Any real estate that was bought by you and your spouse is typically considered marital property and the assets of which are typically split 50-50 when you divorce. There are many ways that the assets in the home can be transferred or divided, and each can affect tax liability. You might ...
What is Usufruct? What Determines Property Value? What is a Separate Account? What is Marital Property? What is Community Property Law? What do Divorce Mediators do? Discussion Comments Share WiseGeek, in your inbox Our latest articles, guides, and more, delivered daily. ...
A physical address is the actual location of a property or residence, while a mailing address is the address where mail is received. As a business owner, the address you use in certain contexts matters.
In a community property state, all property acquired during a marriage is considered jointly owned and divided equally. For couples in these states, getting a prenup may be essential.
In the context of relationships, to separate can mean taking a break or living apart without legal changes to marital status. In contrast, to divide in this context often refers to the distribution of assets in the event of a legal separation or divorce. 6 In mathematics, separate could be...
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 ...
If you don’t want to change the amount of sex you’re having but he’s not happy in a sexless marriage, be prepared that you might have to decide that you can’t both be happy in a relationship together and you need to go your separate ways. ...
“legal separation” interchangeably, they are two different legal processes. The main difference is that with a legal separation, two people remain legally married. A divorce undoes a marriage. There are some cases where it will work in a couple’s favor to legally separate, but it will ...
Property acquired by either spouse during a marriage is considered marital property. But different states' laws determine how it can be divvied up in a divorce.
Secondly, a postnuptial agreement establishes terms that have been agreed to by both parties in the event of a separation. By agreeing to these terms in advance, both parties can avoid the time and cost of divorce proceedings. The disposition of property and other marital assets, custody,alimon...