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Continue reading → The post Michigan Divorce Laws appeared first on SmartAsset Blog. A marriage can end in divorce, but it doesn’t mean your finances have to take a hit. If you know the law ...
Learn more: 7 financial mistakes to avoid when splitting assets during a divorce Just like primary mortgages, home equity lines of credit (HELOCs) or home equity loans are typically considered ...
Ferguson, 639 So.2d 921 (Miss. 1994), [2] the court described equitable distribution of marital property at divorce as more fair, or equitable, than the separate property system. The court may consider such factors as "substantial contribution to the accumulation of the property, the market and emotional value of the assets, tax and other ...
The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. U.S. states with community property laws draw primarily from the marital property laws under the civil law of France and Spain. [10] Division of community property may take place by item by splitting all items or by values.
Palimony is the division of financial assets and real property on the termination of a personal live-in relationship wherein the parties are not legally married. The term "palimony" is not a legal or historical term, but rather a colloquial portmanteau of the words pal and alimony.
Here are seven avoidable mistakes when it comes to splitting assets as part of a divorce. 1. Keeping the marital home when it’s not financially feasible.
Community property (United States) also called community of property (South Africa) is a marital property regime whereby property acquired during a marriage is considered to be owned by both spouses and subject to division between them in the event of divorce. Conversely, property owned by one spouse before the marriage, along with gifts and ...
Regardless of where you live, it’s important to remember this: Generally, any assets or money accumulated during the marriage is considered “marital property” and therefore might be up for ...
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