Split signature settlement easily

Aug 6th, 2022
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How to split signature settlement

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hello there Im attorney Schott Eli Schafer from the asset protection and elder law center Im also the host of trust talk radio that airs every Sunday at ten am on 101.5 FM KOC i so listen to the show its great and a lot of fun and youll learn everything and related to estate planning so I wanted to continue the conversation of the probate court process and so specifically in this video I want to talk about how family members basically get involved in the probate administration so generally speaking lets say a parent has passed away and it was just one you know mom has already passed on and dad just recently passed away it didnt have a will or a trust and now the family members have to administer his estate sell his home get rid of the automobile pay off the creditors and whatever is left in the estate would be distributed to his rightful heirs in this scenario what happens is someone thats related to this elderly individual would the father would step in and say I want to act a

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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.
The starting point for splitting pensions should always be 50/50. Due to the way pensions are regarded in financial proceedings, you may not directly receive any of your ex-partners pension; this will be decided when you agree on how other money and assets are to be divided.
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.
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.
So, in theory, you should get half the value of your husbands pension as part of your divorce but it will depend on the factors named above and how you decide to split your marital assets as to how much you receive and whether you receive a share of the pension or other assets equal to that value.
The government will look at you as married, despite there being a legal separation on file. This means you cannot draw from your spouses Social Security until he or she decides to opt in.
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).

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