Division Of Assets In Divorce

The division of assets during a divorce could be quite difficult said an attorney from Holtz Law, especially if the couple has significant assets such as houses, pension/retirement plans, stock options, professional practices, and licenses. In fact, deciding who should get what isn’t an easy task even if the couple is ready to negotiate the division of assets. This article provides information on the process of dividing assets during a divorce.

The first thing is to know the difference between Separate and Marital properties. Image result for marital propertySeparate property includes any property that was owned by each spouse before marriage. It also includes an inheritance received by each spouse – either before or after marriage as well as a gift received by the husband or wife from a third-party. A separate property can lose its original status in case it is commingled with a marital property. For example, if you add your spouse as a co-owner of your separately owned condo, such a property will be considered a marital property after that. On the other hand, all the property acquired by the partners during the marriage fall under marital properties. It doesn’t matter who owns the property or how the property is titled.

Marital property may include all the assets acquired by either partner after the marriage. Such properties may include pension and retirement schemes, stock options, country club memberships, life insurance, brokerage accounts, bank accounts, mutual funds, professional practices & licenses, vehicles, and tax refunds. The laws related to separate and marital properties may differ depending on the state you reside. In fact, in some states, if your separately owned property increases in value during the marriage, the increase is regarded as a marital property.

Once you have an idea of separate property and marital property, you should know if you reside in an Equitable Distribution State or a Community Property State. In case you reside in a Community Property State, the courts will consider both partners of all marital property. A 50-50 split is the rule in such states. On the other hand, if you reside in an Equitable Distribution State, the settlements should be fair and equitable. But the settlement doesn’t need to be equal similar to a Community Property State.

The best thing is to hire a good divorce financial planner to sort out the property division issue. Make sure you work with a skilled and experienced divorce financial planner when dividing your assets during a divorce.

Where To Find Vehicle Towing Companies Online

Did you know it’s possible to find a towing company that can help you with your vehicle by searching on the web? Many people still gravitate toward the Yellow Pages, but when you are stranded on the side of the road, you can use your smart phone to get someone out to your location. There are people that have towing insurance, and they can call the toll-free number, or simply use the app that is available from the company. There are many ways to get vehicle towing services out to your location. Let’s discuss a few more of them collected from California Non Stop Towing.

Do Your Research before Accidents Occur

Image result for towing your vehicle to a local mechanicThere are going to be times when you are broken down, and you are not going to have service for the Internet. Even if you do have a smart phone, the only thing you may be able to do is call. If you don’t remember the number, if you did your research ahead of time, this is probably going to be at home. You can contact somebody at your house, have them call the number, and that company will dispatch someone out to you in a timely manner.

How Long Does It Typically Take For Them To Get Out To Your Location?

It’s not going to take very long to get out to wherever you are currently located. If you live in a major city, it will take less than an hour. The only time it could take longer than that is if they are extremely busy, or if you happen to be in a rural area. If you are fortunate enough to have cellular service, even if you are an hour away from a metropolitan area, they can send someone out relatively quickly. They may even contact other towing companies that will be more than happy to come out to your location.

Vehicle towing companies are numerous. You can always find them on the web. They can help you quickly get back on the road after towing your vehicle to a local mechanic. It could be as simple as you have a flat tire, or perhaps you need to have your battery jumpstarted. They will be able to determine what is wrong once they are there. Most of the tow truck drivers are aware of the problems that can happen with a multitude of vehicles. However, if you do need to be towed in, someone can be out in a reasonable amount of time so that you can have your vehicle subsequently repaired.

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