Sentences with phrase «excluded property and debt»

Not exact matches

They exclude the following fixed and semi-fixed costs categories: Total Operational Expenditures, Total Property Expenses, Assets / Reserves, Debt Service, Transfers, and other miscellaneous expenses.

Note: Table reports expenditures from all funds (General, State Special Education, Combined GF & Special Education, Total Governmental, Total State Grants, and Total Federal Grants); Statewide totals include expenditures from public charter schools Variable costs include expenditures for Instruction, Student / Instruction Support Services, Other Support Services, and Fringe Benefits; They exclude Operational Expenses, Total Property Expenses, Assets / Reserves, Debt Service, Transfers, and other miscellaneous expenses

BC's new Family Law Act and how it impacts excluded property placed in joint names or used to buy, renovate or pay down debt on jointly owned properties remains in legal turmoil.

In 2013 a new Family Law Act was enacted with one of the most significant changes from the old law being inclusion of family debt and of excluded property.

Prenuptial agreements may determine which property and debts should be divided upon divorce, which property should be excluded, which property should be excluded from the probate estate when one of the spouses dies, whether alimony should be paid upon divorce or separation and if so, how much and how long.

-- Enabling parenting coordination by agreement or court order; — Amending the Commercial Arbitration Act to address family arbitrations; — integrating reproductive technologies into determining a child's legal parents; — Replacing the terms «custody» and «access» with «guardianship» and «parenting time»; — Defining «guardianship» through a list of «parental responsibilities» that can be allocated to allow for more customized parenting arrangements; — Extending the legislative property division regime to common - law spouses who have lived together for two years in a marriage - like relationship or who are in marriage - like relationship of some permanence and have children together; — Excluding certain types of property (e.g. pre-relationship property, gifts, and inheritances) from the pool of family property to be divided 50 - 50; and — Providing that debts are subject to equal division.

Pro se mediations through Family Diplomacy would typically average a total of less than $ 2,500, broken down as follows: $ 250 for the first 2 - hour session (which would deal with issues related to parenting); $ 500 for the second 2 - hour session (which would deal with division of property and debts and support); $ 500 for drafting the marital settlement agreement; $ 500 for drafting the remaining required documents (excluding the financial affidavits); $ 250 for a third session, which would last about an hour, to finalize all documents; and $ 408 for the court filing fee.

With a summary dissolution, a joint petition is filed when 1) either spouse meets the standard residency requirement, 2) the marriage is irretrievably broken down due to irreconcilable differences, 3) the marriage is childless, 4) the wife is not pregnant, 5) neither spouse owns real estate, 6) there are no unpaid debts greater than $ 4,000, 7) the total value of community property is less than $ 25,000, 8) neither spouse has separate property (excluding cars and loans) of greater than $ 25,000, 9) the spouses have reached an agreement regarding the division and distributions of assets and liabilities, 10) both waive their rights to maintenance and appeal; 11) both have read a brochure about summary dissolution and 12) both desire to end the marriage.

CR is calculated by subtracting all operational expenses (excluding financing and capital expenses), plus vacancy and bad debt from the property's total income and dividing the result — called net operating income (NOI)-- by the current value or sale price of a property.

In addition to improving the definition of what an HVCRE loan is, it excludes from the definition the acquisition or refinancing of an existing income property secured by a mortgage so long as the cash flow generated is sufficient to pay expenses and debt service.

Partial Exchange: When a tax - deferred like - kind exchange entails receiving cash, excluded property and / or non-like-kind property and / or any net reduction in debt (mortgage relief) on the replacement property as well as an exchange of qualified, like - kind property.