Equitable Division Of Your Marital Assets
After building a life together, dividing everything you and your spouse accumulated during your marriage can seem overwhelming. You may get frustrated, thinking you are about to lose assets that you have the right to keep.
If you are going through a divorce and are struggling with dividing your marital property, the Indianapolis family law firm of Katzman & Katzman, P.C., can help you get everything you have a right to have following the dissolution of your marriage.
What Is Considered Marital Property?
Marital property includes all of the property and debt you and your spouse own and owe as of the date the Petition for Dissolution of Marriage is filed. Examples of property that may be included are:
- Real estate, including investment property
- Retirement accounts, regardless of whose name is on the account
- Pension benefits
- Stock options and other types of compensation
- Whole Life insurance policies
- Military pensions
- A business, regardless of who started or operates the business
- Personal property
- Gifts and inheritances
In Indiana, marital assets and debts must be divided equitably, which usually means 50-50, though a court may decide that a different percentage split is equitable.
What About Assets I Owned Before My Marriage?
Assets you owned before your marriage, but still exist as of the start of the divorce process are part of the marital estate to be split equally. However, you and your spouse may agree that splitting such assets 50/50 is not equitable, and the court can consider this in determining an equitable split of the marital property.
Your Katzman & Katzman, P.C., property division lawyer can assist you in deciding which assets are subject to division and which are not.
Get Assistance With Dividing Your Marital Property
If you need assistance with a high-asset divorce, including dividing a business you may have built with your spouse, or supported them in building, put Katzman & Katzman, P.C.’s team of family law attorneys to work for you.