It is likely that you and your spouseacquired many assets during your marriage. A home, cars, furniture, stocks and pensions are examples. In a divorce, these marital assets will need to be divided. In North Carolina, this division can be done in one of three ways: ...
As an example, the parties, during their marriage, decide to open a joint line of credit together. This joint line of credit is exclusively used for the expenses of the family. At the time of the parties’ separation, there is an outsta...
For example, consider a later-in-life union in which children from a previous marriage worry that their mother's new spouse could have a claim on the family's significant assets. (This is a common concern, especially if there's a large difference in wealth between the two people who plan...
in Florida, the determination of what is marital and what is non-marital assets would come into issue. For example, if the Husband earned that money long before the marriage, she would not necessarily be automatically entitled to ½ of ...
The length of a marriage is key in any divorce as it impacts property division. Also, the duration of the marriage has the biggest effect on spousal maintenance (aka alimony). For same-sex couples, this can be particularly complex due to the discrepancy between the actual relationship length ...
What Is NOT Considered Dissipation of the Marital Estate in a Divorce Case? Dissipation refers to the misuse or waste of marital assets for purposes unrelated to the marriage during an irretrievable breakdown. However, not every use of marital funds qualifies as dissipation. Actions that are ge...
Divorce Calculator Puts Price on Your Marriage; Online Guide to Splitting Assets Has Government ApprovalDaily Mail (London)
:an asset acquired by either spouse or both spouses during a marriage Note:Marital assets are generally subject to equitable distribution on divorce. —net assets :the excess of assets over liabilities called alsonet worth :admitted assets considered as a whole ...
leave your estate to your second wife and nothing to your kids, but she dies a few weeks after you die and her will names her children from a prior marriage as her sole beneficiaries, your children will inherit nothing from you. Obviously, this is not what you would have wanted to ...
Keeping things in the family � With no estate plan, your personal property and assets may wind up in the hands of a child�s spouse in the event or a divorce. Financial security � With no estate plan, your spouse or children may not be able to enjoy a secure financial future si...