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If the court orders your spouse to split their retirement account assets with you, you can roll the assets into a traditional individual retirement account to defer income tax and avoid a 10% ...
Alimony, also called aliment (Scotland), maintenance (England, Ireland, Northern Ireland, Wales, Canada, New Zealand), spousal support (U.S., Canada) and spouse maintenance (Australia), [1] is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce.
Whether you put money into a revocable trust or have an individual bank account, any way to separate your money from your partner’s is considered a generally safe way to protect it during a divorce.
On June 9, 2023, Texas' governor signed an Act into law creating a trial level business court, as well as the first appellate level business court in the United States. The new law became effective in September 2023. [6] [7] [8] On June 28, 2024, the Texas Supreme Court approved rules of procedure for the new Business Court. [9]
One of the most spectacular examples of this in recent memory was the 2011 Los Angeles Dodgers ownership dispute, in which Frank McCourt paid his ex-wife Jamie McCourt about $130 million to avoid a trial over whether the Los Angeles Dodgers were actually community property after the trial court ruled that the McCourts' prenuptial agreement was ...
“If it has been less than 60 days, you may be able to put the money back,” Zigmont said. “If it has been more than 60 days, your only option is to focus on saving more money into your 401(k ...
The settlement of the lawsuit defines legal requirements of the parties and is often put in force by an order of the court after a joint stipulation by the parties. In other situations (as where the claims have been satisfied by the payment of a certain sum of money), the plaintiff and defendant can simply file a notice that the case has been ...
If you obtained a joint mortgage with your ex, you’re both responsible for the debt, even after divorce. ... You’ll first use the money to pay off the mortgage. If your remaining balance is ...
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