Tag Archives: asset division
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When a married couple divorces, the court goes through various steps in deciding how to divide their property. Before considering how to divide the jointly held property between a husband and wife, the court identifies the separate property that can be held apart from the mixed pile. Separate or nonmarital property is returned to respective… Read More »
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When a marriage ends, the aftermath is emotional as well as financial. If the parties cannot agree on the distribution of assets and debts, the court decides the issue based on equitable distribution. In this process, each party keeps their own separate property and the court divides marital property equitably. Under the legal theory of… Read More »