When dividing marital property What do judge usually consider?
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When dividing marital property What do judge usually consider?
Marital property includes both assets and debts. Based on this theory, a judge will split your property 50-50 unless such a split would be inequitable or unfair. When a judge assesses the fairness of a split, they consider a series of factors, some of which are: Each spouse's income, debts, and property.
How does separate property become marital property?
Transmutation is a term used in family law to describe property that has been transformed from a party's separate property into marital property. A spouse's separate property includes all property he or she owned prior to the marriage, acquired by gift from a third-party during the marriage, or received by inheritance.
How long you have to be married to get half of everything?
Divorce After 10 Years of Marriage The amount of spousal support is not equal to half of the paying spouse's wages. It is instead determined based on each spouse's income and living expenses and a host of other factors. Click here to read more about spousal support in California.
