A domestic partnership may be defined as a partnership between partners who are unmarried couples, including gay couples, living together in long-term relationships, who are sometimes entitled to some of the same benefits as married people, such as employer-provided health coverage. This form is a sample of a dissolution of such a partnership and property settlement of the parties. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
South Carolina Domestic or Same Sex Partnership Dissolution and Property Settlement
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Multi-State
Control #:
US-01296BG
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Word;
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How to fill out Domestic Or Same Sex Partnership Dissolution And Property Settlement?
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FAQ
No, South Carolina isn't a community property state. Marital property is divided by the court in an equitable manner as described above. Dower and curtesy are common law legal concepts that have generally been abolished in the U.S. today.
South Carolina's Supreme Court considered the two approaches outlined above. But the court adopted a third approach to personal injury awards. The court said that an award is classified as marital property if it was acquired during marriage. This is a very simple rule.
It really depends on the size of the marital estate. If the marital estate is large enough, then the court can award the house and its equity to one spouse while the other makes up for it by receiving other assets. Family court judges have a ton of discretion in making their decisions.
In South Carolina, non-marital property remains in the hands of the spouse who owned it before or during the marriage. The most common types of property divided at divorce are real property like the family home, personal property like jewelry, and intangible property like income, dividends, and benefits.
It really depends on the size of the marital estate. If the marital estate is large enough, then the court can award the house and its equity to one spouse while the other makes up for it by receiving other assets. Family court judges have a ton of discretion in making their decisions.
What is Non-Marital Property in South Carolina? Property acquired before the marriage is generally considered non-marital property, subject to exceptions as discussed below.
South Carolina is an equitable division state; that is, the Family Court Judge hears the evidence from both spouses and then determines what he or she thinks is a fair and equitable division of marital property. The Judge considers a number of factors in making the decision.
The real and personal property of a married woman, whether held by her at the time of her marriage or accrued to her thereafter, either by gift, grant, inheritance, devise, purchase or otherwise, shall not be subject to levy and sale for her husband's debts but shall be her separate property.