COVID-19 – SPOUSES – IF YOU SEPARATE RECENTLY BEFORE OR DURING THE PANDEMIC, BE CAREFUL! YOU MAY NOT HAVE TO PAY AS MUCH TO SETTLE PROPERTY – WHAT YOU NEED TO KNOW
When two married spouses separate, among other issues they must resolve, they must “equalize” their “net family property”, respectively. Basically, the spouse whose net worth increased more between the date of marriage and the date of separation must pay to the other spouse one-half of the difference in that increase over the other spouse, subject […]