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.
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.
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.