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Video Guide on Property Settlements in Divorce management

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Commonly Asked Questions about Property Settlements in Divorce

Successfully Living Together During Divorce Be respectful of the other persons privacy. Decide together how the household will run. Have integrity and honor your word. Get everything in writing. Do not involve the children in the divorce.
Since each spouse has an equal share of community property, a judge will split all property down the middle. This can be in the form of selling and splitting the proceeds, assigning certain items to each spouse, or by allowing one spouse to buy out the other shares of the asset.
Collect several months worth of bills, including but not limited to, activities for children, clothing, gifts, hobbies, utilities, cable, Internet, cell phone, medical, daycare, pet care, car repair, lawn care, etc., to help determine an accurate figure for your average monthly expenses.
After the divorce is final, financial obligations between spouses may continue. One spouse may have to pay the other on a monthly basis for spousal maintenance or child support payment. Or, a spouse may be required to maintain insurance for the benefit of the former spouse.
So parties or the court will decide how to divide these assets up as equally as possible, in some cases forcing the sale of an asset and having the exes split the proceeds. So even in community property states, you wont lose half of everything you own at most, youll lose half of everything you and your spouse own.
Under divorce alimony rules no lump-sum settlement benchmark exists. Although it ranges from 1/5th to 1/3rd of the husbands net worth and is a one-time settlement. Below are some important factors that decide the quantum of Alimony under Hindu Law, and divorce maintenance rules.
Bill Gatess divorce in 2021 from Melinda Gates is the most expensive divorce with Melinda getting $76 billion. Jeff Bezoss divorce in 2019 from MacKenzie Bezos; is the second most expensive divorce with MacKenzie Bezos getting $38 billion ($45.3 billion inflation adjusted).
You list all the assets, and debts (debts should be divided as well) acquired during the marriage. Then you figure out the net value of the asset or debt. Then you start dividing the assets or debts and watch the total at the bottom. One spouse can take 100% of the house, while the 401K is divided 60% / 40%.