Sentences with phrase «regarding distribution of assets»

In general, state laws determine each spouse's rights regarding the distribution of assets and payment of debts from the marriage.

Not exact matches

Advisers who presently are fiduciaries may be especially likely to fully satisfy the PTEs» Impartial Conduct Standards before January 1, 2018, in the ERISA - plan context, because advisers who make recommendations to plans and plan participants regarding plan assets, including recommendations on rollovers or distributions of plan assets, are already subject to standards of prudence and loyalty under ERISA and a violation of the Impartial Conduct Standards would be subject to claims for civil liability under ERISA.

While the term «rebalancing» has connotations regarding an even distribution of assets, a 50/50 stock and bond split is not required.

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

This form outlines the issues that the couple have decided regarding the terms and conditions of the distribution of assets and liability as well as spousal support.

With regard to the distribution of assets and liabilities, some of the tricks I've seen clients attempt to use in order to gain advantage over the other party in mediation include:

Instead of battling over the division of marital assets, the parties to a collaborative divorce may hire an accountant, financial planner or other consultant to review the marital estate and make recommendations regarding the equitable distribution of debts and assets.

With a summary dissolution, a joint petition is filed when 1) either spouse meets the standard residency requirement, 2) the marriage is irretrievably broken down due to irreconcilable differences, 3) the marriage is childless, 4) the wife is not pregnant, 5) neither spouse owns real estate, 6) there are no unpaid debts greater than $ 4,000, 7) the total value of community property is less than $ 25,000, 8) neither spouse has separate property (excluding cars and loans) of greater than $ 25,000, 9) the spouses have reached an agreement regarding the division and distributions of assets and liabilities, 10) both waive their rights to maintenance and appeal; 11) both have read a brochure about summary dissolution and 12) both desire to end the marriage.

Even though the husband could confer with his attorney outside of the mediation process, the mediation would be more productive, if he were to have the attorney present for the sessions regarding support, as well as distribution of assets, to provide legal advice, and for the other side's attorney to hear his attorney's argument.