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- Equitable Distribution is more flexible, but more difficult to tell the outcome because there are various factors taken into consideration during the settlement negotiations. In includes; age/physical and emotional health of both spouse; how long the couple were married; income or property brought to the marriage by either one of the spouses; standard of living while married or any written agreement made by the spouses before or during the marriage concerning property distribution. What each spouse made during the course of the marriage; the present value of the property on which the spouses lived; taxes for each spouse; a custodial parent to remain in the marriage home and keep possession of household effects; any debts and liabilities and that each spouse pay they debts. The courts may find more reasons before a decision is made.
What else can I help you with?
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.
If North Carolina is not a Community Property state then what is it?
North Carolina is an Equitable Distribution state when it comes to marital property division. This means that in the event of a divorce, assets and debts are divided fairly—but not necessarily equally—by the court. The court considers factors like the income, contributions, and needs of each spouse rather than splitting everything 50/50, as in Community Property states. If you're looking for information related to Compass Land Group, are you referring to real estate transactions, land ownership laws, or something else?
Why should you add your spouse's name to the house title that is only in your name?
If you live in a separate property state that would mean your spouse wants to keep that property separate from you. If your spouse dies that property would not automatically pass to you. It would pass to the heirs at law or according to the will. It may also be considered separate property in the case of a divorce and the distribution of marital property.
What are the legal implications of divorce on the division of marital property?
In divorce, the legal implications on the division of marital property depend on the laws of the specific state. Generally, marital property is divided equitably, which may not always mean equally. Factors such as the length of the marriage, contributions of each spouse, and financial circumstances are considered. It is important to consult with a lawyer to understand the laws in your state and how they may impact the division of marital property in your divorce.
In the State of KY if a married couple divorce is the wife entitled to 50 of the marital assets gained and acquired during the marriage?
No, the wife is entitled to what the court deems fair.
What might happen to a house that the husband bought during the marriage without the knowledge of his wife if the couple divorce?
Depends on what state the married couple resided in at the time of the purchase. If they resided in a community property state then the wife would have equal rights to the property or the value of such. If they did not reside in a CP state the wife might still have a monetary claim depending upon the dissolution of marriage laws. In non CP states married couples can hold property separately even when it is purchased during the marriage. This does not always mean, however, that a spouse would not be entitled to a portion of the property or a "trade off" of other marital assets to ensure an equitable distribution of such.
What does marital mean?
Marites is derived considered the Latin version of Mary, which comes form the Hebrew name Miriam. It is thought to mean "sea of sorrow" or possibly "lady of the sea."
If the mean is 40 in a normal distribution what is the median?
In a normal distribution, the mean, median, and mode are all equal. Therefore, if the mean is 40, the median is also 40. This property holds true for any normal distribution regardless of its specific values.
What does it mean to be equitable?
To be equitable means to be fair and just in your actions, decisions and treatment of others.
What does equitation mean?
in a equitable manner
What you mean by marital stats?
Marital status means, simply, whether or not you are married.
Is the UK an equitable society?
It is one of the more equitable society's of the world. try living in India for a while and you will see what I mean.
