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LSDefine

Simple English definitions for legal terms

property settlement

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A quick definition of property settlement:

Property settlement is a legal decision made during a divorce that decides how the property and debts of the couple will be divided. This includes everything they own together, like their house, cars, and bank accounts, as well as any debts they owe. It can be decided by a judge or agreed upon by the couple in a contract that becomes part of the divorce decree. It is also sometimes called a property division or a marital agreement.

A more thorough explanation:

A property settlement is a legal agreement that determines how the assets and debts of a married couple will be divided in the event of a divorce. This can be done through a court judgment or a contract that is incorporated into a divorce decree.

For example, if a couple owns a house, cars, and bank accounts, a property settlement will determine who gets what. If one spouse takes the house, the other may receive a larger share of the bank accounts or other assets to balance out the division.

It is important to note that a property settlement can also include the division of debts, such as credit card balances or mortgage payments. This ensures that both parties are responsible for their fair share of any financial obligations.

property right | property settlement agreement

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JumpySubsequentDolphin
21:11
@babycat: no it’s literally so embarrassing but i will forever want him idc
glovediedthisishismom
21:12
soul breast i am so stressed
glovediedthisishismom
21:13
off the dome
shaquilleoatmeal
21:13
you gotta make a move if you're trying to get married young lol
babycat
21:13
@glovediedthisishismom: now that's what I'm talking about
babycat
21:13
actually made me giggle
glovediedthisishismom
21:15
me when i giggle
babycat
21:15
foot fetish image
JumpySubsequentDolphin
21:15
@shaquilleoatmeal: I’m like 12 i have time
babycat
21:16
shaq can see his time running out in the metaphorical hourglass so he's projecting onto other people dw
shaquilleoatmeal
21:18
lol nah, just throwing out what yall said the other night
babycat
21:19
I'm just teasing
at an airbnb protecting my mom from the street ruffians and the airbnb host removed all the smoke detectors
does the mean the airbnb is free
JumpySubsequentDolphin
21:19
@shaquilleoatmeal: don’t stress me out
JumpySubsequentDolphin
21:19
I’m not domesticated enough to be a wife yet
shaquilleoatmeal
21:20
time flies by, before you know it you could be buying tables at 29 for strangers lmao
JumpySubsequentDolphin
21:20
somehow I don’t think I’ll be doing that ever
shaquilleoatmeal
21:20
but in your case, be at those tables lol
Dkk
21:20
I got a 502 error. Did this sight update or crash?
Dkk
21:20
site
21:20
Fedsoc crashed it ig
glovediedthisishismom
21:21
u should tell on them wasp
babycat
21:22
@shaquilleoatmeal: I think that one's just you bud
yessss i will snitch
shaquilleoatmeal
21:22
found the people im chillin with
Dkk
21:22
I've had a theory that I put to the test this week and it really paid off. I theorized I could flash dry age a steak given how dry it is in Nevada and it worked.
also lol at scorp saying there’s no right to women working. textualism is a meme and living constitutionalism is the only workable conlaw theory. fight me fedsoc
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