Montana Sample Letter for Divorce - List of Liabilities and Assets
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How to fill out Sample Letter For Divorce - List Of Liabilities And Assets?
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FAQ
In Montana you do not have to show that one person is at fault for the breakdown of the marriage. Your spouse does not have to agree to get a divorce. And, you do not need to prove that there has been wrong-doing by one of the spouses.
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.
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.
No-fault divorces are recognized by the State of Montana. One party must allege that the marriage is "irretrievable breakdown". This is commonly known as "irreconcilable differences" and means that the two parties no longer get along.
Montana has a 21-day waiting period before a judge may issue a final divorce decree.
How does Montana divide our assets? 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 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.
Equitable distribution means that the marital property will be split between spouses in a way that is equitable, or fair. The court decides what's fair based on set of factors that shows the complete picture of how each of you contributed to the marriage and what each spouse will need to move forward after divorce.
