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West Virginia Divorce Property Settlement – The simple, straightforward solution for Property Settlement

Property Division in West Virginia Divorce.

One of the hardest parts spouses deal with during a divorce in west virginia is the distribution of property. The good thing about divorce property settlement in an west virginia uncontested divorce is that both parties hold a mutual agreement to have an open communication and compromise regarding what property goes to whom. To ensure that your divorce property division in west virginia runs as smooth as possible, you should stick with a system that will equally divide marital properties.

When dividing property in a divorce, equitable distribution principles are followed everywhere except the community property states. A divorce property settlement in west virginia usually requires a certain amount of flexibility and compromise from both parties. Equitable distribution of the divorce property means that assets and earnings accumulated during marriage are divided fairly, or “equitably.” west virginia Courts divide property under one of two schemes: equitable distribution or community property. This often means that two-thirds of the assets go to the higher wage earner and one-third to the other spouse of west virginia.

Here are the states that use community property law: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. In these states all property of a married person is classified as either community property (owned equally by both spouses), or as the spouses’ individual property. A property division in west virginia is made equally between the spouses, while each spouse keeps his or her separate property.

The final tip is to sell the west virginia divorce property and equally divide the proceeds. If some items are unsold, they can be put under a private auction in west virginia where the spouses openly bid against each other, with the winner giving equalization payment to the losing bidder.

 
 
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