Saturday, January 23, 2010

A Simple Divorce

Summary divorce

A summary (or simple) divorce, available in some jurisdictions, is used when spouses meet certain eligibility requirements, or can agree on key issues beforehand.

Key factors:

Short marriage (less than 5 years)
No children (or, in some states, when the spouses have resolved custody and set child support payments for children of the marriage)
Minimal or no real property (no mortgage)
Marital property is under a threshold (around $35,000 not including vehicles)
Each spouse's personal property is under a threshold (typically the same as marital property.

www.BVesellaw.com

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