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The Rocky actor, 76, denied allegations made by Flavin, 54, that he “engaged in the intentional dissipation, depletion and/or waste of marital assets which has had an adverse economic impact on ...
State laws typically require spouses to exchange detailed information about their financial assets. As part of the discovery process, a spouse could even hire a forensic accountant who specializes ...
Under a community property regime, depending on the jurisdiction, property owned by one spouse before marriage, and gifts and inheritances received during marriage, are treated as that spouse's separate property in the event of divorce. All other property acquired during the marriage is treated as community property and is subject to division ...
A spouse who has made non-tangible contributions may claim an equitable interest in the marital property at divorce. 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 ...
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.
The advantage in transferring the assets to a friend is that when I am legally obligated to report marital assets, these transferred assets are not technically part of our marital property. 3 ...
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 ...
Here are some key estate planning tips for those in Florida to consider: Create a last will and testament: A will is the cornerstone of any estate plan, allowing you to specify who will inherit ...