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If Montana is not a community property state what is it?
Montana is an equitable distribution state.
Is New York an equitable distribution state?
Yes, New York is an equitable distribution state when it comes to divorce laws. This means that marital property is divided fairly and equitably, but not necessarily equally, between spouses in the event of a divorce.
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.
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.
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.
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.
Differentiate equal distribution from equitable distribution?
Equitable refers to fairness. For example, an equal distrbution of marks in an exam would require that everyone got exactly the same score. An equitable distribution wold reflect the fact that some people gave better answers than others and so were more "deserving" of a higher mark.
What was the description of socialistic approach to the goal of equitable distribution of wealth?
The description of socialistic approach tot he goal of equitable distribution of wealth is the democratic process. The socialist's main concern with capitalism is that it creates economic inequality.
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.
A sentence with distribution in it?
The distribution of gifts happens at Christmas time
Is New York a community property state?
No. New York is an equitable distribution state when relating to marital property. The "CP" states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico Texas, Washington State and Wisconsin
What is the meaning of equitable?
Possessing or exhibiting equity; according to natural right or natural justice; marked by a due consideration for what is fair, unbiased, or impartial; just; as an equitable decision; an equitable distribution of an estate; equitable men., That can be sustained or made available or effective in a court of equity, or upon principles of equity jurisprudence; as, an equitable estate; equitable assets, assignment, mortgage, etc.
