G.63 Planning for divorce, unmarried couples and other special circumstances Flashcards
(9 cards)
Which of the following is NOT a common reason for divorce?
A) Infidelity
B) Incompatibility
C) Financial difficulties
D) Marriage counseling
Marriage counseling
Explanation: While counseling can be a helpful tool in some cases, it is not typically cited as a reason for divorce.
When dividing marital assets during a divorce, which of the following is NOT typically considered?
A) Real estate
B) Retirement accounts
C) Business ownership
D) Inheritance received during the marriage
Inheritance received during the marriage
Explanation: Inheritances are usually considered separate property and are not subject to division during a divorce.
A couple who is not married but has been living together for several years is often referred to as:
A) Committed partners
B) Common-law spouses
C) Cohabitating couple
D) Domestic partners
Common-law spouses
Explanation: Some states recognize common-law marriages, which can be formed when a couple lives together for a certain amount of time and holds themselves out as being married.
When dividing assets during a divorce, which of the following is NOT a common approach?
A) Equitable distribution
B) Community property
C) Proportional division
D) Marital settlement agreement
Proportional division
Explanation: While assets can be divided in a variety of ways, proportional division is not a commonly used approach.
A couple who is not married but has children together can establish which of the following legal agreements to address custody, support, and visitation?
A) Marriage contract
B) Prenuptial agreement
C) Domestic partnership agreement
D) Co-parenting agreement
Co-parenting agreement
Explanation: This is a legal document that outlines each parent’s rights and responsibilities regarding the children they share.
When dividing marital assets during a divorce, which of the following is NOT considered in the valuation process?
A) Debt
B) Investment accounts
C) Personal property
D) Social media accounts
Social media accounts
Explanation: Social media accounts are not considered marital assets and are not subject to division during a divorce.
Which of the following is NOT a common type of spousal support awarded during a divorce?
A) Alimony
B) Rehabilitative support
C) Permanent support
D) Custodial support
Custodial support
Explanation: Custodial support is not typically awarded to a spouse but rather to support the needs of a child.
Which of the following is NOT a common reason for seeking a prenuptial agreement?
A) To protect assets owned before the marriage
B) To outline the distribution of property in the event of divorce
C) To establish custody and visitation arrangements
D) To prevent one spouse from being held responsible for the other’s debts
To establish custody and visitation arrangements
Explanation: Prenuptial agreements typically focus on property and financial issues rather than child custody and visitation.
Which of the following is NOT a common issue addressed in a domestic partnership agreement?
A) Property ownership
B) Financial support
C) Medical decision-making authority
D) Custody and visitation arrangements
Custody and visitation arrangements
Explanation: Domestic partnership agreements are typically used by couples who are not married but want to establish certain legal rights and responsibilities regarding their relationship.
