The way that your assets are divided in your divorce will depend on the state that you are filing in. While some states distribute marital assets equitably, others recognize the legal theory of community property. If you are filing for a divorce in Rhode Island, your marital assets will be subject to equitable distribution.
In Rhode Island, marital property is not automatically divided 50-50 when a couple files for divorce. This is because the legal theory of community property is not recognized. Instead, equitable distribution is used to divide the property.
If you are going through a divorce, there will be many important processes that you will have to go through. For example, you may need to establish child custody, child support and alimony. In addition, you will need to divide all marital property, which can be a stressful task.
Different states have slightly varying rules when it comes to dividing assets in a divorce. Therefore, it is important that you understand the specific laws in the state that you are filing for divorce in. In Rhode Island, community property is not recognized. This essentially means that marital assets will not be subject to a 50/50 split during a divorce. Instead, many factors will be assessed by courts to establish an equitable and fair outcome.
You hear people talk about a lot of different options for the house when they get divorced. They own the home together so that the kids don't have to move. They try bird-nesting, where they actually share the home themselves. One spouse buys the house from the other.
If you are facing a divorce, you know that the way assets are divided will have a huge impact on your quality of life in the future. Therefore, it is vital that assets are divided fairly. Unfortunately, many divorcing spouses act without integrity during the divorce proceedings, and they often try to hide assets to prevent them from being divided fairly.
In states where the legal theory of community property is recognized, all marital assets in a divorce are divided equally between spouses. However, Rhode Island does not recognize community property, and therefore, the asset division process is significantly more complex.
If you are going through or contemplating a divorce here in Rhode Island, it is likely that property division will be one of the most important factors of the divorce. The way that property is divided can have a big impact on the quality of life that you are able to enjoy in the post-divorce future. This is why it is vital that you invest time in fighting for the property division outcome that you deserve.
When going through a divorce, two important factors are the calculation of alimony and the calculation of child support. These can have a big impact on the standard of living for both spouses after the divorce has been finalized.
When you are going through a divorce, you might envision that a finalized divorce will mean that you will be completely financially dependent on your spouse. However, this is not always the case. In circumstances where there is a large disparity between each spouse's prospective income, alimony, or spousal support, may be ordered.