Engagement Ring & Retirement
- Thread starter Chasey_Lane
- Start date
Elle
Happy Camper!
Chasey_Lane
Salt Life
kwillia
n/a
I FOUND THIS DEFINITIONSamSpade said:
Chasey_Lane
Salt Life
That hurt my eyes.kwillia said:
Chasey_Lane
Salt Life
K_JO, I hope you entered into a prenup so that there is no question about Eddie & Ruby.
Engagement: She breaks it or causes the break she returns ring.
He breaks it or causes it to break she keeps ring. She sells ring and takes a great vacation.
Retirement: 1) Calculate how much was earned during only the marriage.
2) Each is entitled to half of the amount calculated for each retirement fund.
3) If one has slightly more than the other, than the money exchanged is generally just the difference between the two accounts.
Parties may waive the right to retirement funds.
He breaks it or causes it to break she keeps ring. She sells ring and takes a great vacation.
Retirement: 1) Calculate how much was earned during only the marriage.
2) Each is entitled to half of the amount calculated for each retirement fund.
3) If one has slightly more than the other, than the money exchanged is generally just the difference between the two accounts.
Parties may waive the right to retirement funds.
morganj614
New Member
SamSpade said:
But did she get added to the mortgage? Anything before marriage is yours and anything bought during, is both of yours.
The uglier the divorce the less chance both parties will come to an agreement without 'legal assistance'.
Chasey_Lane
Salt Life
That doesn't matter. I tell day big doggy boy is mine if we ever split. His momma loves him more than daddy does.K_Jo said:
SamSpade
Well-Known Member
morganj614 said:
Yes she was. All of the costs for purchase however, were my own - points, closing, down payment.
I have no intention of divorcing. In my mind, the only way out of this marriage is death. I'm just curious. When I got married, a co-worker repeatedly suggested that any down payment I put down I should have clarified legally as belonging to me - so that if we should split, and I put say, a 100k down payment on the house with my own money before we got married -she could only claim part of the money accrued afterwards - which would be half the paid equity into the house, and half the value the house increased by.
kwillia
n/a
skip to the "use and possession of family property" in Maryland portionmorganj614 said:
Then keep reading... it says that "contributions by either party" would be considered when it comes to real estate.
kwillia
n/a
How do we distinguish between marital and non-non-marital property?
Very generally, here are the rules for determining what's Marital property and what isn't:
Marital property includes all earnings during marriage and everything acquired with those earnings. All debts incurred during marriage, unless the creditor was specifically looking to the separate property of one spouse for payment, are marital property debts.
Non-marital property of one spouse includes gifts and inheritances given just to that spouse, personal injury awards received by that spouse, and the proceeds of a pension that vested (that is, the pensioner became legally entitled to receive it) before marriage. Property purchased with the separate funds of a spouse remain that spouse's separate property. A business owned by one spouse before the marriage remains his or her separate property during the marriage, although a portion of it may be considered Marital property if the business increased in value during the marriage or both spouses worked at it.
Property purchased with a combination of separate and marital funds is part marital and part non-marital property, so long as a spouse is able to show that some separate funds were used. Non-marital property mixed together with marital property generally becomes marital property.
LINK
Very generally, here are the rules for determining what's Marital property and what isn't:
Marital property includes all earnings during marriage and everything acquired with those earnings. All debts incurred during marriage, unless the creditor was specifically looking to the separate property of one spouse for payment, are marital property debts.
Non-marital property of one spouse includes gifts and inheritances given just to that spouse, personal injury awards received by that spouse, and the proceeds of a pension that vested (that is, the pensioner became legally entitled to receive it) before marriage. Property purchased with the separate funds of a spouse remain that spouse's separate property. A business owned by one spouse before the marriage remains his or her separate property during the marriage, although a portion of it may be considered Marital property if the business increased in value during the marriage or both spouses worked at it.
Property purchased with a combination of separate and marital funds is part marital and part non-marital property, so long as a spouse is able to show that some separate funds were used. Non-marital property mixed together with marital property generally becomes marital property.
LINK