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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.
Nebraska is an equitable distribution state. Division of assets and debts is to be fair, but not always equal. Most of the time, a court will order an even fifty-fifty division of marital property, with each spouse receiving a minimum of one-third of the estate.
In community property states, the court generally divides marital assets equally, regardless of each spouses employment status. However, in equitable distribution states, the division of assets will consider factors like the length of the marriage and each spouses contributions, which may not result in a 50/50 split.
Assets you had before marriage or those you inherited typically fall into this category. As long as you havent mixed these assets with marital property, they remain separate. For example, if one spouse inherited a valuable painting or received a large gift, the court generally wont divide these items.
A spouse who is concealing assets might start to control conversations around money, evade questions, and show a heightened sense of defensiveness. They might also begin to receive mail from banks or financial institutions that you were previously unaware of, potentially indicating the opening of new accounts.
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Assets that may be protected from equitable distribution during a divorce are typically belong to one of two types: premarital property that has been kept from being commingled or transitioned and gifts or inheritances.
A settlement agreement differs from a separation agreement as it sets the terms for the divorce, not the separation. A settlement agreement should address all central issues of the divorce. This can include things like division of marital assets and debts, child custody, and child support, as well as spousal support.

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