Wednesday, January 22, 2014

Premarital assets

People are getting married at an older age these days.   As a result, some spouses come in to a marriage with savings, with retirement, with a house.  If and/or how these assets are used during the marriage, are kept separate, are used but can be traced out, or are mixed in (commingled) can make a difference in how they are treated during a separation/divorce/equitable distribution.  It is important for your attorney to know information about such assets that either you or spouse have owned. Documents showing what existed at the date of marriage can be vital to help your lawyer have a picture of what may be subject to distribution.