Divorce is not merely the dissolution of a marital union; it also involves the division of shared assets. China follows a legal system of joint property ownership for married couples, meaning that unless otherwise agreed upon, property acquired during the marriage is considered jointly owned by bot...
The House Divided; When Couples Divorce, Household Furnishings Can Become Symbols of HeartacheNancy L. Ross
Most states hold that community property estate is terminated upon final decree ofdivorce or legal separation. Even if the individuals live separately from another (within a community property state) or have filed a petition for divorce, the individuals have not yet formally dissolved the marriage. ...
couples can avoid fighting over them. A prenup contract lists each spouse's property and assets and states how everything will be treated in the event of a divorce. A prenup may also outline how you will agree to split up financial assets. ...
the amount of retraining needed to make a spouse employable, the tax consequences of the asset distribution, and debt allocation. If the couple signed a prenuptial agreement or an agreement during the marriage, they have more control over how the property is divided. Additional aspects of an equ...
Generally, property distribution laws between parties in divorce vary from region to region, but they’re usually divided into two: community or non-community properties. Community propertiesrefer to those properties accumulated during the course of the marriage. Your rights to properties will...
What is a prenup? A prenup is a legal document you sign before you marry. It details how financial assets and responsibilities—real estate, investments, retirement benefits, and the like—will be divided in the event the marriage ends in divorce or death. It is not an indication that you...
Do you pay taxes when you sell a house? Understand how to calculate your taxable gain, including how to adjust for your home's cost basis, the impact of home improvements, and strategies to maximize your home-sale tax benefits under IRS rules.
1. Purpose of a QDRO: The primary purpose of a QDRO is to divide pension benefits between spouses during divorce proceedings. It outlines the specifics of how the benefits will be divided, including the amount or percentage allocated to each spouse and the method of distribution (lump sum, ...
You want to be able to view the foliage at its peak so when is the peak time for fall foliage in Massachusetts this fall? According to U.S. News & World Report for peak (or close to peak) fall foliage in 2024, plan to visit New England the first week of October. The article ...