Is a lawsuit settlement marital property?
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Is a lawsuit settlement marital property?
So, as long as a jury verdict or settlement from a lawsuit is recovered before your divorce decree is final, it can be considered a joint asset. If it’s after the divorce is final, then all the proceeds go to your spouse and it is considered part of his or her total assets.
What is the abandoned spouse rule?
Abandoned spouse rules allow a taxpayer who was abandoned by her spouse to file as head of household. Congress enacted these rules because otherwise the separated parent may be forced to use unfavorable tax rates if she must file married filing separately.
What is innocent spouse rule?
The innocent spouse rule is a provision of U.S. tax law, revised most recently in 1998, which allows a spouse to seek relief from penalties resulting from underpayment of tax by a spouse.
What is desertion marriage?
Desertion is not a withdrawal from a place, but from a state of things. It is the repudiation by one of all obligations of marriage. It is the abandonment of one spouse by the other without any reasonable cause and without consent of other.
What is unreasonable Behaviour in a marriage?
What is unreasonable behaviour? “Unreasonable behaviour” is the term used to describe the fact that a person has behaved in such a way that their partner/spouse cannot reasonably be expected to live with them.
