Obviously,
the fair division of marital assets and debts has a profound impact on the future financial well - being of divorcing parties.
Not exact matches
Division of marital assets in MA must be «equitable», which means «
fair».
In any divorce, a
fair and equitable
division of marital assets and debts are essential.
Fair division of assets often requires spouses to radically shift their perceptions
of marital roles and entitlements from those which feel familiar to those which feel foreign and unfair.
It means that all
marital property will be distributed equitably, which is a
fair division of all the
assets and debts acquired during the marriage.
Similarly, while Tennessee's property
division statute requires that
marital property be divided «fairly and equitably,» Collaborative Divorce allows the parties also to run particular settlement ideas through the filter
of a neutral financial expert, who may have ideas about how to divide the estate in a way that is legally
fair and equitable, but that also minimizes tax liability or maximizes growth on retirement
assets, for example.
The
division of the
marital assets acquired during a marriage, including
marital debts according to what the court feels is
fair under the circumstances.