Learn what a divorce decree means and how it finalizes a marital separation by outlining terms like asset division, alimony, and child support.
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...
What if they considered themselves married long before Illinois law did? 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 ...
Your home is usually your largest asset, and splitting it amid a divorce can be a headache. Unless protected by atrustor aprenuptial agreement, property accrued during a marriage is considered part of amarital estate, or joint property between spouses. This includes yourmortgage. ...
Organizing and listing all assets, both community and separate assets, is an important step to take in the beginning of the property division process. In a high-asset divorce, the division of a closely-held business can be one of the most complicated types of assets involved. Divorces involvin...
@logicfest -- not really. The only thing different about a divorce summons is that it is attached to a complaint for divorce. In the United States, most states use a very similar set of civil procedure rules. Those rules state that anyone who is sued has to be served with a summons ...
A capital gain, or capital loss, is the profit or loss from the sale of a “capital asset.” Any asset that isnotused in a taxpayer’s trade or business constitutes a capital asset. This means most of what you own (personal or investment property) can be considered a capital asset wit...
A lis pendens is often filed in divorce cases where the distribution ofreal estateproperties has not been settled. It is particularly common in cases where a property is listed in the name of one spouse, and the other spouse seeks a portion of the asset. The spouse whose name is on the ...
After being approved for an insurance policy, if your health improves later and you’ve made positive lifestyle changes, you can ask to be considered for a change in risk class. Even if it is found that you’re in poorer health than at the initial underwriting, your premiums will not go...
An engagement letter is drafted by the company rendering the service, often with the help of a lawyer. It is than presented to the client, and both parties must sign in order for it to be legally binding. Is an Engagement Letter the Same As a Contract?