Link size in the Divorce Agreement

Aug 6th, 2022
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How to link size in the Divorce Agreement

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so we do family law here at Marla and family law lasts a long time your divorce may take anywhere between nine and twelve months but you have a child with a person for 18 years or more if theres more than one child so its very rare that a court order is going to satisfy the needs of the parties and the children forever thus the need to modify you may need to modify the child support we may need to modify parenting time arrangements we may need to modify certain aspects of the parenting plan but not all of them so all of these are reasons that you might go back to court and ask for a change and thats what the petition for modification is now there are certain time frames you cant go back and modify every three months there has to be usually some sort of change that has affected the parties before you ask for modification there are of course exceptions if youre ever in an emergency situation if theres ever something really major going on then our time bar isnt there and we can go

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Equity Compensation As an Asset to Be Divided. Under California law there is a general community property presumption that all assets acquired from the date of marriage until the date of separation are community property and shall be divided equally upon divorce.
Many couples, especially those with two incomes, often have no choice but to sell their homes, pay off their loans and split the remaining money. Others opt to let one partner keep the property, often through a deed transfer and a reassignment or refinancing of the mortgage.
Does It Matter Whose Name Is on the Mortgage in a Divorce? While the name on the mortgage can influence who is responsible for the debt, it doesnt necessarily dictate how the property is divided.
In community property states like California, marital assets and debts are typically split 50/50 between the spouses, unless they decide on a different arrangement.
Dividing assets in a divorce can become complex when a family business and shares are involved. Options include an amicable split, retaining shares as a sleeping director, buyout, selling shares to a different director, selling the business, or letting the courts decide.
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%.
Because community property is split equally in a California divorce, the spouse whos buying out the house will need to pay the other spouse 50% of the equity (or $200,000 in the above example), plus any reimbursements for the other spouses separate property contributions.

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