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AFFIDAVIT |
A declaration made under oath and
filed in writing with a court officer. |
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ALIMONY |
See maintenance. |
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ANTENUPTIAL AGREEMENT |
A written contract signed before
marriage by an engaged man and woman to indicate the future disposition
of property and support arrangements in case of divorce or death
following the marriage. |
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APPEAL |
A request for new consideration of
a lawsuit by a higher court. May reverse or amend prior ruling. |
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APPELLATE JUDGE |
The judge who hears and rules on
an appeal from a trial judge’s decision in a case. |
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ARBITRATION |
A process for resolving a dispute
using a third individual selected by the two opposing sides, who agree
to abide by that person’s decision. |
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ASSETS |
Tangible possessions, such as
cash, investments, property, and personal belongings, as well as
intangibles, such as accounts receivable and goodwill. Assets are
divided into premarital (acquired before marriage) and marital (acquired
after marriage). |
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COMMINGLING |
The mixing together of marital and
nonmarital funds. Or the intentional merging of one spouse’s funds with
those of the other. |
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COMMON LAW |
The body of law originating in
England and developed through court decisions in the United States, as
opposed to more formal laws dictated by statute. |
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COMMUNITY PROPERTY |
The property a couple acquires
while married. |
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COMPLAINT |
See petition. |
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COUNSEL;
CO-COUNSEL |
The attorney representing a party
in a court action, such as a divorce suit, co-counsel is a second lawyer
assisting with the case. |
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CUSTODY |
The right to maintain guardianship
of a minor specifically as awarded by a court or as agreed to by the
parents or others who have a significant relationship with the minor. |
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CROSS-EXAMINATION |
The questioning of a witness in a
hearing or trial by the lawyer representing the opposing side; typically
follows direct examination by the lawyer who first called the witness to
testify. |
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DEPOSITION |
A declaration of facts while under
oath as part of the discovery process preceding a scheduled trial. |
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DIRECT EXAMINATION |
The questioning of a witness in a
hearing or trial by the lawyer who called the witness to testify. |
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DISCOVERY |
The court-sanctioned process of
gathering facts before a trial to enable the lawyers, experts, clients
and witnesses on both sides to prepare their cases. |
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DIVORCE DECREE |
The court order granting a divorce
in some states called a “decree of dissolution.” |
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CDS |
CERTIFIED DIVORCE SPECIALIST
- An individual who has completed specialized training in the
financial aspects of divorce. |
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CDFA® |
CERTIFIED DIVORCE FINANCIAL ANALYST™ -
An individual who has completed specialized training in
the financial aspects of divorce. |
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CFDP® |
Certified Financial Divorce Practitioner™
- An individual who has completed specialized training in the financial
aspects of divorce. |
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EARNED INCOME |
Income derived from a paid
activity, either mental or physical, as opposed to passive income that
accumulates through investments. |
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EQUITABLE DISTRIBUTION |
The “equitable” or fair division
of marital assets by a court that takes into consideration some or all
of the following: spouse’s ages, health, employment history, earning
potential, sources of income, and allocation of debts; the length of the
marriage; and the tax consequences of distribution contributions,
including homemaker dissipation. |
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EXHIBIT |
Correspondence, documentation,
financial records, and other written information, as well as videotapes,
audio tapes, charts, photographs, computer tapes, or any other materials
that a lawyer formally presents to a court in support of a case. |
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EXPERT |
A person of recognized knowledge
and expertise who can comment authoritatively on an issue in a trial and
who often is asked to give an opinion with regard to the specific facts
in the trial to help the court reach a decision. |
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FAULT |
The cause for the breakup of a
marriage and subsequent divorce, one indicating blame, as opposed to
no-fault divorce. |
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GIFT |
Money or property given to an
individual during a marriage by a spouse, relative, or any third party
that is considered the sole property of that individual. |
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GOOD WILL |
The monetary value attached to a
business or professional practice in excess of hard assets, such as real
estate, equipment and supplies, and accounts receivable; this value
