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Division of Assets Illustrated, How Assets are Divided in Divorce
Divorce Division of Assets Illustrated
In a previous post, I addressed the process of identifying, categorizing and valuing assets prior to the assets’ being divided in an Arizona divorce case. This post will provide an example of how assets and debts could be divided in a hypothetical case.
Under A.R.S. §25-318, a judge in an Arizona divorce case is to divide assets equitably, “though not necessarily in kind . . . .” This phrase–“not necessarily in kind”–simply means that, while the overall division of assets and debts must be fair, or substantially equal, an Arizona judge is not required to equally divide each individual asset equally. Similarly, the judge is not required to liquidate all assets and divide the proceeds equally.
In the example I will use, the husband and wife have ...
published: 08 Dec 2015
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What you Need to Understand About the Medicaid Division of Assets
published: 21 Oct 2022
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Uncover the Secrets of Splitting Assets in Divorce!
The tax laws and different rules and regulations are vast when it comes to the division of assets during a separation or divorce. Although, a simple division of property seems to be easiest, very often tax inefficiency comes into play when couples try to take the easy, 50-50 approach.
Take the time to educate yourself and be sure to hire the appropriate professionals that will guide you not only from the legal standpoint, but also with respect to the financial and tax planning side when it comes to your upcoming separation agreement.
In this video Deanna visits with Tracy Kendel from Fairway Divorce Solutions to discuss some of the most important factors when considering the separation of assets and the planning of a separation agreement.
𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈 𝒕𝒉𝒊𝒔 𝒗𝒊𝒅𝒆𝒐. 𝑩𝒆 𝒔𝒖𝒓𝒆 𝒕𝒐...
published: 16 Jun 2017
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Division of Property and Assets
A detailed discussion of the division of assets and property when a marriage breaks down into separation and divorce.
published: 09 Mar 2011
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Division Of Assets and Property
Dividing marital property is often complex, particularly when dealing with joint bank accounts, RSPs, pensions, and of course the matrimonial home.
published: 20 Nov 2013
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Common Law Separation & Division of Assets
published: 26 Apr 2022
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Counsel's Corner: Cage & Miles Explain Division of Assets in Trusts
Counsel's Corner: Cage & Miles Explain Division of Assets in Trusts
published: 13 Dec 2019
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DIVISION OF ASSETS DURING DIVORCE
Elena E. Mazinani
Lawyer
WebSite :www.mazinanilaw.com
Phone No : 416-485 8545
Email : elena@mazinanilaw.com
Address : 225 Sheppard Av. West, Toronto
Follow Us
www.facelaw.co
info@facelaw.co
Facelw is Online Legal Directory Of Lawyers, Paralegals & Immigration Consultants in Canada & USA
published: 07 Feb 2022
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Reliance Shares Surged 13% In 2024. Market Expert Soni Patnaik Believe Momentum Will Continue.
#relianceindustrieslimited #SoniPatnayak #stockmarket #marketturbulence #InvestorAlert
Reliance Industries, a conglomerate with diverse interests including telecommunications and media, announces a merger with Disney India's streaming service division. The merger marks a significant strategic move aimed at consolidating resources and expertise in the rapidly evolving digital streaming industry. Under the merger agreement, Disney India's streaming assets, including content libraries, technology platforms, and distribution networks, will be integrated with Reliance's existing streaming platforms. This integration is expected to enhance the content offering and technological capabilities of Reliance's streaming services, potentially creating a formidable player in the competitive streaming m...
published: 29 Feb 2024
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Division of Matrimonial Assets by Rizuan Yasin Part 2
Disclaimer: The information contained within this video contains general information about the law and is not intended to constitute legal advice. Any person viewing should not act or refrain from acting, on the basis of any such information without first seeking appropriate legal advice.
published: 25 Mar 2022
2:26
Division of Assets Illustrated, How Assets are Divided in Divorce
Divorce Division of Assets Illustrated
In a previous post, I addressed the process of identifying, categorizing and valuing assets prior to the assets’ being d...
Divorce Division of Assets Illustrated
In a previous post, I addressed the process of identifying, categorizing and valuing assets prior to the assets’ being divided in an Arizona divorce case. This post will provide an example of how assets and debts could be divided in a hypothetical case.
