Sentences with phrase «separation divides assets»

Not exact matches

For example, if the parties execute a separation agreement that resolves the manner in which certain financial assets will be divided, this matter will not need to be resolved during the divorce process.

However, you can start receiving child support and decide on how you would like to divide assets through a separation agreement.

In addition to the custodial and child support issues you'll face if you have kids, there could be very serious financial ramifications for you, because the court only divides assets and debts in the case of a divorce or separation.

These are essentially contracts that are negotiated prior to separation that spell out how property and assets may be divided in the event of a split.

But even though these states do not recognize legal separation, a separation agreement can still help organize what you and your spouse agree upon in terms of how assets and liabilities will be allocated, how child support and support claims will be arranged, and how property will be divided.

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What happens then upon separation and a financial dispute over how the assets are to be divided occurs?

The mechanism for financial provision on separation as set out in the legislation may not always be the way the parties would wish their assets to be divided between them.

A separation agreement is a legal contract that spells out exactly how the parties will divide all debts and assets.

If you are divorcing or separating, there will undoubtedly be many aspects of your lives that will need to be considered in the separation, as well as assets to be divided between you.

In a legal separation, the spouses divide the assets and liabilities, provide for the custody of children, and set up financial support payments, but remain married in the eyes of the law.

As well as offering this kind of experience our Aylesbury family mediation service can also make available a wide range of online resources including guides to help you sort out child maintenance and divide your assets on separation.

When spouses decide to end their relationship, they can either terminate their marriage through divorce or divide their assets with an action for separation, while leaving the marriage intact.

Sometimes referred to as a divorce agreement, property settlement agreement, a marital settlement agreement for divorce or separation is a legal contract which indicates how you intend to divide your assets and debts, as well as spousal support and / or child support.

Legal separation allows a couple to divide marital assets and liabilities, and if they have children, it allows the couple to obtain court orders for child custody, support and visitation.

When the marital community ends as a result of divorce or separation, the community assets (money and property) are divided between the spouses.

The process is somewhat similar to that of the divorce process in that the couple either requests the court to decide the terms of the legal separation, such as how assets will be divided or how child rearing and support responsibilities will be carried out.

Secondly, a separation agreement must address how the couple's property and assets will be divided, including both tangible and intangible assets, retirement accounts and other finances.

In an Arizona legal separation, your community property assets and debt are divided, child custody orders are entered, child support orders are issued, and alimony may be awarded.

Mr. Whitney's practice covers all areas of Family Law: Divorce, Child Custody, Child Support, Protecting and Dividing Marital Assets, Alimony, Separation Agreements and Domestic Violence Hearings.

Ideally, though, the decision whether to sell or not should be part of the entirety of the legal and financial planning that goes into how you will divide the marital property and assets, and how you will pay your ongoing expenses after separation and divorce.

A mediator will give you all the information need on Massachusetts divorce law, on your custody options, ways you can equitably divide your marital assets, and how to craft a separation agreement that will be approved by the judge and will serve your family's needs.

A skilled mediator can also guide you and your spouse through the process of dividing your assets and debts and reaching an agreement on alimony while you create your separation agreement.