Family law is a broad term that covers a variety of civil cases that resolve conflicts within family units. The purpose of family law is to be sure that all parties involved are heard equally to arrive at the best possible outcome. Family cases can be emotionally charged and difficult because they involve litigants that are related, have built lives together, and, at some point, shared love with one another. While family courts encourage resolutions that take place outside of the courtroom, ultimately the court process will intervene if the parties cannot reach an amicable agreement. While there are many types of cases heard in family law courts, there are …Read More
What Does Division of Assets Mean?
When a couple decides that divorce or legal separation is the appropriate decision, their assets need to be distributed between them. The assets they may have could include various types of wealth, including possessions, vehicles, stocks, pensions, retirement funds, bank accounts, and real property, among others. What Is “Equitable” Distribution? When a couple’s assets are divided during the divorce, the distribution must be “equitable.” Equitable distribution can be confusing for anyone in the middle of a divorce. Legally, “equitable” isn’t the same as equal. One or both parties may expect their assets and debts to be split evenly in half, but this is not always the case and may not …Read More