Under A.R.S. §25-318, a judge in an Arizona divorce case is to divide assets equitably, “though not necessarily in kind . . . .” This phrase–“not necessarily in kind”–simply means that, while the overall division of assets and debts must be fair, or substantially equal, an Arizona judge is not required to equally divide each individual asset equally. Similarly, the judge is not required to liquidate all assets and divide the proceeds equally.
In the example I will use, the husband and wife have community property consisting of a house with $50,000 equity, a truck with $15,000 equity, a car with $20,000 equity, a boat worth $20,000, a 401(k) worth $100,000, and credit cards totaling $15,000. The table below illustrates one possible division of these assets and debts so that, at the “bottom line”, each party receives $95,000 net.
HUSBAND WIFE
Truck/Debt $15,000 House/Mortgage $50,000
Boat 20,000 Car/Debt 20,000
401(k) 65,000 401(k) 35,000
Credit Cards (5000) Credit Cards (10,000)
Total $95,000 Total $95,000
Note in this example that none of the assets needs to be liquidated. As long as the “bottom line” is equitable, or substantially equal, the division of the marital assets is valid under the law.
The example assumes, of course, that there is no premarital agreement dictating a division of assets other than that prescribed by Arizona community property law. Furthermore, although our example ignores tax consequences for simplicity’s sake, in the real world, the 401(k) dollars would need to be tax-effected before the division is calculated in order to achieve a truly “equitable” division of the assets.
Copyright © 2017 by Scoresby Family Law – J. Kyle Scoresby, P.C. All rights reserved.
https://wn.com/Division_Of_Assets_Illustrated,_How_Assets_Are_Divided_In_Divorce
Divorce Division of Assets Illustrated
In a previous post, I addressed the process of identifying, categorizing and valuing assets prior to the assets’ being divided in an Arizona divorce case. This post will provide an example of how assets and debts could be divided in a hypothetical case.
Under A.R.S. §25-318, a judge in an Arizona divorce case is to divide assets equitably, “though not necessarily in kind . . . .” This phrase–“not necessarily in kind”–simply means that, while the overall division of assets and debts must be fair, or substantially equal, an Arizona judge is not required to equally divide each individual asset equally. Similarly, the judge is not required to liquidate all assets and divide the proceeds equally.
In the example I will use, the husband and wife have community property consisting of a house with $50,000 equity, a truck with $15,000 equity, a car with $20,000 equity, a boat worth $20,000, a 401(k) worth $100,000, and credit cards totaling $15,000. The table below illustrates one possible division of these assets and debts so that, at the “bottom line”, each party receives $95,000 net.
HUSBAND WIFE
Truck/Debt $15,000 House/Mortgage $50,000
Boat 20,000 Car/Debt 20,000
401(k) 65,000 401(k) 35,000
Credit Cards (5000) Credit Cards (10,000)
Total $95,000 Total $95,000
Note in this example that none of the assets needs to be liquidated. As long as the “bottom line” is equitable, or substantially equal, the division of the marital assets is valid under the law.
The example assumes, of course, that there is no premarital agreement dictating a division of assets other than that prescribed by Arizona community property law. Furthermore, although our example ignores tax consequences for simplicity’s sake, in the real world, the 401(k) dollars would need to be tax-effected before the division is calculated in order to achieve a truly “equitable” division of the assets.
Copyright © 2017 by Scoresby Family Law – J. Kyle Scoresby, P.C. All rights reserved.
- published: 08 Dec 2015
- views: 29087
7:47
Uncover the Secrets of Splitting Assets in Divorce!
The tax laws and different rules and regulations are vast when it comes to the division of assets during a separation or divorce. Although, a simple division o...
The tax laws and different rules and regulations are vast when it comes to the division of assets during a separation or divorce. Although, a simple division of property seems to be easiest, very often tax inefficiency comes into play when couples try to take the easy, 50-50 approach.
Take the time to educate yourself and be sure to hire the appropriate professionals that will guide you not only from the legal standpoint, but also with respect to the financial and tax planning side when it comes to your upcoming separation agreement.
In this video Deanna visits with Tracy Kendel from Fairway Divorce Solutions to discuss some of the most important factors when considering the separation of assets and the planning of a separation agreement.
𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈 𝒕𝒉𝒊𝒔 𝒗𝒊𝒅𝒆𝒐. 𝑩𝒆 𝒔𝒖𝒓𝒆 𝒕𝒐 𝒔𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆 𝒕𝒐 𝒌𝒆𝒆𝒑 𝒖𝒑 𝒘𝒊𝒕𝒉 𝒐𝒖𝒓 𝒅𝒂𝒊𝒍𝒚 𝒗𝒊𝒅𝒆𝒐𝒔 𝒃𝒆𝒍𝒐𝒘:
► 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄 𝐇𝐄𝐑𝐄: 𝗵𝘁𝘁𝗽𝘀 https://www.youtube.com/channel/UCIstqTVJYHwiolPcyrJckQg?sub_confirmation=1
𝙁𝙞𝙣𝙙 𝙋𝙧𝙚𝙘𝙚𝙙𝙚𝙣𝙘𝙚 𝙋𝙧𝙞𝙫𝙖𝙩𝙚 𝙒𝙚𝙖𝙡𝙩𝙝 𝙝𝙚𝙧𝙚:
Website: https://www.precedencewealth.com/
Facebook: https://www.facebook.com/precedencewealth/
Twitter: https://twitter.com/PrecedencePW
LinkedIn: https://www.linkedin.com/company/3153807/admin/
Instagram: https://www.instagram.com/precedencewealth/
https://wn.com/Uncover_The_Secrets_Of_Splitting_Assets_In_Divorce
The tax laws and different rules and regulations are vast when it comes to the division of assets during a separation or divorce. Although, a simple division of property seems to be easiest, very often tax inefficiency comes into play when couples try to take the easy, 50-50 approach.
Take the time to educate yourself and be sure to hire the appropriate professionals that will guide you not only from the legal standpoint, but also with respect to the financial and tax planning side when it comes to your upcoming separation agreement.
In this video Deanna visits with Tracy Kendel from Fairway Divorce Solutions to discuss some of the most important factors when considering the separation of assets and the planning of a separation agreement.
𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈 𝒕𝒉𝒊𝒔 𝒗𝒊𝒅𝒆𝒐. 𝑩𝒆 𝒔𝒖𝒓𝒆 𝒕𝒐 𝒔𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆 𝒕𝒐 𝒌𝒆𝒆𝒑 𝒖𝒑 𝒘𝒊𝒕𝒉 𝒐𝒖𝒓 𝒅𝒂𝒊𝒍𝒚 𝒗𝒊𝒅𝒆𝒐𝒔 𝒃𝒆𝒍𝒐𝒘:
► 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄 𝐇𝐄𝐑𝐄: 𝗵𝘁𝘁𝗽𝘀 https://www.youtube.com/channel/UCIstqTVJYHwiolPcyrJckQg?sub_confirmation=1
𝙁𝙞𝙣𝙙 𝙋𝙧𝙚𝙘𝙚𝙙𝙚𝙣𝙘𝙚 𝙋𝙧𝙞𝙫𝙖𝙩𝙚 𝙒𝙚𝙖𝙡𝙩𝙝 𝙝𝙚𝙧𝙚:
Website: https://www.precedencewealth.com/
Facebook: https://www.facebook.com/precedencewealth/
Twitter: https://twitter.com/PrecedencePW
LinkedIn: https://www.linkedin.com/company/3153807/admin/
Instagram: https://www.instagram.com/precedencewealth/
- published: 16 Jun 2017
- views: 33420
2:01
Division of Property and Assets
A detailed discussion of the division of assets and property when a marriage breaks down into separation and divorce.
A detailed discussion of the division of assets and property when a marriage breaks down into separation and divorce.
https://wn.com/Division_Of_Property_And_Assets
A detailed discussion of the division of assets and property when a marriage breaks down into separation and divorce.
- published: 09 Mar 2011
- views: 1312
2:02
Division Of Assets and Property
Dividing marital property is often complex, particularly when dealing with joint bank accounts, RSPs, pensions, and of course the matrimonial home.
Dividing marital property is often complex, particularly when dealing with joint bank accounts, RSPs, pensions, and of course the matrimonial home.
https://wn.com/Division_Of_Assets_And_Property
Dividing marital property is often complex, particularly when dealing with joint bank accounts, RSPs, pensions, and of course the matrimonial home.
- published: 20 Nov 2013
- views: 430
6:32
DIVISION OF ASSETS DURING DIVORCE
Elena E. Mazinani
Lawyer
WebSite :www.mazinanilaw.com
Phone No : 416-485 8545
Email : elena@mazinanilaw.com
Address : 225 Sheppard Av. West, Toronto
Follow Us...
