Dividing and Confirming Liabilities
Dividing and Confirming Liabilities – Just as a court has the authority to divide and confirm marital property, whether real or personal, it also has the say so in how spouses’ liabilities are divided and disposed of. This article will describe that process. But first, what are liabilities? Liabilities are…
Securing Liens on Personal Property – Part II
Securing Liens on Personal Property – Part II If you remember from our previous blog, a judge who has ordered you to pay your spouse a large amount of money that you cannot immediately pay can require that you put some of the personal property you still own on the…
Summary of Common Family Law Terms (Vol. VI)
Summary of Common Family Law Terms (Vol. VI) – We have discussed a great deal of family law terms over the last year or so. Now it is time to take a brief timeout to look back on a some of the more noteworthy concepts. I do this periodically because…
Transferring Securities – Personal Property Between Spouses
Transferring Securities – We have reached the end of our five-part blog conversation on the many rules divorcing spouses need to keep in mind when transferring ownership of differing types of property. If you’ve been following along, you know by now this process is not as simple as handing a…
Transferring Personal Property Between Spouses – Livestock
Transferring Personal Property Between Spouses – Livestock- In a continuation of our five-part blog conversation on the transfer of personal property between divorcing spouses, we are going to dive into what it takes to transfer ownership of livestock. But before we do that, let’s set the stage for those of…
Transferring Personal Property Between Spouses – Life Insurance
Transferring Personal Property Between Spouses – Life Insurance Transferring Life Insurance – This is the third installment of a five-part blog series on transferring personal property between divorcing spouses. The first blog discussed the steps involved in transferring ownership of financial instruments (i.e. bank accounts, etc.) while last week’s blog…
Transferring Personal Property Between Spouses – vehicles
As we discussed in last week’s blog, transferring personal property between divorcing spouses is not as simple as handing that property over to your spouse and walking away. Perhaps the property in question is in your name only, or in the name of both spouses. Maybe the property has a…
Transferring Personal Property Between Spouses – financial instruments
Transferring Personal Property Between Spouses – financial instruments When personal property is awarded to one spouse in a divorce decree, the answer is not always as simple as handing that property over to your former spouse and walking away. Perhaps the property in question is in your name only, or…
What’s The Difference Between Real And Personal Property?
What’s The Difference Between Real And Personal Property? When you search for the word “property” on the Internet, you’ll likely come across the terms real property and personal property. Understanding the differences between these two property types is important. Real Property When someone mentions real property, they’re talking about a…
What You Should Know About Separate Property
What You Should Know About Separate Property As we’ve learned from previous articles, separate property belongs to one spouse – meaning, it was obtained before the marriage existed, received through inheritance, or as a gift. There is no split ownership between the spouses, and a court cannot legally award what…