One of the many issues that will need to be resolved when a couple divorce is how to divide their assets. According to state guidelines, the assets are first divided into marital and non-marital property. Marital property is a term used to describe any assets accumulated during the course of the marriage. Non- marital property, which is not distributed in the divorce settlement, includes assets acquired prior to the marriage as well as inheritances and gifts.
Any liabilities that were incurred during the relationship are also catalogued. The next step is to determine asset value. Once the worth of the marital property has been established, both your assets and liabilities are fairly divided.
Taracks & Associates is a well-known divorce firm that has assisted many couples with the asset division process. We have the skills and resources to create a property division plan, and can give you vital legal counsel when working out agreements with your spouse. If there are issues regarding property division that cannot be resolved, attorneys at our firm will provide effective representation at your divorce hearing. We are committed to protecting your rights and interests, and can be depended on for professional and dedicated legal support.
Contact a Tampa divorce lawyer from our firm for a thorough review of your finances and advice on how best to divide your assets.