Hoping to help those who are in the dark about what is right and what is not, here is a collection of examples of different scenarios and what we think are fair divorce agreements. A divorce contract is used when two parties have already ruled on all matters, including the sharing of their property and time-sharing, care, control and support of children. This can be done before their marriage, through a marital agreement, or between the parties when they decide to divorce. Regardless of this, it is only used if the parties have agreed on all the issues and do not ask the court to intervene to « request an appeal ». Now it`s time to talk about money and who owns what assets and debts. Some will be common or « marital, » others will be personal or « separated. » In general, everything that belonged to or was owed to a spouse before the marriage remains his or her own separate fortune or debt. Everything that was acquired with marital funds during the marriage is marital property, even if only one spouse used the object. Only marital property and liabilities are subject to divorce. (Of course, the distinction is more complicated than that; read « Marital Property vs. Separate Property in Divorce » for more information.) Divorce and separation are generally a matter of state law, with different states having different laws that dictate the time and manner in which a divorce is concluded. There can be a big difference between a fair divorce system and a fair divorce system.
When negotiating your divorce plan, the result is based on many factors. The courts will take into account the standard of living and long-term needs of a spouse if you, the one going through the divorce, your divorce lawyer fight over what is « fair ». You should use a divorce contract if you know where your spouse is and if you are in contact with him or her; You and your spouse are negotiating your divorce and you want any desire for a property-sharing plan; You and your spouse have decided to divorce and you have already agreed on the distribution of assets and assets; or you and your spouse plan to meet with a lawyer and want to prepare for a property-sharing project.