Sentences with phrase «separate property any assets»

Separate property assets are those which are acquired prior to the date of marriage or after the date of separation.

Not exact matches

A seemingly sudden realization of that fact — plus a friendly environment for selling or spinning off assets — has sparked an epidemic of breakups: News Corp. separating its print properties from its entertainment businesses, eBay (EBAY) spinning off PayPal (PYPL), Hewlett - Packard (HPQ) separating its PC and printer business from its corporate hardware business, United Technologies (UTX) selling its Sikorsky helicopter unit to Lockheed Martin (LMT), and dozens more such moves.

Cheung Kong Holdings, in a statement filed to the Hong Kong stock exchange, said it will separate its property - related firms from Li's other global assets.

Additionally, the company launched a separate property management and asset management company called Silverstone Properties.

Unmarried couples who live together could be given new rights to inherit property after a death or divide assets when they separate, under plans unveiled today.

Separate property states maintain that assets owned before the marriage or acquired during the marriage, but housed in an account separate from the joint account, belong only to the authorizSeparate property states maintain that assets owned before the marriage or acquired during the marriage, but housed in an account separate from the joint account, belong only to the authorizseparate from the joint account, belong only to the authorized user.

Assets placed in a trust established before marriage are typically treated as separate property.

If this is an application for an individual account and you are relying on your own income or assets (in community property states, separate income or assets) and not the income or assets of another person (or community property) for repayment of the credit requested, questions relative to marital status and to income resources and assets of the spouse need not be answered.

When you live in a community property state and file separate returns, you each must report 50 percent of your spouse's income and half of income generated by community assets, plus all of your separate income.

Community property states give couples an option to conserve more of their estate by converting separate assets to community assets through a written agreement.

In most cases, if you were living in a non-community property state and then moved into one, separate assets you owned prior to moving do not automatically become joined; however, it's not a bad idea to review the property law of your new state to ensure your life insurance isn't affected.

Each identifies assets, debts and income that belong to him — his separate property.

Property is a separate asset class whose market is not highly correlated to equities, so there certainly is value in having investment property in your poProperty is a separate asset class whose market is not highly correlated to equities, so there certainly is value in having investment property in your poproperty in your portfolio.

The spin - off included the entertainment programming assets (read cable channels) developed by Cablevision Systems over the prior several decades but not the NYC sports properties (MSG and MSGN) that were subsequently spun out of Cablevision as separate companies.

If your business will own property, for instance, you can creditor - proof the operation by creating a separate company to own your real - estate assets.

In addition, if there is not enough separate property to pay separate debts the community assets can be reached by creditors.

The remainder of the wind farm assets held by Altamont Winds, Inc. (an affiliate of Altamont Winds LLC), an estimated 469 wind turbines located to the east on other properties in the APWRA and north of I - 580, are not part of the Summit Wind Repower Project, but will be decommissioned under Altamont Winds Inc.'s separate permit conditions (Permit Extension, PLN2014 - 00028), and may be repowered in the future with a separate project proposal.

This is especially true when each spouse claims an asset as separate property, thus excluding it from community property.

Although California law states that the assets you have before marriage is presumed to be your sole and separate property, when married, there are a lot of situations that arise which can cause you to comingle your separate assets with community assets.

The agreement can specify the marital or separate character of certain property, clarify each person's contributions toward assets like a house acquired during a period of cohabitation, or document payments by one person toward that person's indebtedness.

Property division attorney Mark Werner will help you identify each marital asset as either community or sole and separate pProperty division attorney Mark Werner will help you identify each marital asset as either community or sole and separate propertyproperty.

In preparing a prenuptial agreement, it may be helpful to discuss issues that could later cause separate assets to be viewed as marital assets subject to property division.

Such an agreement can set aside certain assets and designate those assets as the separate property of the spouse who is the parent of those children.

The agreement can keep assets made before the marriage separate during property division, protect the interest of heirs in case of divorce or death and specify spousal support obligations.

