Understanding The Division Of Your Marital Assets
When marital separation leads to a divorce and divides one household into two, the new owner of all assets previously belonging jointly to the married couple must now be determined. There is no hard and fast formula used to ensure an equitable distribution of assets. Rather, a negotiated settlement or court order must determine which assets remain with each spouse once the divorce is final.
For experienced and knowledgeable legal counsel and representation regarding the marital property rights and the settlement that will be a part of your divorce or separation, reach out to the LAW OFFICES OF PIAZZA & SIMMONS, LLC. We also represent same-sex couples seeking dissolutions of civil unions.
What Qualifies As A Marital Asset In A Divorce?
While an equitable asset distribution is always a goal in divorce, marital property settlements are not necessarily 50-50. Prenuptial agreements, business valuation, taxes and other factors can influence the property and asset values, particularly in complex, high-end divorces. Our marital asset division attorneys help clients understand what can be considered shared assets or separate property, including:
- Homes and real estate
- Bank accounts
- Retirement accounts (pension or 401(K))
- Stocks and other investments
- Family heirlooms
- Family businesses
We help clients understand how these assets will be addressed by the court, taking into account such factors as ages, health, current incomes and potential earning capacity of each spouse. We also provide asset protection advice on how to suspend or defeat a prenuptial agreement and defend a prenup against challenges.
Contact A Knowledgeable Lawyer Today
Contact the LAW OFFICES OF PIAZZA & SIMMONS, LLC at 203-936-6772 to schedule a consultation with an experienced attorney. We are here to help you from beginning to end and answer all of your questions along the way. You don’t have to navigate the legal system alone.