Dividing the home equity in divorce can be handled many ways, depending on the individual circumstances of the parties involved. Before reaching an agreement, there are a number of important factors to consider. One key consideration is whether you live in a community property or equitable distribu...
In fact, they are complete opposites. Your home and the equity therein is considered an asset. The balance on your mortgage – a debt. Both conceptually and in reality; the process for dividing these two items in divorce is utterly different. They are different in terms of time involved, ...
There are situations where you live together, but not married. Cohabitation is a common fact the divorce courts face. When you are unmarried cohabitants the court may split the equity in the house even if your name is not on the deed. In Nevada this is calledcommunity property by analogy....
Equal division of the home between the spouses is one way of providing for equity in divorce settlements. Differences in factors affecting award of the home to the wife before and after the 1974 Act were examined using data collected from Ohio divorce records in 1973 and 1985. Weighted linear...
An alternative strategy when co-owning after divorce is to request a deferred distribution. A deferred distribution is when the court agrees to divide up the equity in your house at a later date. This option still provides stability for any children in the home, with orders not to sell the...
If you’re looking for a lawyer who can meet your unique goals and needs with “equitas” (Latin for justice, fairness, and equity), look no further than a general practice attorney. Plus, if your legal issues span several areas of law practice, it’s comforting to know that one general...
Generally, the heir(s) have the option of continuing the home equity sharing agreement or concluding it — either by selling the property or paying back the company’s share in some other way. In the case of divorce, the options for shared equity agreements and the marital home are typicall...
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Sign up with one click: Facebook Twitter Google Share on Facebook matrimonial home the residence in which a husband and wife have lived together. In theUKlegislation exists to protect spouses who are not the owner of the matrimonial home or who own it with their spouse, from the unimpeded ...
Do I need to prepare a retirement QDRO before or after my divorce is finalized? My wife and I are legally separated. The stipulated agreement said we would sell our home and split the equity. We have reduced the price twice and have no offers. The price is low enough now that it makes...