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1. EQUITABLE DISTRIBUTION OF ASSETS.
The fair distribution of the assets acquired during the marriage which is usually 50/50.
2. EQUITABLE DISTRIBUTION OF LIABILITIES.
The fair distribution of the liabilities incurred during the marriage which is usually 50/50.
3. EQUITABLE DISTRIBUTION OF PENSION AND RETIREMENT BENEFITS.
Is the distribution of pension, retirement, 401K, or similar assets.
4. WHAT IS EQUITABLE.
The court begins with the concepts of dividing things 50/50.
5. WHAT IS AN ASSET.
House, car, stocks, and a business are all examples of and asset.
6. WHAT IS A DEBT.
Mortgage, loan, car payment, credit card debts are examples.
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