In a divorce, assets acquired, and liabilities incurred during a divorce are divided. The enhancement in value of assets acquired before the marriage may also be considered a marital asset.
Marital assets can include the following:
- The marital home
- Investment properties (real estate)
- Other investments
- Business
- Retired plans and investments
- Increases in the value of non- marital assets
Marital liabilities can include the following:
- Mortgages
- Tax liabilities
- Credit card debts
- Business and personal loans
The Law Office of Jhohanny Colon, P.A. understands that division of your assets and liabilities can impact your financial future and the financial future of your family. Our goal is to protect your assets and to guide you to make wise decisions during a divorce.