The divorce process includes the fair and equitable division of both assets and debts. Marriage debts can include credit card debt, loans and similar type financial obligations. The distribution of marital property and liabilities is an issue that can easily become contentious.
There are various actions that will need to be taken to ensure your assets and debts are properly distributed. One of the first steps is to compile a complete list of any property or liabilities accrued during the marriage. The value of each item is then determined, including any appreciation of non-marital assets that resulted due to the contributions of a spouse during the union.
Taracks & Associates has many years of experience helping divorcing couples with debt and asset distribution. We are knowledgeable divorce lawyers that can explain the laws regarding marital liabilities in detail, and help work out debt and asset agreements with your spouse.
Divorces can quickly become complicated and contentious, especially in cases involving a considerable amount of assets and liabilities. When a couple can’t resolve their disagreements, that matter is deferred to the court for adjudication.
Our firm can provide the informed legal guidance you will need during your divorce. We are capable litigators that will protect your rights and interests in all divorce-related matters.
Contact a Tampa divorce attorney at our legal firm if you are intending to divorce for immediate assistance with the debt distribution process. Schedule your free initial consultation today.