What Is The Difference Between A Marital & Non-Marital Asset? – (248) 588-3333
In terms of divorce, one of the main areas of focus is the division of assets. We will not divide all of the assets, but instead we will distinguish between marital and non-marital assets, and assets that were accumulated prior to the marriage and assets that were accumulated during the marriage. Some assets are easy to determine such as a bank account, and on the other hand there are some assets that are hard to figure out such as a house, pension plan. The court will conduct a simple calculation in order to determine the value and if the value cannot be easily calculated and if we are unable to do so, then the assistance of experts will be enlisted. We will look at the value from the time the marriage started until the time of divorce, and that piece is the marital asset and subject to division. If you have questions about the division of assets during a divorce, contact our office today for more information.
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