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Idaho Organizing your Personal Assets Package

Category:
Personal Planning
State:
Idaho
Control #:
ID-P086-PKG
Format:
Word; 
Rich Text
Instant download
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Description

With this Organizing your Personal Assets Package, you will find the state specific forms that are necessary to organize your personal and financial affairs and achieve your financial goals. This package contains forms that are essential for analyzing your budget and planning for your spending and savings needs. Forms included also allow you to organize your important documents, ensure accurate record-keeping, and minimize time and expense involved in dealing with emergency situations. If purchased separately, these forms would be valued at $97.50. Save over 48%!



Included in your package are the following forms:


  1. Cash Flow Statement

  2. Retirement Cash Flow

  3. Personal Monthly Budget Worksheet

  4. Personal Property Inventory

  5. Personal Planning Information and Document Inventory Worksheets - A Legal Life Document

  6. General Durable Power of Attorney for Property and Finances Effective upon Disability

  7. Sample Letter for Request for Credit Report

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FAQ

Wives : A wife is entitled to an equal share of her husband's property like other entitled heirs. If there are no sharers, she has full right to the entire property.She is also entitled to maintenance, support and shelter from husband, and if staying in a joint family, from the family.

The duration of payments is determined by a judge in Idaho family court. Alimony length is usually based on length of marriage - one commonly used standard for alimony duration is that 1 year of alimony is paid every three years of marriage (however, this is not always the case in every state or with every judge).

Idaho is a fault and no-fault state. It is not necessary to show that either one of the parties was at fault. One statutory basis for a divorce in Idaho is that there is no reasonable likelihood that the marriage can be preserved and, therefore, the marriage is irretrievably broken.

Since Idaho is a "Community Property" state, all marital property will be divided in a 50-50 fashion according to the court unless agreed to otherwise by the divorcing spouses. This means that everything that is considered "up for grabs" in the divorce will be distributed equally to each spouse.

Equitable distribution is a method of dividing property at the time of divorce. All states except for Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin follow the principles of equitable distribution.

Because Idaho is a community property state, there is a law that presumes when you are married that all property that you have in the marriage is owned jointly by both you and your spouse. Community property is simply that, property that is owned jointly and equally by both the husband and the wife.

Idaho has community property laws providing that all of the assets and debts a couple acquires during marriage belong equally to both spouses. This means that in a divorce, the division of such propertyor the value of the property awarded to each spousemust also be substantially equal.

Because Idaho is a community property state, there is a law that presumes when you are married that all property that you have in the marriage is owned jointly by both you and your spouse. Community property is simply that, property that is owned jointly and equally by both the husband and the wife.

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