Keep Your Assets Protected During Divorce
It's an unfortunate reality, that one of the key reasons to hire a divorce lawyer is to protect your assets during a divorce. Dealing with maintenance, property division, equitable distribution of earning ability... It's too easy to find yourself losing almost everything you own.
What is Equitable Distribution?
Equitable distribution is a term used to
describe the approach to dividing property
and assets during a divorce. Most states abide
by equitable distribution...
In most states divorce is noted as the termination of a marriage and stands as a decree by the court that a legitimate marriage is no longer in existence. If you stressing about getting a divorce and tired of being in an unhappy marriage. When a divorce is established, it leaves both parties at liberty to remarry if and when the opportunity should arise. A divorce also determines the separation of property as well as child custody and child support arrangements.
In cases of Annulment, the marriage never legally happened.
Although a divorce can be an emotional process, the majority of cases do not end up in a dispute trial. To ensure that a dispute trial does not occur, lawyers often assist during mediations between the two parties.
They do this to ensure that a fair solution is agreed upon by both sides. In order to receive approval of this agreed upon solution, the mediation process must be presented to a judge by the lawyers as well as the two parties involved. The court can make a decision for the parties, if they are unable to settle upon an agreement based on support, custody, and/or property.
With the help of an experienced divorce lawyer the two divorcing parties usually negotiate and settle upon areas including marital division of: Property, Child Custody, Spousal Support and Child Support.
In the case where neither the wife nor the husband blames the other for the collapse of their marriage, a no-fault divorce can be sought. All states now offer no-fault divorces, while 13 states consider no-fault as sufficient grounds for divorce. Approximately, thirty-nine states offer fault-based grounds for divorce which includes physical cruelty, desertion, adultery, and chronic drug use.
Most states, a threshold requirement of domicile or residency for at least one of the parties is required to attain a divorce. Domicile, is considered to be the state which an individual calls “home.” Residency refers to state in which an individual lives.
Although not all states, most do consider these terms parallel. In most states with residency requirements, a specified duration of time must be held in order for one too claim residency, which varies from state to state.
For those states that have no requirement concerning residency, a person can seek divorce upon arrival in the state.