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In dividing shared assets during a divorce, ... In some cases, a qualified domestic relations order will be put in place to govern the division of these assets with the non-account-holding spouse ...
Dividing debt during a divorce can be as challenging as separating assets, and it requires a clear understanding of state laws, the nature of the debt and each spouse’s financial situation.
Continue reading → The post Michigan Divorce Laws appeared first on SmartAsset Blog. If you know the law and are careful, you can escape your divorce without having to start over financially in ...
The Uniform Marriage and Divorce Act §307 (UMDA §307) [3] also allows for the equitable distribution of property and lists factors the court should consider, e.g. "the duration of the marriage, and prior marriage of either party, antenuptial agreement of the parties [which is the same as a prenuptial agreement or premarital agreement], the ...
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 ...
In the United States, marriage and divorce fall under the jurisdiction of state governments, not the federal government. Although such matters are usually ancillary or consequential to the dissolution of the marriage, divorce may also involve issues of spousal support, child custody, child support, distribution of property and division of debt.
By conducting an analysis of all accounts, investments and properties, a divorce financial advisor can help you avoid costly mistakes when dividing assets. Post-divorce, an advisor can help you ...
Michigan law, Mich. Ct. R. 3.211(B)(3) (1998) directs that a judgment of divorce must include a determination of the parties' property rights. The New Jersey Supreme Court , in Frankel v. Frankel, 274 N.J. Super. 585, 644 A.2d 1132 (App. Div. 1994) , prohibits bifurcation except in the most unusual and extenuating circumstances.
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