marital earnings, it found «the Agreement's terms were not so one - sided or oppressive that no reasonable person would make them and no fair and honest person would accept them; therefore, the Agreement was not unconscionable as to equitable division
If there is no will or someone has been cut out, some family members may need an experienced will contest attorney that can answer questions about the law on the administration, equitable division of their loved one's home, property, assets, and debts.
Texas law allows for «no - fault» divorces, but, if one spouse is at fault for the breakup of the marriage, the court may take that into consideration in determining what is an equitable division of the couple's property.
Indiana law requires an equitable division of property in a divorce.
We represent clients in a wide range of family law matters, including divorce, custody and visitation, separation agreements, child support, equitable division of property, prenuptial agreements and post-decree modifications.
First the Court of Appeals held that the family court erred in using the December 2006 filing date, rather than the May 2007 filing date, to value the lots, noting «[w] hen there are two filing dates, the court must use the date of the filing of the litigation which lead to the equitable division
However, it is possible to negotiate an equitable division of property that is not necessarily a 50 - 50 split.
We use financial consultants to determine the equitable division of all marital assets.
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