How to Claim a Money Market Portfolio During a Divorce
A money market portfolio can grow or decline depending on the market, but it's important to consider if the portfolio will be considered a marital or non-marital asset. Learn about equitable distribution and state laws with help from a certified family mediator in this free video on family law and divorce.
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You're in the middle of a divorce, and your assets and liabilities are being identified and discussed between the parties, and you're just not sure what you can take with you, what you have to leave with the other spouse, what you have to divide. Hello, I'm Robert Todd, and I'm here to answer the question, How to claim a money market portfolio during a divorce? Now, money market portfolio, as everyone knows, can grow or decline, depending on the market, so assets can be added or detracted, and the question is, In your particular state, is this money market portfolio, going to be considered a marital asset, or in some states, a non-marital asset? You want to check the laws in your particular state, because they vary with regard to what we call equitable distribution, from state to state, and if you check your particular state laws, and you're still not sure of whether a money market portfolio in your state, would be a marital asset, or a non-marital asset, you should strongly consider hiring the services, of a family law attorney, who specializes in equitable distribution. I'm Robert Todd, and thank you for watching.