What does Equitable mean in a divorce?
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What does Equitable mean in a divorce?
Equitable distribution is a legal theory whereby marital property is distributed equitably in a divorce proceeding. Property assets are classified as either separate property or marital property. Most US states follow the equitable distribution theory.
How is credit card debt divided in a divorce?
The basicsMost importantly, try to leave your marriage with no joint debt.Pay off the joint cards together or divide up the debt on joint cards and transfer it to cards in each partner’s name.Cancel all undiscussed joint credit cards.Clearly agree to who will pay off the debt on which cards.
Can I take my ex husband’s name off the mortgage?
Firstly, you will need to seek the consent of your home loan provider to take your ex-spouse’s name off the mortgage. With the help of the lawyer or conveyancer, you’ll then fill out a transfer title form. You can usually find this on the website of your applicable state or territory government department.
