Equitable distribution

Equitable Distribution: The fair, but not necessarily equal, division between former spouses of property acquired during the marriage.

EQUITABLE DISTRIBUTION: The division of property between the spouses, and usually only that property bought or acquired by one or both spouses during the marriage.
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FILING: giving the clerk of Court your legal papers.

equitable distribution - Legal principle under which earnings and assets acquired during marriage are divided equitably fairly at divorce.

equitable distribution : the distribution of marital assets by a court in a divorce action in accordance with statutory guidelines that are designed to produce a fair but not necessarily equal division of the property ...

equitable distribution: the power to distribute equitably upon divorce all property legally and beneficially acquired during marriage by husband and wife or either of them, whether legal title lies in their joint or individual names ...

EQUITABLE DISTRIBUTION: In a divorce, one of the ways in which property is divided. In states with equitable distribution systems, property acquired during a marriage is jointly owned by both spouses.

Equitable Distribution: The legal rules and procedures under North Carolina law for classifying, valuing and dividing marital property and debts.

Equitable Distribution
Equitable distribution gives a spouse a right to marital property only in conjunction with a dissolution of marriage.

It was oriented to the quality of life and the equitable distribution of power rather than to the political relations of states.

Non-Marital Property: Property considered by the courts to belong to one spouse or another and that which is not available for equitable distribution.
Nullity: A decree indicating that a marriage is null and void.
Overview ...

Appraisal: The procedure for determining the fair market value of an asset for equitable distribution in divorce.

" The trustee is, first and foremost, an officer of the court .... and the Court regards him as its officer, and he is to hold money in his hands upon trust for its equitable distribution among the creditors.

(n) Hotchpot is the process of collecting all related or connected properties together with a purpose of distributing them to the beneficiaries of the property. Hotchpot is used to represent equitable distribution of the property ...

that is traceable to separate property -- for example, cash from the sale of a vintage car owned by one spouse before marriage-and any property that the spouses agree is separate property. Compare community property and equitable distribution.

Community property laws exist in Arizona, California, Idaho, Nevada, New Mexico, Texas, Washington, and Wisconsin. In Alaska, couples can create community property by written agreement. (See also: separate property, equitable distribution) ...

See also: Equitable, Distribution, Law, Information, Court