0
How long does a former spouse have to collect his personal property in equitable distribution at the residence of the former spouse?
Wiki User
∙ 12y ago
YOu need to check with your attorney. The time may be mentioned in the separation agreement of it may be governed by state law.
YOu need to check with your attorney. The time may be mentioned in the separation agreement of it may be governed by state law.
YOu need to check with your attorney. The time may be mentioned in the separation agreement of it may be governed by state law.
YOu need to check with your attorney. The time may be mentioned in the separation agreement of it may be governed by state law.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYOu need to check with your attorney. The time may be mentioned in the separation agreement of it may be governed by state law.
Add your answer:
Earn +20 pts
If Montana is not a community property state what is it?
Montana is an equitable distribution state.
Is Pennsylvania an equitable distribution state or a community property state?
No Pennsylvania is not a community property state. It does view all property gained over the course of a marriage to be eligible for equitable distribution however, no matter whose name the property is in.
If North Carolina is not a Community Property state then what is it?
North Carolina is an equitable distribution state. This means that all marital property is split in an equitable manner. This does not mean that it will be equally divided.
Is your personal property covered under a homeowners policy while in a storage facility?
In my opinion yes. As long as your personal property is stored in a location that is not a residence or could be considered a residence.
Information on property distribution after separation?
When a couple decides to divorce , one of the issues that will have to be addressed is the division of their property and debt. Generally, the court will resolve this in one of two ways: equitable distribution or community/separate property . Let's have a look at both. Equitable distribution is considered to be a fair (but not always equal) distribution of all the marital property and assets. Typically, the spouse with the higher income will receive a larger portion of the distribution based on the assumption that they contribution more financially to the union. Equitable distributions are used in all states except community property states. Community property or separate property. Separate property consists of property and assets that were acquired prior to the marriage as well as inheritances, personal injury awards and workers compensation, even if it was received during the marriage. Community property is any property and assets that were acquired during the marriage (with the few exceptions noted above) and is divided equally between the two parties. Arizona , California , Idaho , Louisiana , Nevada , New Mexico , Texas , Washington , Wisconsin and Puerto Rico are all community property states.
What is equitable distribution?
AnswerIt is the process used in the majority of US states to divide marital property. "Equitable distribution" is followed, meaning that the court attempts to distribute the property in a manner that is "fair and just". This doesn't necessarily mean that the property is distributed evenly, only that it is done in a way that is fair.To do this, the court will consider a variety of factors, including the parties' income, contributions to the marriage, the standard of living, and even the potential for future income after the divorce is final.Additional InformationIn an equitable distribution state property that is owned by either spouse is considered to be marital property and can be redistributed in order to make the distribution fair to each party according to their respective needs. You can read more about it at the link below.
In an equitable distribution state is an inheritance received during the marriage considered the sole property of the person that inherited it?
As long as the inheritance is kept separate and apart from the marital assets, an inheritance by one spouse is considered the sole property of the inheriting spouse in an equitable distribution state. If the inheritance is devoted to the so-called "marital pot" by co-mingling it with other assets, it loses its separate identity and becomes just another asset of the marriage subject to equitable distribution.
Is personal property insured if stolen from another residence?
doint know
How can a husband wife transfer be a fraudulent transfer in an equitable distribution state?
It can be fraudulent "Where jointly-held property is transferred for the purpose of defrauding creditors, the transferor may not then share in the value of the transferred asset for purposes of equitable distribution". Consult legal counsel for more information.
Is Iowa a community property state?
No, when it pertains to marital property, Indiana is an "equitable distribution" state. When it pertains to debts, both spouses have responsibility for debts jointly incurred during the marriage, solely incurred debts are the responsibility of the account holder spouse.
In non -community property states how is property transferred after a marriage ends in divorce?
This will depend on the laws in the jurisdiction in which the divorce is taking place. However, in many jurisdictions such as in New Jersey, property is divided according to a concept called "equitable distribution". This means that in the divorce action the court will look at the marital property and the history of the marriage and divide the property so that it is equitable to both parties. The major factor is the roles each spouse played in the marriage in acquiring the marital property. A woman who was the housewife of the husband who brought in all the money will still be entitled equitable distribution since her contributions to the marriage as a housewife were just as important as his as the main earner.
Is Massachusetts a Spousal State?
No, the state of Massachusetts is not considered a spousal state when it comes to dividing property in divorces. Instead, it is considered an equitable distribution state.
