Separate break settlement easily

Aug 6th, 2022
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How to separate break settlement

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hey everybody how are you its Kara McDonald your favorite title lady with Potomac Title Group Services Im back again with another video blog this is episode number 58 and today I just wanted to talk briefly about split settlements I think that some people think that its not a good idea to do split settlements because if they have their seller go with their preferred Title Company the buyers Title Company might charge exorbitant fees to their seller now first of all we defend that we go back to the buyers Title Company when we see that happen and we tell them we will only allow you to charge X number of dollars for which is a reasonable fee for say a wire transfer we dont allow that to happen when we handle seller side closings and if it becomes a real problem we will offset our fees with any additional fees charged by the buyers title company and we as Potomac title cant do the transaction but we have an attorney affiliated with Potomac title that we run these transactions thr

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The value of any property that you acquired during your marriage and that you still have when you separate, must be divided equally between spouses. Property that was brought into your marriage is yours to keep, but any increases in the value of this property during the duration of marriage must be shared.
The amount of support ranges from 1.5 to 2 per cent of the difference between the spouses gross income amounts for each year of marriage or cohabitation, up to a maximum of 50 percent, (where 50 percent represents an equalization in income).
Both spouses have a 50% right to marital property, though the division of property is not always, as a practical matter, purely 50/50. Judges attempt to make the division of property equitable. Your divorce attorney will also attempt to help you retain the value of the property.
A wife in California can be entitled to up to half of the assets in the marriage along with up to 40% of their partners income for child support, spousal support, and primary child custody. What a wife is entitled to is determined by looking at the partners income, how long theyve been married, and other aspects.
The Court will normally consider a 50/50 split of the matrimonial assets when dealing with a long marriage following the yardstick of equality. With short marriages, capital contributions become more relevant in deciding how assets are divided in a divorce.
A Fair Share of Assets The longer you and your partner were married, the more likely it is that you have tons of intermingled marital assets that need to be separated and divided. If your marital assets include businesses, antiques, or real estate, ensure that you are getting a fair hand in the division.
When a couple are divorcing one of the toughest parts of separation can be deciding how their marital assets should be divided. It is a common misconception that the assets should be divided equally between the parties. However, this is not a rule but a mere starting point.
In terms of marriages in community of property, both spouses debt and liabilities will form part of the joint estate, irrespective if it was incurred before or during the marriage. Upon divorce, and in the absence of a settlement agreement, the assets and debts will be split 50/50 between the parties, he explains.

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