What does Equitable mean in a divorce?

What does Equitable mean in a divorce?

Equitable distribution is the distribution of property and debt obligations used by courts in most states when dividing marital property during divorce proceedings. Equitable distribution does not mean \u201cequal\u201d division \u2013 it means \u201cfair\u201d division.

Which is better community property or equitable distribution?

Most states follow equitable distribution laws. In these states, property acquired during the marriage belongs to the spouse who earned it. In case of divorce, the property will be divided between the spouses in a fair and equitable manner. In a community property state, equal ownership also applies to debts.

How long do you have to be married to split 50 50?

After the first day of marriage, all property is marital property and may be divided 50/50. There is no minimum length of marriage that will guarantee a 50/50 division of anything.

Is it cheating if you’re separated?

If you are legally separated, you are not planning on saving the relationship you were in previously. Therefore, it is not cheating, because you aren’t being dishonest to a husband or significant other!

How long after separation is it OK to date?

Wait until your divorce or separation is final before you start dating. Even if you know your marriage is really, truly over, you still need to give yourself some time and space. “Although there’s no ‘magic’ time frame by which one is ready to date, I typically recommend that one wait about a year,” Jones says.

Does separation help or hurt a marriage?

Separation can be good for marriage depending on the circumstances of the couple. If both partners are willing to work through current problems, separation can be a great way to process individual issues before reuniting. With that said, about 80 percent of separations ultimately lead to divorce.