During the course of a marriage couples accumulate assets and debts. All assets, debts, and increase in value of non-marital property will be divided in a divorce. Although this may seem complicated at times, it can be summarized as a three step process: (1) identify each marital asset and debt, (2) determine the value of each marital asset, debt, and increase in value of non-marital property, and (3) determine how each asset and debt will be divided.
Divorce Asset and Debt Distribution
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