What Is It? What Is Included? How Is It Divided Up?
In Indiana, what property, assets, and liabilities the trial court is to divide is commonly referred to as the “marital pot”. In essence, everything the divorcing parties have is poured into a “pot” and the court divides this in a just and equitable manner.
Specifically, a central determination to be made during settlement of a case, or by a trial court after trial of the matter, is how the marital estate or marital property is to be divided. An important concept to understand is that the marital pot includes assets and ... Read More
Tag: property assets
12
Jul2012
12
Jun2012
While divorces are often contentious and parties find it difficult to agree on even the smallest details, agreements can be reached. Whether through the aid of your attorney, a mediator, or just by working through issues together, agreements can be reached before litigation becomes necessary.
If the parties’ attorneys reach an agreement, often one of the attorneys will draft the agreement into a document that can be filed with the court. Both parties, and usually both attorneys, sign the agreement, which the judge can then either approve or deny. If approved, once the divorce is finalized, the agreement is incorporated into ... Read More