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Family Law and the Division of Marital Assets

Saturday, May 8th, 2010

These are things such as the home, vehicles, and bank account funds. By being married both parties agree to share financial gains and losses. Marital assets can be divided in two ways depending upon the standards of family law set in each state. Approximately ten states follow community property laws while the others use equitable distribution. Knowing the particular states laws can be very helpful in being prepared for the divorce and proceedings. Divorce lawyers can help determine which assets will be included as marital assets and most reasonable way to divide them.

Equitable distribution is the more common of the two ways to divide assets. Distribution of assets is not necessarily guaranteed to be 50/50 in these states. The court itself decides what division percentage is fair and reasonable for both parties. A court makes this decision based on many different factors. Some of them include the length of the marriage, both parties’ income, responsibility for the children, and debt. Another factor is what each person had when they entered the marriage. A prenuptial agreement takes precedence over the laws definition of distribution and can make determining the marital assets much easier.

Remember these things when it comes to equitable distribution. Everything bought during the marriage will be divided. Who bought it or whose name is on the item does not matter. It is the responsibility of the divorcing couple to prove which assets are marital assets. This includes proving a spouse got rid of certain assets knowing divorce was inevitable. Having knowledge of the state laws can make it easier to work with divorce lawyers in getting desired items or compensation. Finally, each party is also responsible for debt accrued during the marriage.

Community property results in a 50/50 distribution of all marital assets. All debts are also marital property and will be equally split between both parties. Spouses who know their state follows community property laws may hide debt or increase it as a way to get even. When a home is owned in more than one state, it may be possible to file for divorce in either state. Consult with someone familiar with family law to determine which state’s laws will be most beneficial when filing for the divorce. People with higher incomes benefit more from equitable distributions states whereas someone who has no or very little income would benefit more by community property laws.

Personal Injury Lawyer in Greensboro , NC

Monday, March 15th, 2010

When you’ve been injured you’ll want to find the best personal injury lawyer you can so that you can receive the funds for the medical care you’ll need. However, the process of choosing a personal injury lawyer may take a little time, especially if you’re not sure what you should be looking for in a personal injury lawyer.

Before you settle on a lawyer, you should do some research to find out just how creditable the personal injury lawyer is, and how much experience he or she has. Many people simply search through the Yellow Pages to find a lawyer, thinking that the bigger the ad is, the more professional the lawyer will be. Of course, this is not necessarily true. One of the best ways to find out which personal injury lawyer is right for you is to talk to friends and family members that may have had a similar experience to yours, and have needed the services of a lawyer in the past. This way, you’ll know first-hand which law firms will be able to help you.

It’s also a great idea to get a background check on the lawyer(s) you’re considering hiring to handle your case. The background check should include credentials, state bar records, years of experience and verdicts and settlements, so that you’ll know how long the lawyer has been working, as well as how many cases the personal injury lawyer has won.

A personal injury attorney that can give you good advice and listen to your needs and requests is also ideal. While you do want a lawyer that is qualified to get you the compensation you deserve for your injuries, you also want to know that if you have any questions about the progress of the case, or want to handle the case in a certain way because of special circumstances, your lawyer will be understanding and willing to listen to what you have to say.

If you need more information about hiring a personal injury lawyer in your area, you should talk to some of the attorneys at local firms in your area. This will give you a chance to informally interview some personal injury attorneys to get a feel for their professionalism and work ethic. You can also ask your employer about personal injury lawyers that may be affiliated with your company if you are injured whilst working, since you may be able to receive more compensation this way in some cases. Or, if you’ve been injured in a road accident or another type of accident, make sure that you select an attorney that can help you to determine what it is you’re entitled to as far as health insurance and medical coverage may be concerned.

Meet the experienced Greensboro personal injury lawyers of Gabriel Berry Weston & Pate LLP, attorneys at law for business and corporate, personal injury, workers’ compensation, estate planning and probate, family law and general practice matters ranging from simple traffic tickets to real estate transactions and insurance coverage issues.

Gabriel Berry Weston & Pate LLP prides on being flexible and thinking outside the box in order to develop unique solutions to seemingly impossible problems. They analyze the strengths and weaknesses of each case and consider each client’s circumstances before they propose a remedy. This results in an individually tailored strategy that improves your opportunity to prevail. Their experience is broad and includes litigation in state and federal courts across the region and throughout North Carolina. The rating is the highest given and denotes preeminent legal ability and very high ethical standards.