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Asset Division Archives

IS RHODE ISLAND AND EQUITABLE DISTRIBUTION OR COMMUNITY PROPERTY STATE?

When couples go through a divorce, they will need to divide their assets and property. The way property is divided can vary from state to state. If you are going through a divorce, you will need to understand your state's laws and how they will affect your divorce. There are two methods of division: equitable distribution and community property. Some states observe community property, but most states follow equitable distribution.

HOW TO PREPARE FOR A DIVORCE

Before a divorce can occur, a couple has to prepare for one. Dividing two lives can be an involved process that takes considerable amounts of information, negotiation, and financial resources, so it is best to approach your divorce with a plan.

CHINESE TYCOON TO GIVE EX-WIFE $1+ BILLION IN DIVORCE SETTLEMENT

Most of us cringe when thinking about the prospect of dividing your marital assets with an ex-spouse. Who gets what and why? The process is too important to overlook but can be a painful headache if handled incorrectly. But few divorces can compare to a settlement recently announced in Chinese headlines.

A BREAKDOWN OF THE RHODE ISLAND DIVORCE PROCESS

Divorce can be an incredibly complicated and emotional endeavor. As your family is thrust in to the Rhode Island Family Court system, it can be confusing to know what to expect during the associated legal processes. To help you make sense of what is to come, our firm has broken down the Rhode Island divorce process into a simple to use guide that identifies the main issues at hand and addresses your concerns.

ASSET DIVISION SEMINAR FOR CLE CREDITS TO BE TAUGHT BY ATTORNEY CONLON

Attorney Timothy J. Conlon of TJC ESQ will help present a seminar with the National Business Institute (NBI) on Wednesday, May, 11th 2016. The course, titled Divorce Law: Common Mistakes in Dividing Assets, will provide invaluable information for legal practitioners on the subject of assetand debt distribution during the divorce process. Attorney Conlon will speak on the tax consequences of divorce and reveal common areas where attorneys fail to equitably distribute their clients' assets.

DIVISION OF ASSETS IN RHODE ISLAND: SEPARATE VS. MARITAL PROPERTY

Divorce courts in Rhode Island rely on a system of equitable distribution when a couple is ending their marriage. Equitable might sound pretty good phonetically but it can actually spell trouble for you if you are not prepared to part ways with some of your prized possessions. Equitable means "fair" not necessarily "equal", and the court is going to decide what is and what isn't fair. You may firmly believe that your ex-spouse doesn't deserve the family automobile but unless you can convince the court otherwise, it could be theirs all the same.

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TJC • ESQ

TJC • ESQ
76 Westminster Street, Suite 420
Providence, RI 02903

Phone: 401-400-4254
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