Sentences with phrase «property and debt equally»

Wisconsin is a community property state, meaning the court generally distributes marital property and debt equally, but may modify the distribution depending on the circumstances of a given case.

Not exact matches

Keep in mind that Nevada is a community property state, which means you and your spouse will split your assets and debts equally.

The BC Family Law Act by default says that generally BC family property and debt are subject to equal division between spousal unless it would be significantly unfair to divide the property equally.

Property division: Wisconsin is a community property state, meaning that all community property (marital assets and debts) are generally divided Property division: Wisconsin is a community property state, meaning that all community property (marital assets and debts) are generally divided property state, meaning that all community property (marital assets and debts) are generally divided property (marital assets and debts) are generally divided equally.

If the spouses can not agree how to divide property and debts, they will proceed with a contested divorce, and eventually the court apportions these things equally.

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.

When couples divorce in community property states, all of those assets and debts acquired during the marriage get divided equally.

As a resident of a community property state, the court is likely to divide this debt equally between you and your spouse.

Community property possessions and community property debts are divided equally unless both spouses agree to an unequal division in writing.

In community property states, property and debt acquired while married is divided equally in a divorce.

This means that any property (other than gifts or inheritances) you and your spouse acquired during the marriage belongs equally to both parties and any joint debts incurred during the marriage are the equal responsibility of both parties.

For couples who choose to use a litigation process to divide their assets and debts, their community property will be divided equally and separate property will be fully retained be the owning spouse.

In many states, legal marriage means that all of the assets, wealth, property, and debt belong to both of you equally, regardless of who earned it during the marriage or who's «at fault» for the divorce.