Asset Characterization in the Divorce Process
When divorce proceedings begin, one of the first things that must be determined is what assets are being split. Often, the only assets that can be included in the divorce are those that are considered marital assets. But what exactly constitutes an asset of the marriage?
What Are Marital Assets?
A marital asset is an asset that was acquired during the marriage. If there was property bought by one spouse before the marriage or an inheritance that is coming after the marriage, these assets will generally not be included in the estate and not able to be divided between spouses. Often, though, this is not so black and white.
An experienced divorce attorney will help you determine which marital assets are subject to division. Common assets that we look at include:
- Real estate
- Property acquired before and during the marriage
- Professional practices
- Investments and bank accounts
- Businesses
- Personal Injury Claims
- Inheritances
Free Consultation with a Divorce Attorneys in Boca Raton
At Klein Law Group, our experienced divorce attorneys know what it takes to characterize assets correctly and create a divorce agreement that is fair and just for our clients. We have the knowledge, experience, education and training to ensure you avoid any obstacles that come along with asset characterization.
At Klein Law Group, our Divorce Attorneys are prepared to defend your interests and represent you during your divorce. For more information about high net worth divorce and asset characterization, contact Klein Law Group at 561-353-2800 to set up a free consultation today.