This document provides for the final distribution of any assets and debts of the parties, provides for support of any children of the marriage and any other agreements reached between the parties.
This document provides for the final distribution of any assets and debts of the parties, provides for support of any children of the marriage and any other agreements reached between the parties.
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Indiana is an equitable division state. This means the court does not have to divide property equally between the spouses.
The Guidelines also provides for the ?Rule of 65?, which states that if the years of marriage plus the age of the support recipient at the time of separation equals or exceeds 65, then spousal support may be paid indefinitely.
Indiana operates under the ?one pot? theory of marital property. All property belonging to either or both spouses is considered marital property. But just because an inheritance is considered marital property, does that mean it will be split evenly between the parties? No.
Indiana is a ?one-pot? property division state, so the court will begin with a presumption that all property is marital property and that it should be divided equally.
There is no statutory definition for a ?long? marriage in Indiana that would entitle a person to a ?full? share of assets in a divorce. In theory, the same rules apply to a marriage which lasts one day and one which lasts 40 years.
Indiana is a ?one-pot? property division state, so the court will begin with a presumption that all property is marital property and that it should be divided equally.
Generally, the Court will divide the property and debts of the marriage on a 50-50% basis. The Court can give more than 50% to one spouse if the Court has good reason to do this.