Assets And Liabilities

Equitable distribution of martial assets and debt: Assets and liabilities acquired or incurred during the course of the marriage are considered to be marital and may be subject to distribution by agreement of the parties or order of the Court. Assets subject to distribution upon divorce include, but are not limited to, the marital home, real estate, vehicles, savings accounts, stocks, retirement accounts and other investments.

Examples of marital liabilities subject to distribution include, but are not limited to, credit card debt, home mortgages, and loans taken against retirement investments. By agreement of the parties, or by order of the Court, these assets and liabilities shall be distributed to the appropriate spouse and will be included in the Marital Settlement Agreement or Final Order of the Court. Some assets or liabilities brought to the marriage may be considered pre-marital and not subject to distribution in the divorce. Similarly, some assets acquired or liabilities incurred following separation of the parties, but before divorce is final, may be considered post-marital and excluded from the divorce proceeding.

The Law Office Of Andrew L. Cameron will represent you in your Assets and Liabilities case, contact us today to find out how!