How Long Does a Person Need to Be Married in Indiana to Get a Full Share of Assets in a Divorce? Indiana is a “one-pot” property division state, so the court will begin with a presumption that all property is marital property and that it should be divided equally. But this can be overcome and […]
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How is Property Divided In A Michigan Divorce
In Michigan, the marital property division follows the rule of “equitable distribution.” It’s important to note, this does not mean that the property needs to be divided down the middle in a 50/50 fashion. This simply means that there’s a presumption that the property will be fair and divided in an appropriate fashion with […]
Read more...Dividing property in an Indiana divorce
Indiana is an equitable property division state, meaning that the court will divide property in the way it sees as most fair, not necessarily equally. In many divorces, dividing property is the most difficult part of the process. In many cases, spouses cannot agree on how to divide their assets and debts, so they need […]
Read more...Do I Have To Pay Taxes On Alimony?
Do you have to pay income taxes on alimony you receive from a divorce? Like most legal questions, the answer is it depends. Alimony is not taxable income unless the former spouse paying alimony takes those payments off as a tax deduction. Alimony payments are an allowable deduction in the federal income tax code. But, […]
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