What are marital assets?

Marital assets are any property (real or personal) that was acquired during a marriage. According to the law in Florida, marital assets are typically divided equally between the husband and wife when they divorce. This includes any assets that were bought or acquired with marital funds. The types of marital assets that are considered to be part of the marital estate include real estate, bank accounts, investments, cars, furniture, jewelry, pensions, and any other property that the spouses bought or acquired together or separately during the marriage. It also includes any debts that were incurred during the marriage. Marital assets also include inheritances or gifts that were made to one spouse, but the other spouse has to prove that these assets were not used to benefit the marriage. In addition, any income from marital assets is considered to be part of the marital estate. In Florida, the courts have the authority to divide marital assets according to "equitable distribution" which means that the court will try to divide the assets as fairly as possible, taking into account the needs of each spouse.

Related FAQs

What is an annulment?
What should I consider when choosing a family law attorney?
What is stepparent adoption?
What is a domestic violence restraining order?
What is a collaborative divorce?
What is fault-based divorce?
What are the procedures for a change in custody or visitation?
What is joint legal custody?
What is the difference between legal separation and divorce?
What is a domestic violence restraining order?

What are marital assets?

Related FAQs

Related Blog Posts