Information on Indiana's Debt Division.
In Indiana the courts decide what the spouses get in the divorce. Now this is equitable distribution, but the divorce courts do try to do it in the most fair way possible, so that it is a pretty even split. They do take many things into consideration and we will go over those in just a moment. Now remember things such as if there was prenups will decide, and sometimes the divorce courts will even allow the spouses to decide on some things if they are getting along. There as always are things considered not to be marital assets in a divorce and most states are the same on those as long as the property has not been commingled. inheritance, gifts, money from separate business before you were married, etc...A really important thing to do here, if things have been commingled is at least keep all your documents and paper work, sometimes if the marriage was short and shows the spouse was just using another to gain, they will look at that background, but now lets take a look at what the divorce courts look at when separating the property in Indiana.
1. The divorce courts do not always look at the reason the divorce come about or even the conduct during the marriage, but they do look at how the spouses are acting during the divorce process.
2. The divorce courts look at what each spouse brought into the marriage, a homemaker is looked at just as much as a provider. Both work hard.
3. The divorce courts look at each spouses acquired property, before and during the marriage, They look at gifts and inheritance, and the length of the marriage also to make sure that a spouse did not marry for just the purpose of taking.
4. The divorce courts look at the length of the marriage.
5. The divorce courts look at what each spouse will be paying, their income before and during the marriage and what the spouses are doing after, even alimony comes into play here.
Remember if you need any certain state information, just let me know!