Liquidating assets prior to divorce dating old kingdom tombs

Posted by / 11-May-2020 10:54

Liquidating assets prior to divorce

Call (877) 529-2422 right now to set up a free consultation that will let our lawyers review your case and see how we can help.Back to top While many of the assets involved in a marriage is deemed marital property that both spouses acquired during their marriage, some assets that were acquired before the marriage, after the separation, or by gift or bequest are considered non-marital property exempt from equitable distribution.

The same is true if you miss a payment on an asset you and your former spouse shared.Unfortunately, a divorce can also be a financially devastating experience for those who do not properly liquidate shared assets and pay off joint debts.Although separating all of your joint accounts may seem like more trouble than its worth – especially in a complicated divorce – doing so helps you preserve your credit rating and ensure that the divorce doesn't destroy your financial security.It is important to remember that Financial Affidavits are sworn statements that are supposed to be factual to the best of a person’s knowledge, and any knowing attempt to hide an asset or misrepresent one’s assets could be grounds for perjury.Do you believe your spouse might be concealing assets or do you need assistance completing a Financial Affidavit for your divorce in southeastern Pennsylvania?

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When you liquidate an account, you are no longer responsible for it.

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