What is the meaning of irreconcilable differences?
What is the meaning of irreconcilable differences?
“Irreconcilable differences” technically means that an individual and their spouse cannot get along with one another enough to keep the marriage alive, and this lack of getting along can cause a whole array of other issues in the marriage.
Is Rhode Island community property state?
Rhode Island is not a so called community property state. Rhode Island is considered an equitable distribution state. This means a judge divides the marital assets, and marital debts, in accordance with equity, or fairness.
How is equity in a house divided in a divorce?
Option 1: Sell the house and split the proceeds The cleanest way to divide the home’s equity is to sell the house. Once the couple retire the mortgage debt, pay taxes and the sale-related expenses, they split the remaining money.
How does a judge decide who gets the house in a divorce?
In most divorces, the marital home is a couple’s biggest asset. If a judge determines that the marital home is one spouse’s separate property, the solution is simple: the spouse who owns it, gets it. It’s a lot more complicated when the family home is a marital asset.
How do you split the house in a divorce?
If you can agree on how to divide your property, you can:make an informal agreement.make a financial agreement. (link is external)get a consent order from the court.
