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Despite being generally considered a liberal state, New York has a history of being conservative on issues regarding marriage; it was the last state in the country to allow no-fault divorce and still maintains a (seldom enforced) law against adultery (Penal Law § 255.17). Until 1966, adultery was the only ground of divorce; cruelty, a ground ...
Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...
Matrimonial regimes, or marital property systems, are systems of property ownership between spouses providing for the creation or absence of a marital estate and if created, what properties are included in that estate, how and by whom it is managed, and how it will be divided and inherited at the end of the marriage.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
[23] New York expanded its statute in 1860, [20] with the Married Women's Earnings Act. [15] It then repealed parts of its legislation in 1862, eliminating a married woman's right to guardianship of her children and the right of a widow to manage her late husband's estate. [17] As of 1860, 14 states had passed some version of this statute. [24]
New York- Obtaining palimony in New York is a "daunting task". Also, "oral contracts that are vague or indefinite will not pass muster." [74] But another legal website states that if there was an "oral agreement," there may still be a case. [75] North Carolina will generally enforce "implied contracts" between unmarried couples. [76]
A joint tenancy or joint tenancy with right of survivorship (JTWROS) is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. The deceased owner's interest in the ...
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