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How to keep track of your marital assets during a divorce

On Behalf of | May 13, 2021 | blog, divorce

It’s true that one of the most difficult parts of ending your Florida marriage is dealing with the emotional trauma that comes along with it. However, as you go through the divorce process, you’ll have to accumulate a list of all of your marital assets so that they can properly be divided between the two of you. While this may seem pretty easy on the surface, it can be more difficult as you try to keep track of all the assets that you have acquired

Start with the easy things

Because the family law court will be assessing all of your marital assets in determining how to split them according to state law, it’s best to start with creating a list of all of your assets. When you sit down to start your list, it’s easiest to write down the biggest ones that come to mind. These are going to be things like your house, cars, vacation homes, retirement accounts, checking accounts and savings accounts. As you list each asset, it’s advisable to also list any loans or mortgages that are on that asset.

Look for hidden assets

When going through a divorce, it’s not uncommon for a spouse to try and hide various assets with the intent of keeping them all for themselves. It’s your job to do your due diligence in discovering any marital assets that may seem hidden. The best places to look for these assets are your previous tax returns. Also, any workplace agreements could reveal hidden stock rewards or other assets that you may have forgotten about.