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As a general rule, a marriage which has lasted less than 5 years is considered to be a short term marriage. What does a short term divorce settlement look like? The general principle is that the matrimonial pot should be divided equally upon divorce. The starting point is a 50:50 split of the matrimonial pot.
After 10 or more years of marriage, an ex-spouse may collect benefits equal to half the benefits being paid to the other spouse, but this does not limit a court or parties from using one spouses social security payments to provide additional child or spousal support as part of a divorce in Michigan to the other spouse
If the wifes name is not on the deed, it doesnt matter. Its still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.
There is no law that says both spouses need to be listed on a mortgage. If your spouse isnt a co-borrower on your mortgage application, then your lender generally wont include their details when qualifying you for a loan. Depending on your spouses situation, this could be a good thing or a bad thing.
It depends on who is named on the mortgage. This is called joint and several liability. You are both responsible and liable for paying the mortgage. That doesnt mean you are both liable for half each though if one person doesnt pay their share, the other can still be held responsible for the whole mortgage.
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People also ask

Coercion, fraud, undue influence or lack of knowledge will void the terms of a separation agreement. A separation agreement is not proof of the parties separation. It is not required for a divorce in North Carolina, and it doesnt make a divorce in North Carolina easier or more difficult to obtain.
Sometimes people think if only one spouses name is on a property deed, the other spouse does not own the property or have any right to it. This is not true. Real estate is marital property if it was purchased or paid for during your marriage. It doesnt matter whose name is on the deed.
Although you and your spouse may decide between yourselves that your spouse will no longer be responsible for the mortgage, that agreement doesnt affect the lender. In other words, the mortgage lender can still come after your spouse for repayment unless and until you refinance in your own name alone.
A separation agreement must be entered into freely, fairly and voluntarily. If it can be proven that there were physical, verbal or psychological threats during the negotiating and signing of the terms, the agreement may be thrown out by the Courts.
It doesnt matter whose name is on the deed or whose name is on the mortgage. Nine times out of 10 what matters is when the house was purchased and with what type of funds it was purchased. So in your most typical example, a house is purchased during the marriage.

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