represents intangibles, such as reputation and the development of return
business. |
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INHERITANCE |
Money or property acquired by an
individual spouse during a marriage through a bequest in a will that is
considered the sole property of that individual. |
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JOINT CUSTODY |
The sharing of child-rearing
responsibilities by divorced spouses; it may be joint legal custody,
requiring shared decision making, or joint physical custody, requiring
an approximately equal sharing of the child’s time spent in the parents’
two homes. |
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LITIGATION |
A lawsuit; also the process of
formally presenting arguments by the opposing sides in a lawsuit before
a judge, jury, or other court officer. |
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MAINTENANCE |
A more modern term for alimony,
taking several forms: (1) long term periodic payments by one ex-spouse
to the other to meet expenses while maintaining the life-style of the
former marriage; (2) a lump sum payment at the time of divorce, usually
occurring in cases of wealthier couples; and (3) short term periodic
payments, called “rehabilitative” maintenance, to support the divorced
spouse during a time of further education and job training. |
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MARITAL ASSETS |
Money and property earned during
the marriage by either spouse. |
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MEDIATION |
The process by which an objective
third party tries to help the opposing parties in an argument or lawsuit
decide how to resolve their differences. |
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MOTION |
A formal request for a ruling from
a court, usually asking that a particular action be directed to take
place. |
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NEGOTIATION |
The act of trying to reach a
resolution to an argument or lawsuit through discussion between the two
sides. |
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NO-FAULT DIVORCE |
A form of divorce now available in
all states in which neither party is blamed or found guilty of ending
the marriage. |
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PASSIVE INCOME |
Income earned through investments
already in place. Example: interest on savings, dividends on stock. |
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PETITION |
A legal document filed with a
court requesting court action; also called a “complaint”. |
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PLEADING |
A legal document filed with a
court with facts and sometimes arguments supporting a request for court
action. |
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POSTNUPTIAL AGREEMENT |
A written contract signed after a
marriage by a husband and wife to indicate the future disposition of
property in case of divorce or the death of either spouse. |
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PRECEDENT |
A court ruling that serves as an
example for resolving future similar arguments or cases. |
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PREMARITAL ASSETS |
Money and property owned by either
spouse before the marriage and maintained separately from marital
assets. |
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PRETRIAL PRENUPTIAL AGREEMENT |
See antenuptial agreement. |
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REHABILITATION |
The education and training of a
spouse after divorce to enable that person to find a job and become
self-supporting. |
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RETAINER |
The payment a client gives a
lawyer when the lawyer agrees to take on the client’s case. |
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RETAINER AGREEMENT |
The written contract between the
client and the lawyer indicating the terms of the retainer, such as
whether future work and expenses will be billed against that advance
payment. |
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SEPARATE PROPERTY |
Assets owned by either spouse
before the marriage or acquired by gift or inheritance are considered
differently from items acquired during the marriage and simply placed in
the name of either spouse. |
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SETTLEMENT AGREEMENT |
An understanding approved by a
court setting forth the terms of a divorce, particularly with regard to
custody of children, division of assets, maintenance, and child support. |
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SOLE CUSTODY |
The assignment of child-rearing
responsibilities, both physical and legal, to one spouse. |
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TESTIMONY |
Statements of fact and opinions
offered by an individual while under oath during a legal proceeding. |
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TRACING |
The tracking of assets in a
marriage from the present back to their original source. |
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TRANSCRIPT |
The written recording of words
spoken by the parties in a case, their lawyers, witnesses, and the judge
during a legal proceeding; may also include exhibits that pertain to
that proceeding. |
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TRIAL |
The legal proceeding before a
judge and sometimes a jury allowing the two sides of a case to argue
their respective views and to offer supporting witnesses and evidence
before a final ruling is made. |
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VALUATION |
The assignment of a monetary worth
to a particular asset, usually by an expert knowledgeable about that
kind of asset. |
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WITNESS |
A person testifying in a legal
proceeding under oath. |