Sentences with phrase «marital portion of that asset»

That home is considered a hybrid because it was separate when it was brought into the marriage by one spouse but by contributing marital assets to increase the value, there is also a marital portion of that asset.

Not exact matches

Spousal support, a lump - sum payment or a greater portion of other marital assets may be given to one spouse in exchange for his or her share of the business.

Marital assets and the marital portions of hybrid assets are then divided between the pMarital assets and the marital portions of hybrid assets are then divided between the pmarital portions of hybrid assets are then divided between the parties.

Whereas, however, the family court determined that the entire business had been transmuted into a marital asset, there was no finding that the nonmarital portion of Wife's retirement account had been transmuted.

For example, if you were awarded the family home and a significant portion of the marital assets, you may not be entitled to maintenance.

When property ownership is an issue in a marital dissolution case, the Forensic Accountant can help determine what portion of the asset (or debt) is separate vs. community.

We go the distance in valuing marital property, and have professional resources to call upon to assist us when it appears that some assets have been hidden, or when one party has spent some portion of the marital property in an unethical manner, reducing the value.

Determining what portion of these assets should be considered marital property can be quite complex.

However, a federal law allows you a marital deduction so you can leave an unlimited amount of assets — including the cash value of your universal insurance policy's investment portion — to your surviving spouse.

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.

In other words, a portion of the marital assets can be distributed to both spouses in the interim period while divorce proceedings are in effect.

For example, in Florida, if you waste marital assets through gambling losses or because you committed adultery and spent money on your paramour, and if there is not enough marital property to compensate your spouse for the money you dissipated from the marital estate, a judge might award your spouse a portion of your separate property instead.

The divorce costs over $ 80,000 and drags on for more than 4 years during which time both parties have liquidated a significant portion of the marital assets, and have struggled to move forward in their respective personal lives.

On the other hand, you have a right to a certain portion of the marital assets and property, so you shouldn't make quick decisions.

If any portion of your practice is found to be marital property, a proper business valuation must be conducted to facilitate the equitable distribution of marital assets.