Sentences with phrase «marital assets during»

If the property was purchased with marital assets during the marriage, the property will likely be considered part of the marital estate and subject to division, regardless of whose name is on the title.

A spouse is also prohibited from disposing or converting marital assets during the legal separation.

There is a major drawback to having a separation agreement; if you have a devious spouse then he can hide and dissipate the marital assets during the separation period.

We have over 20 years of combined experience helping our clients obtain or retain their fair share of the marital assets during a divorce.

The court divides numerous marital assets during a divorce, and for couples who own a business together, that includes the company.

Not exact matches

One of the most frequently asked questions during a divorce consultation and through the divorce process pertains to the division of marital assets, also known as equitable distribution.

→ an insurance settlement is not part of the marital assets (unless used for the benefit of the family during the marriage, such as a downpayment on a home)

A marital asset is any property (or asset) that was acquired during the marriage.

→ insurance proceeds are not part of the marital assets (unless used for the benefit of the family during the marriage, such as a downpayment on a home)

The general rule is that assets that are accumulated during marriage are considered marital assets regardless of the titling.

Property acquired by the spouses during their marriage (e.g., family home, retirement plan assets) generally qualifies as marital property.

During the marriage, they acquired substantial assets, including the marital residence and a poultry business.

The agreement can specify the marital or separate character of certain property, clarify each person's contributions toward assets like a house acquired during a period of cohabitation, or document payments by one person toward that person's indebtedness.

In considering the equitable distribution award, the appellate court first pointed out the distinction between the considerations in equitable distribution and the considerations for spousal support, that spousal support requires a consideration of the equities between the parties and the standard of living established during the marriage while equitable distribution is concerned with the acquisition, growth and preservation of marital assets, citing Lightburn v. Lightburn, 22 Va..

After awarding non-marital assets and liabilities, the court then decides how to distribute marital property accumulated during the marriage.

An experienced attorney can be a useful resource during the division of marital assets in Virginia.

Marital property includes most assets and debts a couple acquires during marriage.

The parties conspired in a despicable scheme to hide assets during marital dissolution and child support proceedings.

«The wife argues, in part, that the trial court erred in awarding the husband 70 % of the parties marital assets, which, she says, were accumulated during their 25 - year marriage.

When assets are divided during divorce, one of the most important elements is determining whether property is considered marital or nonmarital.

Marital Agreement Marital Agreement This is the agreement concluded during your marriage to stipulate the ownership of your marital assets, rights and duties shared by both you and your wife / hMarital Agreement Marital Agreement This is the agreement concluded during your marriage to stipulate the ownership of your marital assets, rights and duties shared by both you and your wife / hMarital Agreement This is the agreement concluded during your marriage to stipulate the ownership of your marital assets, rights and duties shared by both you and your wife / hmarital assets, rights and duties shared by both you and your wife / husband.

Earlier this month, the Tennessee Supreme Court ruled lifetime alimony is inappropriate provided a woman is in reasonable health, has a decent job and was fairly treated during the division of marital assets.

For example, if one spouse created a business during the marriage, that business would be considered a marital asset that is subject to distribution.

Marital property in Florida is considered to be all assets and debts either spouse acquires during the marriage, unless there is a valid written agreement stating otherwise, regardless of whether the property or debt is only in one spouse's name.

Each side wants to receive his or her «fair share» of marital assets, 401 (k) retirement plans, stocks and property holdings accumulated during the marriage.

During divorce, forensic (or investigative) accounting professionals can trace the paper - trail of funds through the various accounts of the marriage, determine the actual income of the family, verify claims of «co-mingling» marital and separate assets, or determine the validity of a potential claim for dissipation of marital assets (see «Dissipation Issues,» below, for more on this topic).

Couples can also make decisions about how their joint or marital property, assets, and income will be treated during the marriage and in the event of a divorce; they can also set limits on alimony (spousal support).

Wife, a former successful international banking and finance lawyer at a major law firm, claimed that during the marriage, husband, also a successful lawyer, hid marital assets worth millions of dollars.

Marital property is any asset acquired by either spouse during the course of the marriage.

In New York, the law regarding marital assets division during a divorce is based on the concept of equitable distribution.

As long as the asset or debt was acquired during the marriage, with a few notable exceptions, it is considered marital property and will be divided in an equitable manner.

This law provides that all assets and debt acquired during a marriage are considered marital property and are therefore subject to division among the spouses.

Although California is a community property state — meaning that marital assets acquired during the marriage are split evenly between spouses — there are nuances to the general law that can affect whether a court will divide certain property or allow one party to retain sole possession.

Marital property laws in Minnesota and Wisconsin define the marital estate (community property) as any asset acquired during the marriage whether that asset is held in the name of either party oMarital property laws in Minnesota and Wisconsin define the marital estate (community property) as any asset acquired during the marriage whether that asset is held in the name of either party omarital estate (community property) as any asset acquired during the marriage whether that asset is held in the name of either party or both.

Marital property includes all personal and real property, assets and debts obtained during the marriage.

If one spouse causes a loss of marital property during or after the breakdown of the marriage, called a dissipation of marital assets, the court may give the other spouse a larger portion of marital assets since there are fewer marital assets to distribute because of the loss.

Often, a forensic accounting investigation is needed to trace the assets listed in the premarital agreement to establish whether the assets remained as separate property, whether they were transmuted or commingled with marital property, and whether any incremental appreciation was created during the marriage that must be considered in the divorce.

Separate property includes an inheritance to one spouse during the marriage; property acquired by a partner before the marriage; passive income and appreciation acquired from separate property during the marriage; property acquired by one spouse after a decree of legal separation; property excluded from the couple's marital property by a premarital agreement; a spouse's personal injury compensation, except for loss of earnings during the marriage and compensation for expenses paid from marital assets; and any gift given to only one spouse.

Marital property is defined as any property obtained during the course of the marriage and does not include inheritances, gifts or assets acquired after separation.

If you live in a community property state — Arizona, California, Louisiana, New Mexico, Nevada, Idaho, Texas, Washington or Wisconsin — assets and debts you acquire during your marriage belong equally to both spouses, except in certain narrow circumstances, such as assets acquired by inheritance or gift that you kept separate from your marital assets.

Marital property means assets acquired by either spouse during a marriage as well as separate property brought into a marriage and converted into marital prMarital property means assets acquired by either spouse during a marriage as well as separate property brought into a marriage and converted into marital prmarital property.

Additionally, a separation agreement should typically discuss who is living in the marital residence and how the couple is handling debts, assets and shared property during the separation.

They include the value of property each spouse received during division of the marital assets, the requesting spouse's age, any health conditions, and the requesting spouse's ability to work and income earned.

During your divorce process, your attorney or the court will separate out all assets that are your spouse's separate property and value the remaining marital property.

During the separation, any assets that are accrued by either spouse are still considered marital property and as such, are held jointly.

Marital property typically includes assets acquired during the marriage and separate property belongs exclusively to one spouse.

For example, if you used marital assets to improve or maintain a house that you inherited during your marriage, the court would likely consider the increased value of that house as marital property even while it considers the house itself to be your separate property.

The court determines how to divide property by evaluating several key factors, which include the needs of each spouse, the standard of living of the parties during the marriage, each spouse's age as well as health and earning capacity, any established custody arrangement, each spouse's contribution to the marriage and marital assets, and the income, assets and debts of each spouse.

If the spouses cohabited before marriage, assets accumulated during that time are not marital property.

Normally any asset acquired during the marriage, measured from the day you get married until the day one party files a Summons for Divorce, is considered marital property.