The Law Dictionary for Everyone
The dictionary defines the word equitable as having the character of fairness or equity, or of being fair, reasonable, or just and right. As it applies to the law, equitable means much the same thing, though it is elevated to a principal by which judges decide how to settle disputes. The legal system of equity comes from the English common […]
Read moreNon-marital property is any real or personal property that was owned by either spouse before the marriage. During a divorce, non-marital property is often referred to as “separate property,” and is not subject to distribution between the spouses, but remains the sole property of the spouse who owned it prior to the marriage. There are other instances in which property […]
Read moreEquitable distribution in divorce is the legal principle of dividing marital property during the dissolution of marriage. The majority of states recognize the principle of equitable distribution, using it when the court must determine how the property will be divided in the event the divorcing couple is unable to reach an agreement. In divorce, the term “equitable” does not mean […]
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