Peace Talks Glossary
Peace Talks Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Separate property
All property which is not community property. This typically includes
property acquired before marriage (pre-marital) or post-separation as
well as inheritances and gifts.
Separation
Many people confuse the idea of separating (living apart) from Legal Separation.
It’s legal to live separately, but some people need help in figuring
out who will pay which joint bills, where the children will spend their
time, and how you’ll handle support while you’re separated
and either working on reconciliation or deciding to get divorced. Mediators
can be very helpful in facilitating your discussions about these tough
issues, especially when your separation is new. Legal Separation is a
legal term which describes a process which is very similar to divorce,
with the same rights and responsibilities, but which does not result in
your being divorced at the end. Some people choose Legal Separation for
religious reasons, or in order to stay on a spouse’s health insurance
plan.
Separation agreement
A written document that outlines the financial, support, and custody arrangements
which is signed by both parties and approved by the court.
Separation and
divorce
Many people confuse the idea of separating (living
apart) from Legal Separation. It’s legal to live separately, but
some people need help in figuring out who will pay which joint bills,
where the children will spend their time, and how you’ll handle
support while you’re separated and either working on reconciliation
or deciding to get divorced. Mediators can be very helpful in facilitating
your discussions about these tough issues, especially when your separation
is new. Legal Separation is a legal term which describes a process which
is very similar to divorce, with the same rights and responsibilities,
but which does not result in your being divorced at the end. Some people
choose Legal Separation for religious reasons, or in order to stay on
a spouse’s health insurance plan.
Serve divorce papers
When a divorce is started, a Petition or Complaint is filed with the court.
That document needs to be given to the other party, which is called Service
of Process. This insures that all parties to the divorce are aware that
papers have been filed with the court, giving them an opportunity to respond
and participate in the case.
Spousal Support (alimony)
Income supplement or replacement for a spouse who earns less than his
or her marital partner. Spousal support is generally considered to be
taxable income for the person who receives it, and a tax deduction for
the person who pays it. Spousal support, maintenance, spousal maintenance
and alimony are synonyms. Follow this link for more information on Basic
California Divorce Law
Spouse
Person
to whom you are [legally] married.
Stepped Up Basis
Refers to the value at the time of the death of an owner or co-owner.
Rather than using the original purchase price, the deceased owner’s
basis is calculated as the value as of date of death.
Stipulated Judgement
Final settlement agreement which is submitted to the court in a divorce
in which all issues are settled. Your signed Stipulated Judgment paperwork
is submitted to the court for approval. Many cases which are mediated
result in an uncontested divorce, and the spouses aren’t even required
to go to court.
Successor trustee
Person or legal entity who takes over when the first named trustee steps
down or is unable to fulfill his or her trustee duties.
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