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What are marital assets?

You might think your marital assets are pretty cut and dry. Usually, this is not the case. Marital property is primarily houses, furniture and automobiles, but marital assets can also include intangible items, like retirement and investment accounts, business and professional practices, and military benefits. In most cases, any property owned prior to your marriage, as well as gifts and inheritances given solely to one spouse during the course of your marriage, are not considered marital assets. However, any appreciated value or capital gain acquired during the course of the marriage may be.

Evaluating marital assets is not a task that should be approached rashly. Property settlement agreements, once ratified by the court, are generally permanent in nature. A qualified family law attorney can help you ensure that all your marital assets are being considered in your property settlement negotiations and agreements. Before entering into an agreement of this type, seek the advice of a lawyer experienced in the complexities of asset distribution. John Fernandez has vast experience in asset litigation, financial mediation and settlement negotiations. He can help you rest assured that your marital property is being distributed fairly.

Call the Law Office of John P. Fernandez if you have questions or need legal representation in a family law matter. John Fernandez is licensed to practice law in North Carolina. The laws of North Carolina may differ from other states and no information contained herein should be considered legal advice.

About John Fernandez

John P. Fernandez | Child Custody and Divorce Lawyer | Raleigh, NCAttorney John Fernandez works with North Carolina individuals and families who need advice or representation in estate planning and administration matters. John provides an in-depth analysis of each client’s needs and works toward reducing estate taxes, avoiding probate and ensuring that health care decisions are handled appropriately. John helps individuals with modest and large estates achieve their goals.

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John P. Fernandez
Attorney at Law
9555 US Highway 15-501 North
Chapel Hill, NC 27517
(919) 601-5028

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