Ownership right to the policy may be transferred as
a portion of property settlement or alimony payments.
Not exact matches
11 I am satisfied that, if a spouse can not show what
portion of «compensation or injury or loss» relates to «lost income», the entire
portion «
settlement» or «damages» should not be excluded from what will be considered as «family
property».
The conclusion reached was that the claimant had not demonstrated that a
portion of the
settlement money received was excluded
property.
These two provisions may complicate efforts by divorce counsel to address any
portion of the debtor's post-petition earnings in a separation agreement or
property settlement agreement, particularly since actions taken in violation
of the automatic stay may be void or voidable.
If the spouse receives personal injury compensation during the marriage, any damage award or
settlement is marital
property, even that
portion of it that compensates for a spouse's loss
of well - being.
If your divorce case is like most cases and settles prior to trial, your
property settlement agreement will spell out who is paying what
portion of the marital debt.
«If a
property was listed at $ 250,000 and it eventually sold for $ 130,000, my commission would be on the final selling price and would not include any
portion of the PHAI
settlement.»