What Is Equitable Distribution Of Property In Divorce?

0
3KB

 In terms of a divorce, Equitable distribution refers to a state's policy of dividing marital property according to spousal merit. In other words, instead of splitting property 50-50, the court will split the property according to what it thinks is most fair. To determine what is absolutely fair, the court will consider many factors that determine how much property each spouse contributed to the marriage.

Usually, the first factor considered is each spouse's individual income since these values are usually not equal. Courts may also consider one spouse's contribution as a homemaker, how long the marriage lasted, who will take care of the couple's children, domestic violence and adultery, one spouse's economic irresponsibility, and the separate property of each spouse.  

When taking these factors into consideration, the court may determine that one individual deserves a greater share of the marital property & assets than the other individual. It usually will not determine that one spouse deserves all of the property, but it may not determine that spouses are entitled to a 50-50 split. It is difficult to determine how a court will factor all of these considerations,
meaning that it is difficult to determine how equitable distribution will turn out.

In some cases, it may be favorable, while in others, it may be unfavorable. To avoid this uncertainty individuals are advised to agree on property division with their spouses before their divorce court hearing. In this way, both spouses can agree to a settlement that they feel best compensates them for their time in the marriage. Often, an experienced Property Division Lawyer can help you negotiate the most favorable settlement with your soon-to-be ex-spouse.

Family law disputes can be distressing & daunting. However, before taking on to divorce, order modification, child custody, or all other important legal matters, it would be smart & helpful to get the best legal advice. Contact the office of Fizer Law, the finest Property Division Lawyer in Long Beach, at 1~562~270~9944.

Pesquisar
Patrocinado
Categorias
Leia mais
Outro
5G IN DEFENSE market new entries, mergers and acquisitions, fundings, revenue, forecast from 2022-2028
The global 5G in Defense market observation summary offers information about the area,...
Por Vivek Saha 2022-06-22 11:01:15 0 2KB
Health
A Holistic Perspective: Understanding Competitive Dynamics and Delving into Insights on Cell Culture Media Market Share Evolution
Market Overview: The Cell Culture Media Market continues to witness substantial growth globally,...
Por Suzzen Sten 2024-05-16 07:05:30 0 834
Outro
Finding out the Elegance of Coffeeshop Ibiza
While in the soul of Ibiza, out of the pulsating beats of night clubs additionally the shimmering...
Por Alex Marks 2024-03-23 15:07:15 0 811
Shopping
Designer Jackets for Men at ScrollnShops
ScrollandShops.com - A trendy multi-designer online store in India. It houses multiple...
Por Ruchi SAS 2024-08-14 07:17:44 0 531
Health
Advanced Wound Therapy Devices Market Size Analysis, Emerging Technology, Sales Revenue 2027
The global advanced wound therapy devices market size is anticipated to touch a value of USD...
Por Nilesh Ghadge 2022-06-09 10:30:03 0 1KB