Equitable Distribution / Business Valuation
One of the more difficult and complex areas in a divorce is the division of assets and liabilities. Assets include but are not limited to automobiles, stocks, bonds, bank accounts, personal property, retirement accounts, real property, cash, businesses, jewelry, and any other tangible or intangible thing of value. Liabilities/debts include but are not limited to mortgages on real property, automobile loans, credit card balances, IRS liabilities, and any other amount of money that you and your spouse owe to a third party. As part of the evaluation of identifying the assets and liabilities of the marriage, is the determination of whether an asset or liability is marital or nonmarital.