72 - Understanding Marital Interest in Divorce with divorce attorney Theresa Viera

Divorced & Determined AF

Splitting your assets in a divorce is no fun, and for many situations it can be convoluted and confusing. There's marital property, separate property, some states have divisible property... how do you differentiate between it all? I've asked family law attorney, Theresa Viera, to join me today and help us understand the nuances of what constitutes separate property versus marital property, and to offer specific examples to illustrate how assets like retirement accounts and homes are evaluated and divided. Learn about the impact of contributions to marital assets and how that can create a marital interest even in what you may have thought was only separate property.

For more information on the P.E.A.C.E. of Mind Initiative and to access the free resource center, please visit https://peaceofminddivorce.info

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Jamie Milam is a divorcée, Realtor®, Certified Divorce Specialist®, and aligned strategy enthusiast.

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https://JamieMilam.com

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Theresa Viera is a Family Law Attorney, Family Financial Certified Mediator, and the Founder of Modern Legal.

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https://ModernLegalNC.com

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Episode Moments:

06:00 Understanding Community vs. Equitable Distribution States 10:31 Marital vs. Separate Property: Definitions and Examples 19:46 The Impact of Marital Contributions on Separate Property 27:00 Factors Influencing Equitable Property Division 32:08 Valuing Personal Property in Divorce 37:27 Protecting Your Interests

DISCLAIMER: The commentary on this podcast is not intended to serve as or replace professional legal, financial or medical advice. While the insights may have wide applicability, listeners should consult with an attorney, CPA, financial advisor, therapist or physician in your state to obtain advice with respect to your particular issue and/or case.