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Here are seven avoidable mistakes when it comes to splitting assets as part of a divorce. 1. Keeping the marital home when it’s not financially feasible ... asset but the tax implications of ...
By conducting an analysis of all accounts, investments and properties, a divorce financial advisor can help you avoid costly mistakes when dividing assets. Post-divorce, an advisor can help you ...
A broker price opinion (BPO) is an estimate of the property’s value prepared by a qualified real estate agent or a real estate broker. Often used to set a listing price, it assesses the home’s ...
Separate Property with Equitable Distribution: Under this system, when substantially more property acquired during a marriage is owned by one spouse (e.g. title to all marital property is held in the husband's name only), the courts will make an equitable distribution of the richer spouse's property at death or dissolution of the marriage.
The Uniform Marriage and Divorce Act §307 (UMDA §307) [3] also allows for the equitable distribution of property and lists factors the court should consider, e.g. "the duration of the marriage, and prior marriage of either party, antenuptial agreement of the parties [which is the same as a prenuptial agreement or premarital agreement], the ...
A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
How to split your IRA assets in a divorce Splitting an IRA in a divorce proceeding starts with understanding how much of the money in the account is marital property. For that, you'll need to know:
The Nebraska Nebraska Supreme Court, held that all issues must be resolved at the time of dissolution, and in Humphrey v. Humphrey, 214 Neb. 664, 340 N.W.2d 381 (1983) , concluded, "Whatever personal convenience a court may confer on parties by granting an immediate dissolution while retaining property jurisdiction cannot be worth the ...