Your state’s laws may affect the outcome of your divorce settlement, which is why you should understand the difference between equitable distribution and community property. Many states follow the equitable distribution route, which means that the property acquired during your marriage belongs to the spouse who earned it. The court will determine many different factors,… Continue reading →
Posts Tagged ‘equitable distribution’
How are property and debt divided in a divorce?
It is common for a divorcing couple to decide about dividing their property and debts themselves (with or without the help of a neutral third party like a mediator), rather than leaving it to the judge. However, if a couple cannot agree, they can submit their property dispute to the court, which will use state… Continue reading →
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