Elena E. Mazinani
Lawyer
WebSite :www.mazinanilaw.com
Phone No : 416-485 8545
Email : elena@mazinanilaw.com
Address : 225 Sheppard Av. West, Toronto
Follow Us
www.facelaw.co
info@facelaw.co
Facelw is Online Legal Directory Of Lawyers, Paralegals & Immigration Consultants in Canada & USA
https://wn.com/Division_Of_Assets_During_Divorce
Elena E. Mazinani
Lawyer
WebSite :www.mazinanilaw.com
Phone No : 416-485 8545
Email : elena@mazinanilaw.com
Address : 225 Sheppard Av. West, Toronto
Follow Us
www.facelaw.co
info@facelaw.co
Facelw is Online Legal Directory Of Lawyers, Paralegals & Immigration Consultants in Canada & USA
- published: 07 Feb 2022
- views: 2228
3:10
Reliance Shares Surged 13% In 2024. Market Expert Soni Patnaik Believe Momentum Will Continue.
#relianceindustrieslimited #SoniPatnayak #stockmarket #marketturbulence #InvestorAlert
Reliance Industries, a conglomerate with diverse interests including tel...
#relianceindustrieslimited #SoniPatnayak #stockmarket #marketturbulence #InvestorAlert
Reliance Industries, a conglomerate with diverse interests including telecommunications and media, announces a merger with Disney India's streaming service division. The merger marks a significant strategic move aimed at consolidating resources and expertise in the rapidly evolving digital streaming industry. Under the merger agreement, Disney India's streaming assets, including content libraries, technology platforms, and distribution networks, will be integrated with Reliance's existing streaming platforms. This integration is expected to enhance the content offering and technological capabilities of Reliance's streaming services, potentially creating a formidable player in the competitive streaming market. The merger is likely driven by the increasing demand for digital content consumption and the need for companies to scale up and innovate to stay competitive. Investors may view the merger positively, anticipating synergies and growth opportunities resulting from the combined strengths of Reliance and Disney India in the streaming space.
However, regulatory approvals and other procedural steps may be required before the merger is finalized, and potential challenges such as integration issues or market dynamics should be carefully evaluated. Overall, the merger between Reliance and Disney India's streaming division reflects the ongoing transformation and consolidation within the media and entertainment industry as companies adapt to changing consumer preferences and technological advancements.
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https://wn.com/Reliance_Shares_Surged_13_In_2024._Market_Expert_Soni_Patnaik_Believe_Momentum_Will_Continue.
#relianceindustrieslimited #SoniPatnayak #stockmarket #marketturbulence #InvestorAlert
Reliance Industries, a conglomerate with diverse interests including telecommunications and media, announces a merger with Disney India's streaming service division. The merger marks a significant strategic move aimed at consolidating resources and expertise in the rapidly evolving digital streaming industry. Under the merger agreement, Disney India's streaming assets, including content libraries, technology platforms, and distribution networks, will be integrated with Reliance's existing streaming platforms. This integration is expected to enhance the content offering and technological capabilities of Reliance's streaming services, potentially creating a formidable player in the competitive streaming market. The merger is likely driven by the increasing demand for digital content consumption and the need for companies to scale up and innovate to stay competitive. Investors may view the merger positively, anticipating synergies and growth opportunities resulting from the combined strengths of Reliance and Disney India in the streaming space.
However, regulatory approvals and other procedural steps may be required before the merger is finalized, and potential challenges such as integration issues or market dynamics should be carefully evaluated. Overall, the merger between Reliance and Disney India's streaming division reflects the ongoing transformation and consolidation within the media and entertainment industry as companies adapt to changing consumer preferences and technological advancements.
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: https://www.businesstoday.in
WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I
Facebook: https://www.facebook.com/BusinessToday
twitter: https://twitter.com/business_today
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- published: 29 Feb 2024
- views: 375
8:15
Division of Matrimonial Assets by Rizuan Yasin Part 2
Disclaimer: The information contained within this video contains general information about the law and is not intended to constitute legal advice. Any person vi...
Disclaimer: The information contained within this video contains general information about the law and is not intended to constitute legal advice. Any person viewing should not act or refrain from acting, on the basis of any such information without first seeking appropriate legal advice.
https://wn.com/Division_Of_Matrimonial_Assets_By_Rizuan_Yasin_Part_2
Disclaimer: The information contained within this video contains general information about the law and is not intended to constitute legal advice. Any person viewing should not act or refrain from acting, on the basis of any such information without first seeking appropriate legal advice.
- published: 25 Mar 2022
- views: 518