The division of assets can be a daunting and confusing part of the divorce process.
When you seek the services of a certified divorce financial analyst you can ensure that your assets are being well cared for.
What Defines Martial Property?
Martial property refers to any assets that are purchased or acquired by either party following the marriage date and before the date of separation.
These assets often include cars, homes, real estate, furniture, stocks and bonds, business ownership, etc.
What Defines Separate Property?
When dealing with separate property this includes any assets which have been acquired through an inheritance during the marital period.
Additionally, a gift which was gifted only to one spouse is considered separate property.
Lastly, any assets which were obtained before the wedding or after the separation period are qualified as separate property.
What Defines Hybrid Property?
When one spouse liquidates property which was obtained before the marriage and uses those assets to purchase a marital property this is defined as hybrid property.
It is vital when dealing with hybrid property that you work closely with your financial planner and attorney in order to clearly prove a hybrid property claim in a divorce.
Pre-nuptial and Post-nuptial Agreements
Pre-nuptial and post-nuptial agreements are an ideal way to clearly define marital property both before and during a marriage. Consult a divorce lawyer on reviewing or setting up the proper documentation for your state.
Certified Divorce Financial Analysts at Argent Bridge
At Argent Bridge we understand that the divorce process can be a tumultuous and confusing time for you.
Our team is here to help you best protect your assets in order to safeguard your financial well-being.
If you have any questions about what property constitutes marital assets in your Virginia divorce do not hesitate to call the professionals at Argent Bridge today.
For more information on the services offered at Argent Bridge visit our website today or call us to schedule a consultation at (833)568-4900.