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Taking the time to separate and evaluate assets and debts carefully ensures a fair resolution that accounts for each party’s financial situation post-divorce. Next steps. Dividing debt during a ...
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 ...
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 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.
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.
An unannotated edition of the MCL is published by the state of Michigan in print and online. [8] Unofficial, annotated versions are published by both West and LexisNexis. The West publication is Michigan Compiled Laws Annotated (MCLA); the LexisNexis version is the Michigan Compiled Laws Service (MCLS).
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Splitting equity in a divorce can be tough, both emotionally and financially. Whether you decide to sell the house, buy out the other party, or agree to own it together, each option comes with a ...