What happens to my money and property in a divorce?
The first step of equitable distribution is to determine which assets (such as cash, cars, houses, or 401(k)’s) and liabilities (such as credit card bills, mortgages, and loans) are marital and which are non-marital. This is because non-marital assets and liabilities will generally be set aside and go to the spouse that acquired or incurred them, while marital assets and liabilities will be divided among the parties. In most cases, if an asset was earned or purchased during the marriage, or a liability was incurred during the marriage, it is considered marital.
How does property and debt get divided?
How much support will I pay/receive?
What happens to my business?
What happens to my business?
Is my business a marital asset?
Do my business records become public record?
