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date of separation.
There is good news for the lower-earning spouse who is worried about receiving her share of the 401k or pension. Thanks to ERISA, special rules exist and eliminate an ex-spouse from standing in the way of receipt.
So many of my clients have told me, “I get half of everything right?”, or “Everything we own is community property”. Well this is an often mistake that people believe in New York. New York is an equitable distribution state when dividing property during divorce. What does that mean?
cash, property and investments along with anything of value to a individual or business.
You would think some things would be simple in life. If you have been married a while it might seem obvious to you what needs to part of your marital settlement. Not so fast! There are a host of rules, and laws, that define what is considered to be “marital property” and subject to division between you and your soon-to-be ex.
A Prenuptial Agreement is essentially an agreement between two people who are planning to marry. The agreement typically has to do with how their assets will be distributed in the event of a divorce or death.
Each spouse shall be considered to have contributed equally to the production and acquisition of marital property. The laws of the State of Ohio require that the division of marital property must be equal, unless such a division would be inequitable. In such a situation, the court must divide the property equitably instead of equally.
What should we do with our house if we want to get a divorce?
the net proceeds of the sale of the family home, after deduction of estate agent’s and solicitor’s fees and paying off the remaining mortgage.
A summary of Connecticut property division laws, guidelines, and procedures.
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