Divorce Law: How To Prepare For Divorce
In previous chapters of this website we have discussed how to prepare for divorce. At this time, I would like to introduce some divorce terminology that you might encounter during your preparation. Since I believe that the more educated individuals facing divorce are in the process and language, I consider this information priceless. It is my hope that after reading it, you will be able to better interpret the language of divorce law.
Tips on How to Prepare for Divorce:
Community Property: According to JT Spaulding Associates, community property is a rule of property division which equally divides all property acquired during the term of marriage. This rule is executed regardless of the name in which the property is held. In some jurisdictions, inheritances and gifts are exempt.
Contested Divorce: A contested divorce is one in which both parties are not in agreement as to the grounds for dissolution of marriage. In this case, one spouse is forced to sue another for divorce. Settlement terms such as child support, alimony and assumption of marital debts are likely to be included in such a suit.
Marital Assets: Marital assets refer to the property acquired during the course of a marriage. This property includes but is not limited to the marital home, cars, other real estate, stocks, bonds, pensions, and insurance. It is important to note that marital assets are assigned as such regardless of whose name the property/bills are registered.
The above definitions are just a few to help you get started. For a more complete list of terminology and/or for more tips on how to prepare for divorce, please access the link provided. This link will direct you to an excellent online divorce tips website where you can find suggestions, divorce law tips, as well as many helpful links.
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