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The document is a Separation Agreement for married couples in Nebraska without children, outlining the terms of their separation and property settlement prior to divorce. It details the responsibilities regarding assets, debts, and mutual waivers of alimony, emphasizing that both parties have had the opportunity to consult with an attorney. The agreement is intended to be legally binding upon court approval and includes provisions for future earnings, indemnity, and enforcement.

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Who gets what in a divorce in Nebraska?

If it is equitable and reasonable, the court could give you 90% of the marital property and leave your spouse with the other 10%. Although thats possible, most of the time the court will award a spouse one-third to one-half of the marital property to achieve an equitable result.

How to split assets in a divorce in Nebraska?

The division of property is governed by state law, and Nebraska follows the principles of equitable distribution. While in most cases, courts generally try to divide the net marital estate close to 50/50, do not confuse equitable with equal. Equitable means fair, not equal.

What is a marital interest in property in Nebraska?

Generally, all property accumulated and acquired by either spouse during a marriage is part of the marital estate. Exceptions include property that a spouse acquired before the marriage, or by gift or inheritance.

Is Nebraska a 50/50 divorce state?

Marital property includes real estate and other property a couple buys together during their marriage, such as a home or investment property, cars, boats, furniture, or artwork, when not acquired by either as separate property.

How is a 401k divided in a divorce in Nebraska?

Retirement assets which could include 401(k)s, IRAs, and pensions are divided in the same manner as all assets in Nebraska, which means that anything that was accumulated during a marriage would be divided equally.

What does marital and non-marital mean?

Marital assets are acquired during the marriage and typically split equally, while non-marital assets are owned before the marriage and may not be subject to division unless needed to meet a spouses needs.

How is debt split in a divorce in Nebraska?

Nebraska follows equitable distribution laws, meaning marital debts and assets are divided fairly, though not always equally. When determining who is responsible for debt, courts consider factors such as each spouses income, financial contributions, and future earning potential.

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