Property Sharing (No. 40-3-(6-17)) – New Mexico is one of nine (9) states that comply with the laws of collective property instead of the just law on distribution. All property acquired during the marriage is considered to be held collectively by the spouses and is therefore distributed equally to each other at the time of dissolution of the marriage, regardless of the person who made the purchase or the name of the person on the title. In addition, all debts incurred during the marriage are considered a Community debt, with the exception of those defined as “separate debts” in Articles 40-3-9 (A) and 40-3-9.1. Remember, success means that the parties are able to reach agreement on all or most of their issues. This means that they agree on custody of children, custody of children, division of property and debt, alimony and other issues (large and small) related to divorce. It is important that parties keep their expectations in check. “Success” doesn`t mean you`ll leave happy. That doesn`t mean you get everything you want. On the contrary, it is often said that successful mediation or facilitation of unification end with both parties unhappy on the outcome.
This may be a slight exaggeration and it would be better to say that both parties, in general, must make significant compromises on their ideal outcome. Nevertheless, the success of settlement relief can be measured in another way, which, over time, will remove the thorn of the original compromise. The successful agreement puts an end first of all to the marriage and thus to the divorce process. It does so in the most contradictory way. He takes a potentially explosive situation and puts it to an end. In this way, the reduction of liquidation minimizes stress, frustration, time and legal costs and costs to the parties (and their children). This is, in most cases, the best option and should not only be considered, it must be considered as soon as possible. In the end, most are very happy that he did. The final stage of the dissolution of the matrimonial trial is the final judgment. If all matters relating to the division of ownership, custody of spouses, custody of children and custody of the children have been agreed by the parties, a marriage comparison agreement can be entered into. A final decree on the dissolution of the marriage must also be completed and signed by the parties.
This form allows the petitioner or respondent, or both, to return to his or her former name.