If a spouse cannot agree on how to split their jointly owned property, the property division issue is brought before the court. Divorce and property division rules differ based on where you reside. Property division in California is decided by the court on the basis of equitable distribution.   In legal terminology, "property" refers to anything possessed jointly in a marriage, including,...

Divorce processes are frequently unpleasant and emotionally draining for both parties. A couple that has created a life together will surely have difficulty selecting who gets what, making property partition one of the most contentious problems during divorce procedures. The procedure is difficult, and conflicts over minor aspects of property split can quickly turn acrimonious.   The...

It is difficult for a divorced spouse to share an automobile equitably. Their home cannot be divided in half. As a result, the concept of "equal partition of property" is not fixed. Many couples choose to sign a "marital property agreement" to specify how tangible property would be split in the possibility of a divorce or the death of a spouse.   The legal "property" of a spouse comprises...

After getting married, many couples decide to merge their money. There are various advantages for the pair in doing so. Increased interest rates on larger sums of money saved might be critical to a couple's financial future.   Furthermore, a couple may desire to make purchases that are larger than what they can do alone. They are more likely to get a loan if they have two salaries. Paying...

If you want to keep your hard-earned money and other assets, you must win your divorce case against your soon-to-be-ex. It's not enjoyable to see your entire life's wages go into your ex's pocket.   To come out on top in your divorce, you must be well prepared. Courtrooms and judges like people who come prepared, and doing so can put you many steps ahead of your ex.   You should learn...

Divorce processes are frequently unpleasant and emotionally draining for both parties. A couple that has created a life together will surely have difficulty selecting who gets what, making property partition one of the most contentious problems during divorce procedures. The procedure is difficult, and conflicts over minor aspects of property split can quickly turn acrimonious.    The...

Both parties must make several decisions and arrangements during the divorce process. These judgments can have long-term and far-reaching consequences in a divorce procedure. No decision should be made lightly, especially when it comes to appropriately dividing a couple's common property.   It's unreasonable to expect someone who isn't familiar with legal procedures to understand how...

Due to the obvious massive number of items that must be split between spouses, property division is among the most complicated aspects of a divorce. It may take a long time to reach an agreement that both parties believe is fair and equitable, the two guiding principles on which property division agreements are based. With that in mind - it might be useful to grasp the fundamentals of property...

Divorce often brings financial anxiety as well as the loss of your lifestyle as you knew it. This anxiety is completely understandable. Divorce often results in the loss of significant wealth, as well as an increase in responsibility for the marital debt, which perhaps you did not incur. If you face divorce, a visit to a divorce law office can provide effective legal help in protecting your...

A Marital Division of Property Agreement is very similar to a prenuptial agreement. However, this type of agreement can be signed both before and during a divorce. This legally binding agreement establishes the division of marital property in the event a couple decides to divorce or after the death of one of the spouses.   The assets that this arrangement refers to include both joint...