«Community property», used in Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin, and Puerto Rico, means that both spouses own the property / assets equally, as opposed to «separate property», where only one spouse owns the property.

After we have found hidden assets, we will value them and determine whether they are separate or marital property.

The court begins this process by examining the parties» property and classifying this property as separate assets, marital assets, or a hybrid of the two.

These documents include: revocable living trusts for lifetime management of assets or out - of - state real property to avoid probate, as well as durable powers of attorney for financial and healthcare decisions, Durable Powers of Attorney (DPA), healthcare directives and living wills, Health Insurance Portability and Accountability Act (HIPAA) authorizations for release of protected healthcare information, and premarital and postnuptial property status agreements that clarify status of community and separate property.

The first step in property division is to determine which assets are marital property and which assets are separate property.

You and your spouse have decided to legally separate and agree on how to divide your property and assets.

If the commencement date of the first action for divorce is the proper date for determining marital assets then, by statute, the IPO is husband's separate property.

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.

While prenuptial and postnuptial agreements can help protect assets and keep property separate in the event of a divorce or dissolution — not everyone has them in place.

Those assets acquired before the marriage are known as separate or non-marital property and are not subject to the equitable distribution process.

Filed Under: Alimony, Child Support, Divorce from Bed and Board, Equitable Distribution, Health Insurance, How we work, Marital Home, Practical Advice Tagged With: Alimony, Asset Division, Child Support, divorce, Equitable Distribution, housing market, Marital Home, Marital Property, Separate Property, Separation Agreement

Mr. Fernandez represents high - net - worth clients in family law disputes involving divorce, child support, spousal support, the division and allocation of community property and separate property interests in business holdings, real estate, retirement benefits, and other assets.

Ryan's experience with complex family law matters includes the valuation of assets, the determination of premarital / separate property, the allocation of parental rights and responsibilities, and the establishment of appropriate child and / or spousal support obligations.

Nokia has strong intellectual property assets consisting of intellectual property rights in the separate Nokia Technologies, Nokia Networks and Alcatel - Lucent portfolios, which include patents essential for a variety of standardized technologies as well as relevant implementation patents and proprietary technologies.»

Also, in those cases where one spouse actively contributes to an increase in value of the other spouse's separate property, the contributing spouse is typically entitled to half of the increase in the asset's value.

Again, it is important to remember that separate, inherited property could be modified into marital property if there is an intent to use the property as a joint, marital asset.

Once all assets have been identified and classified as either marital or separate property, a value must be assigned to the marital property.

Equitable distribution laws (laws related to division of marital assets and debts) do not apply, so separating property and liabilities can get real messy, real quick.

Additionally, any assets defined as «separate property» in a written pre - or post-nuptial agreement is separate property.

When a couple gets divorced, the first step in the equitable distribution process in a divorce case is identifying their assets and property as either separate or marital.

When this occurs, the separate property characterization of a particular asset is lost, and the commingled asset is transformed into marital property.

Which assets are marital property and which are separate property can be a subject of great contention between divorcing spouses in New York State.

Thereafter, the parties and their solicitors entered into correspondence culminating in an agreement to reconcile on the understanding that the husband accede to the wife's demands for a post-nuptial agreement to be entered into whereby the parties would have separate bank accounts and for the assets, including the matrimonial home but excluding the overseas property, to be transferred into her sole name.

For example, while a renters policy may cover up to, say, $ 5,000 in business personal property, they may require a separate business policy if you have $ 50,000 in business assets.

Filed Under: Divorce - General, Equitable Distribution, Practical Advice Tagged With: Asset Division, Contempt, divorce, Equitable Distribution, freezing bank accounts, Separate Property, Separation Agreement

Filed Under: Divorce - General, Equitable Distribution, Practical Advice, Taxes Tagged With: Alimony, Asset Division, divorce, Equitable Distribution, Marital Property, Separate Property, Separation Agreement, Taxes