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equitably distributed to you and your spouse if you divorce. This is
true even if an asset is bought in one name alone with the money
earned by that person. Title to property alone does not determine
distribution.
Any asset owned by a person before he or she gets married
that he or she keeps separately titled (e.g., a home) will generally
be distributed to that person upon divorce. Such an asset is called
nonmarital property. However, if that asset has increased in value
due to the expenditure of marital funds, or funds of non-owner
spouse during the marriage, or if that asset has increased in value
due to the work efforts of either partner (even if it is only the
work of the one that owned it before), then the increased value may
be considered a marital asset that can be distributed to both
husband and wife upon divorce.
If either spouse changes into joint names the title to an
asset that he or she owned before marriage; or, if the person mixes
the asset with marital assets (for example, if the spouse puts his or
her house into both names or puts the money that he or she earns
into a stock account he or she had before the marriage) then the
whole asset may be considered to be a marital asset and may be
distributed to both husband and wife upon divorce.
Gifts given by one spouse to the other are marital assets
and can and will generally be divided should you divorce. Gifts given
by outside persons to one party or the other individually, and not
thereafter mixed with marital assets, are not marital property and
will generally be awarded to the recipient of the gift upon divorce.
LIABILITIES (THE MONEY YOU OWE)
If a person owes a debt prior to the marriage and that debt
still exists at the time of the parties’ divorce, the person who owed
the debt still will be solely responsible for it unless the other party
has legally agreed to pay the debt during the marriage. Debt
incurred by either party during the marriage is generally "marital
debt" and can be assigned for payment to either party upon divorce.
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HOW THE COURT DIVIDES ASSETS AND LIABILITIES UPON
DIVORCE
Unless the husband and wife enter into an agreement that
sets out who gets which assets and who gets which liabilities, the
circuit court will have a trial after which it will decide who gets
what and who will pay what.
The current statutes require a court to begin the process
of dividing assets and liabilities by setting aside those assets that
are defined as "nonmarital," typically those assets which either
were owned prior to the marriage or inherited during the marriage
and not mixed with marital assets, or those properties specified in a
written agreement between the parties as nonmarital.
Next, the court will divide marital assets and marital
liabilities, starting with the presumption that such assets and
liabilities will be distributed equally. The court may distribute
unequally marital assets and marital liabilities based upon a series of
factors including: the contributions of each party to the marriage,
the contribution of one party to the career or educational
opportunities of the other, the intentional depletion or destruction
of marital assets by one party, and other equitable factors. The
court may award a cash payment from one party to the other to
balance out assets and liabilities. It is not necessary for a court to
divide each and every asset between the parties. Instead, the
court may award some assets to one party, some to the other, and
balance the difference through a cash payment.
If proper pleadings are filed, a trial judge may order
particular items of real or personal property sold and the proceeds
awarded to one or both spouses.
SPOUSAL SUPPORT (ALIMONY)
Upon separation or divorce, in some cases a judge may order
one party to pay spousal support (alimony or separate maintenance)
to his or her spouse. If awarded, the type, duration, and amount of
alimony will be determined primarily by the length of the marriage,