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Does a prenup keep your income and home ownership separate during marriage?
Wiki User
∙ 16y ago
It can. A "prenup" can say just about what ever you want it to say...but the important part is that BOTH parties agree to the terms.
Wiki User
∙ 16y ago
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Can a spouse domiciled in Ohio keep separately earned income to oneself?
If the income resulted from property or an investment before the marriage occurred. Inheritances are considered separate property regardless of when they were conferred.
If your husband committed adultrey during the marriage how can you make him pay the debts you've accured during the marriage?
It depends, Are there kids involved? Who started the Debt Husband Vs Wife Income rate?
Is a spouse responsible for unpaid income taxes?
Usually both parties are responsible for tax debts during the marriage. A spouse might not be responsible for taxes owed before the marriage.
What is communative property?
Community property is generally anything that was acquired after marriage in a community property state. This can include the house you bought, cars, furniture, artwork, collectibles and even income that was earned during the marriage. Separate property on the other hand, is generally anything that was acquired prior to the marriage. Separate property can also include items or money received as an inheritance (even after the marriage).
If you owned your property prior to marriage will your ex be entitled to any part of it after a 6 month marriage?
No, community property refers only to that property that is gained during the marriage. However, if you use community property or income earned during the marriage to continue mortgage payments, to improve, etc, then a portion of it does become community property.
Do I have to pay capital gains tax on all investment income?
Of course, not all investments are tax exempt. Investment income is generated by either the income it produces during the ownership of the investment (e.g., interest, dividends, or rent) or the gain it produces when the investment is sold at an appreciated value.
Are welfare payments to low income families included in the national income?
Yes. "National income (NI) is the total income earned by the citizens of the national economy resulting from their ownership of resources used in the production of final goods and services during a given period of time, usually one year" ("Economic Definition of national").
Can the unemployed wife get spousal support if the marriage was less than 5 years in Wisconsin and the husband abandoned the marriage?
Not likely. * Wisconsin is a community property state. Therefore a spouse is entitled to an equal share of property, income and assets regardless if said spouse was employed during the marriage or how long the marriage lasted.
How do you claim your house if you have not worked?
There are expenses of home ownership that can be deducted on an income tax return. If you have no income to be taxed, you don't need any deductions.
Your husband owned a business prior to your marriage during the course of your marriage income from this business was co-mingled Do you have a claim to a portion of this income or increase in equity?
Chances that you have some claim are very good. But get an attorney and file right away so your husband can't pull something that will cause you to be excluded. It happens. Protect yourself.
What is an average income of a marriage?
good but u argue now and then
What is home ownership?
Many homeowners look forward to purchasing a second home that can be used for vacations, rental income, investment purposes or as a primary residence during retirement. Current tax laws offer several tax breaks that can help make second-home ownership more affordable
