Sentences with phrase «separate property if»

Under Michigan law, a court may award one spouse a just and reasonable share of the other spouse's separate property if the division of marital property alone will not provide sufficient support for the recipient and any children under their care.

If you don't give it some thought, however, you could end up sharing your separate property if your marriage ends.

California Family Code § 850 allows spouses to transform the property from separate property to community property, or from community property to separate property if they both consent — for example by recording a title change: this is called transmutation.

The court should confirm to each their sole and separate property if any.

Not exact matches

It is unclear if the final bill would expand state and local tax deductions beyond the limited $ 10,000 in property tax deductions proposed in the separate bills already passed by the House and Senate.

Prosecutors in Bharara's office filed court papers in two separate corruption cases giving notice that they were adding the pensions of two state senators, a city councilman and two other officials to the list of property subject to forfeiture if the officials are convicted.

This Star Trek — like feat is possible because of a phenomenon called entanglement, in which pairs of particles become linked in such a way that measuring a certain property of one instantly determines the same property for the other, even if separated by large distances.

If it is possible to separate the gravity and water - seeking behaviour of cucumber roots, we might be able to boost those water - seeking properties and grow cucumbers in drier conditions too.

Even when the particles are separated by great distances, the act of measuring the properties of one — spin, for instance, if the particle is an electron — immediately impacts the properties of the other.

A cobbled - together droid without an owner will certainly be a departure for fans of the Star Wars films, which have largely separated droids into various categories like Assassin, Astromech and Protocol, among many others, most of which are delineated into a sole purpose and are property of an owner — if not a faction to which they are allied.

Now, it doesn't matter if the property is separated into different residential units, or commercial and residential units, the same principles apply.

Even though your homeowners insurance policy covers both your dwelling and your personal property, you will likely need to file two separate claims for reimbursement if both have been damaged.

If you can accurately estimate your total household income for the year, and separate that into income from wages, contracting, and your wife's business, as well as your expenses for things like state and local income and property taxes, then you can make a very reasonable estimate about your total tax burden (including the self - employment taxes on your non-wage income) and then determine whether you are having enough tax withheld from your paycheck.

So in summary, I think you're saying I can't generate an income / expense report PER CHECKING ACCT (if I think of each property as a separate «checking acct»).

If you find yourself managing your parents» finances, keep your own money and property separate from theirs.

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.

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 partner includes income from his separate property on his own 1040 or a joint 1040 if they are married.

The cost isn't very different between the two options, but you'll want to look carefully at the coverage and you probably want to increase your personal property coverage along with adding the valuable items endorsement if you don't get a separate floater policy.

I am considering purchasing a rental property and wonder if it would be better to use TSM on my existing home mortgage to put the 50 % equity towards the purchase of the rental property (and thus tax deductible interest) or carry out TSM in the normal way to get tax deductible financing for an investment portfolio and then just take out a separate mortgage for the rental property (which will have tax deductible interest anyway).

If you are separated or divorced, have any history of financial difficulty, own a business or on title to other properties — or anything that could impact your current financial situation it is essential to share that information with your mortgage broker to ensure you can get pre-qualified for a mortgage.

Now they proposed that community property rules did NOT apply in ANY community property state and that husbands in community property states should be taxed 100 % on all income, even if the wife had her own separate earnings.

The same may be true for an individual who is a resident of the Coordinated Territory (although a resident of Guam is a U.S. citizen, they are afforded separate tax treatment if they are a «bona fide resident of the Territory») who could sell property located in the Coordinated Territory for income producing investment property located in the U.S.

However, if you live in a community property state, you must report half of all community income and all of your separate income on your return.

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.

There will be some very good deals to be had (especially if you're thinking of visiting expensive properties at peak times) but there will also be quite a lot of poor deals too — learn to separate the two and you'll do just fine.

I'll write a separate post once the new card product officially launches, but suffice it to say that I am sold that IF you fit the category of someone who stays 4 + nights at one property multiple times a year, this is a great card to have in your wallet even if you also carry the Reserve or other travel cardIF you fit the category of someone who stays 4 + nights at one property multiple times a year, this is a great card to have in your wallet even if you also carry the Reserve or other travel cardif you also carry the Reserve or other travel cards.

In other words, if you want to book more than one of their properties through their central reservation office (as opposed to making separate reservations / payments with each property), expect to chase up your enquiry with numerous emails and / or phone calls (Spanish required).

If you feel more like socializing, there's a separate lounge bar with two adjoining terraces and a Bose sound system or grab one of the property's mountain bikes and explore the area first hand.

LLCs limit your personal liability, provide the tax benefit of pass - through taxation, and help separate your rental properties if you own multiple properties.

That being said, one step spouses can take if they did not create a prenup is to keep non-marital property separate — that is, avoid commingling.

If the two types of property are mixed and it is no longer possible to trace which property is separate and which is marital, the property may have commingled, and all of it may be considered marital.

Separate property will not be divided, though it can be considered marital property if it is comingled.

Similarly, if a spouse has separate property such as a house or a business, it should be maintained with separate funds.

E. Order the equitable division of the community property and community debts of the parties and confirm to each their sole and separate property and debts, if any;

If this occurs during the marriage then it might be very hard to determine the extent and nature of your separate property.

If you own other property that you'd like to keep separate, it is important to note that in the Prenuptial Agreement, along with any plans for its» distribution if you pass away or divorcIf you own other property that you'd like to keep separate, it is important to note that in the Prenuptial Agreement, along with any plans for its» distribution if you pass away or divorcif you pass away or divorce.

The bottom line is that if you don't have a marriage license with the spouse from whom you're separating, you're going to need an experienced family law attorney in order to ensure your rights and property are protected.

If you are trying to separate from your spouse and to deal with corollary issues of support, property division, and child custody and access, but your spouse is withholding their consent to religious divorce in order to influence the separation process, you can apply to the courts to intervene.

In general, if a person receives an inheritance in his or her name only while married, that inheritance may be considered separate property.

If a spouse owned the house home prior to the marriage and didn't put the other spouse on title or otherwise mix up the ownership with jointly owned property, then it remains separate property and it is not subject to equitable distribution.

If you and your separating spouse agree on issues like child custody and property division, we can guide you through an uncontested divorce.

If a spouse was married with money already in a retirement account or a 401 (k), then that money is considered separate property and not included in the division.

For example, if one spouse has a trust fund that is separate property from their spouse, but then the payments of the trust fund, along with the wages of the other spouse, are put into a joint bank account, and that account is used to purchase property, that property would likely be considered entirely community property, even though some separate property funds were used to purchase it.

Property is separate if a spouse owned it before marriage or acquired it during marriage by gift or inheritance.

As you have been separated for 8 years it may now be too late for you to seek an equalization of net family property, if that is still an issue for you.

In addition, property which is acquired by a spouse after service of a petition for dissolution of marriage, legal separation, or annulment, is also the separate property of that spouse, if the petition results in a decree of dissolution of marriage, legal separation, or annulment.

As they will tell anyone who will listen there can be all the difference in the world on the law governing property disputes between separating couples if they are married and if they are not.

Both spouses need not be living in the home for the property to be a matrimonial home, especially if the spouses have recently separated.