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What Will Happen With Property Division? There are two broad schemes for property division. In community property states , generally speaking, all property received during the marriage is split 50/50. Property acquired before the marriage and after separation is kept by the person who acquired it. In the other states, generally speaking, property acquired during the marriage is divided "fairly," according to local tradition and the judge's perception. In most of these states, property acquired before the marriage and after separation is kept by the person who acquired it. There are many exceptions, and we have much more to say about this on a state-by-state basis in the "Law" tab of the program. But, in marriages of 10 years or more, thinking about dividing all your property 50/50 -- even if only one spouse earned the money -- is often a good starting point. In shorter marriages, you might want to start at 50/50 if you feel that each of you contributed about equally to the assets you have. Or, if one spouse was the dominant bread-winner, that spouse might keep a greater share of the property. The "Law" tab of the program contains an extensive discussion of the laws of property division. Some legal strategists advise their clients to learn as much about their state's laws as possible, then get their spouse to agree to take less property than the state would require.
Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More... | ||||||||||||||||||||||||||
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