Exam 8: Spousal Support, Property Division, and the Separation Agreement

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Once spouses have executed a legally binding separation agreement, they are free to remarry.

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False

Match each numbered entry with the most relevant lettered entry below. -commingling

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Verified

G

A separation agreement violates public policy if it:

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A

Match each numbered entry with the most relevant lettered entry below. -alimony in gross

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When are property-division debts discharged in bankruptcy?

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Debts that are outstanding have been discharged.

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Transmutation:

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Lump sum alimony is called ________________________ .

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Commingled separate and marital property may be treated as marital property if clear evidence does not indicate otherwise.

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Match each numbered entry with the most relevant lettered entry below. -QDRO

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Match each numbered entry with the most relevant lettered entry below. -outstanding

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Name the two main categories of pension plans.

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The ________________________ for a separation agreement is the exchange of promises made in the agreement.

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A hold-harmless clause is designed to relieve someone from responsibility or loss arising out of a transaction.

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What is the definition of a separation agreement?

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The only way to ensure that a separation agreement will not be invalidated by fraud is to have a clause in the agreement saying that both parties entered it voluntarily.

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Match each numbered entry with the most relevant lettered entry below. -collusion

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By definition, an equitable distribution of marital property must be an equal distribution.

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Match each numbered entry with the most relevant lettered entry below. -dower

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Alimony payments are not ________________________ by the payor on the payor's tax return if the parties divorced in 2020.

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