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.
Sometimes, assets that start out as separate property can transform into community property. In addition to complicating divorce negotiations, it can also cause conflict when property one spouse thought was "safe" is suddenly fair game to be split in half. Here are three of the most common situ...
“If mortgages were not properly transferred in the securitization process, then mortgage-backed securities would in fact not be backed by any mortgages whatsoever, [and] could cloud title to nearly every property in the United States.” It would ...
If your personality were a city in Washington state, which one(s) do you think you would be? If money were no object, which city in Washington state would you like to live? There is only one condition–the city HAS to be here in Washington. Would you mind blending in with the ...
Community property. This ownership arrangement is basically the same as with joint tenants with rights of survivorship, but it is uniquely available to married couples who live in Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington and Wisconsin. The assets are owned...
the developers was Dr. Doug Melton. In 2001, Melton had to cut his lab’s ties to Harvard University after President George W. Bush barred federal funding for research involving the destruction of embryos. Fortunately for humankind, private money was found to help Melton establish a separate ...
In a separate federal criminal case in Florida, Trump was accused of mishandling sensitive government records. The judge dismissed the case in July, ruling Smith had been unlawfully appointed special counsel by the attorney general. Smith has appealed the decision. ...
Property rights and obligations If one spouse enters into the marriage with his or her separate property, a well-drafted prenup might contain a provision outlining that maintenance costs post-divorce wouldn't fall on the individual without an ownership interest. Division of property Key to any good...
Can Individuals File Single If They Get Married in the Tax Year? No. The IRS doesn't allow a single individual as a single filer married as of the last day of the tax year for which a return is being prepared. Why Would a Couple File Separate Returns?
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.