Learn about what a DC Separation Agreement entails and why you and your spouse might need one in a DC divorce.
A Marital Separation Agreement or a Property Settlement Agreement is a written contract between you and your spouse.
Attorney At Law
By Carolyn Goodman
A Marital Separation Agreement or a Property Settlement Agreement is a written contract between you and your spouse.
By Carolyn Goodman
When you divorce, the property and the debt must be divided. This does not mean that it is divided equally. In DC, an equitable division is made.
By Carolyn Goodman
Many people call and tell me that they will be inheriting money or other property and want to protect it in the event they get divorced.
Usually inherited money or property is considered separate property and is not divided if you separate and/or divorce.
However, many times a person who inherits money or property puts that money into a new home or other property bought during the marriage.
By Carolyn Goodman
A common concern among people separating is what will happen to money or property they inherited or were given before they were married or during the time they were married.
If are thinking about a divorce or separation in Washington, DC, it’s important to understand the difference between separate and marital property.
Speak with a DC divorce lawyer to explain your options so you can make an educated decision about what qualifies as separate vs. marital property in your situation and how to proceed.
As long as the property or funds remain separate and separately titled during the marriage and are not commingled (mixed) with marital funds or property, the inherited or gifted money or property will remain separate and will not be divided when you separate or divorce.
Your current situation has probably generated many questions. Here are some short answers to questions you may have about Divorce, Separation Agreements, Property Division, Child Custody and more.