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This would normally refer to financial assets, by which is meant such things as bank accounts, stocks and bonds, real estate such as a house that one or both of you own, and other valuable property such as cars, paintings, antiques, etc.
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∙ 14y ago
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Can you be sued for your husbands debt from before you were married?
In general, you are not responsible for your spouse's debts that were incurred before you were married. However, there may be exceptions depending on the laws in your state and if you live in a community property state where joint assets could be at risk. It is advisable to consult with a legal professional for specific guidance on your situation.
Can alimoney be claimed from the husband from the property he owned prior to the marriage or only from the earnings post marriage?
Assets acquired prior to marriage are usually protected from a divorce distribution.Assets acquired prior to marriage are usually protected from a divorce distribution.Assets acquired prior to marriage are usually protected from a divorce distribution.Assets acquired prior to marriage are usually protected from a divorce distribution.
Is a property owned prior to marriage likely to become part of the husbands assets?
Depending on the state laws all property owned by a husband at any point during their marriage, regardless of when it was purchased, could become part of the marital assets.
What is a prenuptial agreement?
A prenuptial agreement is written prior to marriage. It is an agreement by the people intending to marry about the divisions of property and spousal support if the pair end up deciding to divorce.
What has the author M Fafchamps written?
M. Fafchamps has written: 'Assets at marriage in rural Ethiopia'
What does a wife get after a divorce and the couple has one child?
What a wife gets as a result of divorce depends on the assets you share. Additionally, assets obtained during the marriage needs to be divided.
Does a trust created prior to marriage automatically get distributed to spouse not included in trust?
Generally, no. In fact, a properly drafted trust protects the assets of the trustor from their spouse. That type of arrangement is often used when a person has valuable assets, children from a first marriage and a new spouse. A trust removes the assets from their individual estate thereby circumventing inheritance laws.
Im in west virgina what can get in a divorce of 27 years of marriage?
Probably at least half of the marital assets.
What is the legal basis of marriage?
The legal basis of marriage is to give the two parties involved, control over assets, medical emergencies, children, and debts. Marriage also determines the relationship between extended family members.
Getting divorced after 15 years of marriage am I entitled to his assets?
I depends on the laws of distribution of marital assets for your state. You would be wise to contact a lawyer and fight for whatever you feel you have entitlement...and to what extent.
Is money earned from a portfolio of stocks owned before a marriage considered community property?
In community property states there are exceptions to the general rule that items are classified as community property. The following are the most common types of assets that are exceptions to the community property rule: * Assets acquired before marriage * Assets acquired as a personal gift * Assets acquired through inheritance So the stock portfolio and the income derived from it is separate property until you actively do something to make it community.
How can you settle your husbands estate when his children from a previous marriage keep putting claims in on the estate when there is nothing left but debt?
If there are no assets, simply show the court. No assets means no debts can be settled and the estate will be closed.
