But that's where Indiana's similarity to
other equitable distribution states ends because judges have the right to distribute virtually everything either spouse owns.
Not exact matches
The rest of the
states fall under
equitable distribution law, which means assets are distributed fairly (but not necessarily equally) according to income, circumstances leading up to the divorce and
other factors.
Some have argued that the legal basis for this mandate can be found in section 1111 (a)(8), the so - called «
equitable teacher
distribution» requirement, which asks
states to submit plans to the Secretary that describe «steps that the
State educational agency will take to ensure that poor and minority children are not taught at higher rates than
other children by inexperienced, unqualified, or out - of - field teachers, and the measures that the
State educational agency will use to evaluate and publicly report the progress of the
State educational agency with respect to such steps.»
Distributing
state / local money to schools through a WSF can be more
equitable and transparent than
other distribution methods, but could run afoul of ED's proposed regulation.
However, because Florida is an
equitable distribution state, a judge may then take
other factors into consideration, and those factors might result in something closer to a 60/40 split.
In the 41
other states, the courts divide marital property and debt under the concept of
equitable distribution.
The majority of
other states, like New York and Florida, adhere to the
equitable distribution method.
The role of the financial professional can address the unique military benefits that arise in
equitable distribution, i.e. military retirement benefits, V.A. benefits, and
other benefits provided by either the military or Department of Veteran's Affairs (federal or
state).
On the contrary, every
other state uses
equitable distribution, which involves «fairly» divvying up assets and money accrued during marriage.
PA is an
equitable distribution state meaning that, should spouses go to court, the Court retains discretion over how the marital property gets divided, whether 50/50, 60/40 or some
other percentage of division.