More Website Templates @ TemplateMonster.com - January21, 2013!

Category Archives: Property Division

Waste of the Marital Estate Posted on August 16, 2011, by
When a spouse grossly misuses property of the marriage, to include cash or money earned by either of the spouses, this is termed “waste of the marital estate.” Examples of waste of the marital estate include, but are not limited to money spent on extramarital relationships or gambling.  Marital assets expended...
Extra-marital property Posted on August 4, 2011, by
The most common extra-marital asset or property that a spouse may receive  during the marriage is an inheritance from a spouse’s parent(s).  This asset is not treated as income like wages or other earnings earned during the marriage, in part, because the spouse did not receive the inheritance due to the...
Comingling of property in the marital estate Posted on July 28, 2011, by
The biggest difficulty in separating out each spouse’s property and/or debts from marital property, or the “marital estate,” is that most times spouses will commingle their property and/or debts during the marriage.  Unless a very clear accounting is kept making it clear that the intent of the spouses was to...
Premarital property Posted on July 25, 2011, by
Premarital property is that property that each spouse brings into the marriage, which is each their separate property and generally not considered part of the marital estate. As in all things legal, there are exceptions to the premarital property laws.  The biggest exceptions have to do with commingling of premarital...
Property Division Posted on July 22, 2011, by
General Rule: property division in divorce is generally done by gathering all the property obtained during the marriage and then dividing it equitably, which usually means equally. All the property obtained during the marriage is often called the “marital estate.”  The marital estate includes both assets and liabilities or, in...