Review of Chapters 1 to 3 on Alimony and Jurisdiction

Flashcards covering the key vocabulary and concepts from Chapters 1 to 3 regarding alimony and jurisdiction.

Alimony

Financial support provided to a spouse after separation or divorce.

Permanent Alimony

Alimony that is paid indefinitely until the recipient remarries or the payer dies.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Change in Circumstances

A significant change in situation that may warrant a modification of alimony.

Rehabilitation Support

Temporary support given to a spouse until they can become self-sufficient through education or job training.

Reimbursement Alimony

Alimony intended to reimburse one spouse for expenses incurred during the marriage.

Modification

The legal process of changing the terms of alimony or support payments.

Contempt

Legal term referring to behavior that shows disrespect or defies the authority of a court order.

Bankruptcy

A legal procedure for dealing with debt problems of individuals and businesses.

Marital Property

Property acquired during the marriage and subject to division upon divorce.

Community Property

Property owned jointly by both spouses in a marriage.

Equitable Distribution

The fair division of property and assets between spouses during a divorce.

Separate Property

Property owned by one spouse prior to the marriage or acquired as a gift or inheritance.

Tangible Property

Physical assets that can be touched or measured.

Intangible Property

Non-physical assets such as stocks, bonds, and intellectual property.

Transmutation

The process where separate property becomes marital property or vice versa.

Valuation

The process of determining the current worth of an asset.

Fair Market Value

The price that property would sell for on the open market.

Qualified Domestic Relations Order (QDRO)

A legal order in a divorce that recognizes joint marital ownership of retirement plan assets.

Subject Matter Jurisdiction

The authority of a court to hear cases of a particular type.

Personal Jurisdiction

The power of a court to require a party to appear before it.

Domicile

The country or state a person treats as their permanent home.

Minimum Contact

The legal standard for determining whether a court can exercise personal jurisdiction over a defendant.

Long Arm Statute

A statute that allows a court to reach beyond its geographical boundaries for jurisdiction.