Legal In a divorce its common for both you and your spouse to come to some sort of an agreement between yourselves regarding your property and debt that was incurred during your marriage. When you cant come to an agreement the Court may either decide who gets what or appoint a mediator to try to reach some sort of property agreement. There are several types of property settlements that can occur depending on what state you live in and the laws regarding property division in that state. Community Property In states such as Alaska, Texas, California, Arizona, Louisiana, New Mexico, Washington, Wisconsin, and Puerto Rico all property is considered to be owned equally by you and your spouse, or the separate property of you and your spouse. In a divorce case all the property is divided equally between you and your spouse but you each spouse can keep their own separate property. Separate property is considered in most states to be any personal property you owned before you were married. Equitable Distribution In most states that do not have community property laws, an equitable division of property will be ordered by the court. This means that all assets and earnings that occurred during the marriage will be divided fairly. However, in practice it is generally the higher earning spouse that gets to keep the majority of the assets of the marriage. Separate Property Separate property is generally considered to be owned by you or your spouse and could include gifts and inheritances. Any property purchased by you with your own personal money could also be considered separate property. Conclusion No matter which state you live in, if youre going through a divorce some sort of division of property is going to be necessary between you and your spouse. In order to protect your rights you should hire a well qualified divorce attorney who has a total understanding of the property division laws in your state. About the Author: By: Robert K. Sanders – Employers make plenty of mistakes and you cannot really blame them if they do not know everything about the employment law. Employing attorneys is certainly the best way to prevent this, but small enterprises don’t have the resour … By: Jake Winston – Employment law is a very complex part of the law because it is made up of various conditions that are meant to protect both the interests of staff and employers. It may help handle challenges like discrimination during employment, … By: Bobby Smith – Employment law is absolutely inclined towards the workers, but you must remember that this law also protects the employers, particularly from abusive employees. Well, some employers are in fact too easygoing with their workers. By: Alfred J. Jones – You can state that discrimination is taking place in plenty of businesses around the world and it’s not only between employees, but also with employers and workers. National origin discrimination is the most common issue of worker … By: Alfred J. Jones – Discrimination can be something you can feel, but it’ll be very hard for you to prove that you’re indeed being discriminated against, especially in the workplace. Some claims could be examples of discrimination, but you can’t simp … By: Robert K. Sanders – Employment law is quite complex because of the fact that it is composed of various conditions that are designed to protect the interest of the employees and employers. These laws are generally made to take care of different issues … By: Larry L. Wise – Discrimination could be experienced by lots of people, but it’s quite difficult to confirm that you have been discriminated against, particularly if you’re in the work place. Some statements could be examples of discrimination, bu … By: Larry L. Wise – Gender equality has been a major focus in today’s society because many women state that they can do a man’s work and vice versa. Gender discrimination is taking place nowadays and many employers are doing this. By: Michael Black – If you are going to hire an employment lawyer in NYC, practical experience will be an essential element to think about. You may claim that it is not really bad to employ new lawyers, but it’s always better if you could employ some … By: Hassan Elhais – The Court of Cassation reconfirmed the position that it is legal to request annulment of arbitration award if period mentioned for arbitration, through a court order or the arbitration agreement, has expired. However the court rul … 相关的主题文章: