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A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
Division of property, also known as equitable distribution, is a division of property and debt between spouses when the marital relationship is ending. It may be done by agreement, through a property settlement , or by judicial decree.
Use of the payer’s property. Voluntary payments. If your divorce settlement was established on or before Dec. 31, 2018, alimony payments are fully tax deductible for the individual making the ...
The disposition of property, other marital assets, custody, alimony and support and the like are agreed to by the marital partners upon separation and the agreement later, usually, incorporated into the final divorce decree. Agreements that seek to affect the spouses' rights in a future divorce.
4. Other mortgage options after divorce. There are a few other mortgage options that may be worth considering amid a divorce. For instance, it is possible to keep the mortgage as-is, but this ...
The termination of legally recognized family relationships and ancillary matters, including divorce, annulment, property settlements, alimony, child custody and visitation, child support and alimony awards [2] Prenuptial and Postnuptial agreements; Adoption: proceedings to adopt a child and, in some cases, an adult. [3]
Divorce settlements can be extremely complicated. While it makes eminent sense to work with a financial advisor as you plan your finances for a divorce, there are several key areas that can hold ...
In the common law tradition, the law of domestic relations is a broad category that encompasses: . divorce;; property settlements;; alimony, spousal support, or other maintenance;
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