A domestic partnership may be defined as a partnership between partners who are unmarried couples, including gay couples, living together in long-term relationships, who are sometimes entitled to some of the same benefits as married people, such as employer-provided health coverage. This form is a sample of a dissolution of such a partnership and property settlement of the parties. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Montana Domestic or Same Sex Partnership Dissolution and Property Settlement
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Multi-State
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US-01296BG
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FAQ
Montana is an ?equitable property division? state. This means that your href=?//.lawinfo.com/resources/divorce/common-grounds-for-divorce.html?>earnings during the marriage are yours to keep. Your spouse also has the right to ?not share? his or her wages with you unless the court grants alimony or spousal support.
In Montana, the rule of ?equitable distribution? determines how the court divides assets. While a judge may separate your property equally, the court may award a greater portion to you or to your spouse depending on your family's specific circumstances.
Only marital property is subject to division in divorce. Assets that are defined as separate property will be kept by the spouse that owns them. Generally speaking, marital property is defined as any property acquired by either spouse after the date of the marriage, with the exception of inheritances and gifts.
Montana is an equitable distribution state, meaning your community and separate assets will be divided as fairly as possible based on various factors such as each spouse's financial status, their contributions during the marriage and their needs for the future.
Montana is an equitable division state, not a "community property" state. The difference is Montana courts weigh multiple legal factors to determine an equitable division of the marital estate versus the assumption that all property is community property regardless each spouse's contributions.
Dissolution, commonly referred to as divorce, is the process of cutting the legal, marital ties between two people through the court system.