What is equitable division of property, and more importantly, what can it do for me? Well, by simply defining the terms, it’s pretty much what it sounds like. Divorce and marital property are one in the same; it’s just one gets paid and the other doesn’t.
Divorce happens when one spouse decides to end the marriage. What happens next is that marital property is divided equally, usually with each spouse receiving half. This is what is called marital property. This is not considered real property because it is transferred from one spouse to the other upon a future exchange of marriage vows. It can also be divided by a lawful property settlement, through a legal property settlement or through a court order.
If you want to learn about what is equitable, then you’re in the right place. I’m a divorce attorney in California and I’m very familiar with the topic. This is very important for the two of you to understand, because otherwise you could have some problems later on down the road. When you’re talking with your spouse about alimony and child support, for example, you need to be able to explain that to them in a clear and concise manner.
Of course, if you’re unable to do this, then your spouse has the option of going to court and obtaining a court order. A court order will specify what is equitable and will be the final word on the issue. So, you need to know what is equitable, because this will determine what is ordered and what happens in the event of a divorce. Without this information, your divorce lawyer may recommend a different approach to marital property distribution, which can lead to problems down the line.
Two things happen when you ask the question of what is equity. First, it’s important to know that each state has their own particular rules or laws regarding equity. Second, it’s important to realize that marital property is not divided equally. It really depends on the state, the circumstances, and what the marriage was designed for. If you and your spouse are unable to come to an agreement on what is marital property and who gets what, you and your spouse should hire a qualified divorce lawyer.
What is alimony then? Alimony is paid by one spouse to another in order to make payments that are consistent with what would be expected of them in a divorce situation. It doesn’t have to be a large sum; typically it’s less than half of the gross income of both spouses. What you do need to know is that alimony can be awarded for a specified period of time or for an indefinite period of time. Alimony is generally awarded to maintain the standard of living that was established during the marriage. However, there are some states that allow for an alimony payment to be based on each spouse’s current financial condition.
Now that you have the answers to the questions, “what is equity in a divorce lawyer? “, you need to know what to do about it. If you and your spouse cannot agree, then your divorce lawyer may be able to help you with setting up a prenuptial agreement or some other type of agreement. If you have children that are not married, your divorce lawyer can help set up a custody agreement or parenting plan. Whatever the case, you and your spouse should consult a divorce lawyer to go over all of your options and make sure that you have chosen the right course of action.
If you are looking for information on what is equity in a divorce lawyer, then you can find them in just about any local newspaper in your area. A quick online search will also give you results. For further details, your best bet is to speak to a divorce lawyer. They are often very knowledgeable about family law and are very good at helping you understand what you are entitled to as a divorced person. If you need more information before deciding which avenue to take, they will be glad to answer any questions you have.