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(561) 338-5297 Boca Raton Divorce Lawyer & Family Law Attorney

Asset Characterization

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Asset Characterization Lawyer Boca Raton

In a divorce, the division of marital debts and assets is something that has to be done. This division is not equal, but it is equitable, which is considered a fair way to divide assets and debts based on a number of circumstances. The different types of debts and liabilities include:

  • Money
  • Property
  • Retirement accounts, profit sharing, and deferred compensation
  • Property value increase because of the contribution of marital funds or the efforts of either spouse, such as in the case of building a business or maintaining a home
  • Any assets and liabilities acquired during the marriage jointly or individually by either spouse

If you are facing divorce, the equitable distribution of assets and debts is one of the things that must occur. This is a process that your Boca Raton divorce attorney will help you with so you can ensure accurate reporting and also make sure the other party is accurately reporting assets.

Accurate Asset Characterization

Before the marital property can be divided, it is important to know what assets are included in the marital estate and which ones aren’t. This is the key to property division and sometimes disputes can come about because the parties don’t agree with what is a marital asset and what isn’t.

The term “asset characterization” is typically used to cover the questions regarding a particular piece of property. Assets are characterized as either separate property or marital property. If it is separate property, then it is not subject to division, as it stays with the person that owns it.

Ronald M. Zakarin has a great deal of experience with asset characterization issues concerning real estate, property acquired before marriage, professional practices, prenuptial agreements, and investment accounts. This is experience that he is able to put to work for you so that assets are characterized properly and can be distributed accordingly.

Advocating For Your Future

Asset division is important since it gives each party the tools and the assets that they need to move forward. Some assets are more important to one party than the other, which is something that is taken into consideration when dividing the assets. Your attorney can make your wishes known and create a strong case as to why you need a specific asset. Perhaps you are the primary driver of a particular vehicle that you want to keep or you have custody of the children and there is a specific asset that will benefit them. There are ways that your attorney can advocate for you to receive the assets that you need.

Contact A Florida Family Law Attorney

Asset division is a major part of the divorce process and it is important to characterize assets for what they are. By having an experienced divorce attorney by your side, you can ensure that your assets are divided accordingly. To learn more about how the Law Offices of Ronald M. Zakarin, P.A. can help you, call 561-338-5297 to schedule a free consultation.

What Our Clients Are Saying:

  • Ronald made this, otherwise, stressful experience as seamless as possible. For someone with dyslexia, I worried about understanding all of the technicalities involved in my case. He walked me through every step and every detail with ease. Ron was always there for me, just a phone call away. Overall, he was an understanding and caring person who went above and beyond to help me through this trying time.

  • Mr. Zakarin did an exceptional job in my case. He was professional, knowledgeable and answered every question I had with professionalism and honesty. He kept me informed throughout the case and fought for me until the case was resolved.

  • Ron Zakarin was recommended by a friend after a bad automobile accident. Upon meeting him he seemed like a regular guy ,then when he started talking I saw the passion and toughness. The understanding, professionalism and access of Mr. Zakarin's office , made a bad experience more tolerable. The silver-lining in my experience was the result. Six times the settlement I expected and the top maximum available settlement possible! I would recommend Zakarin to all of my friends...and none of my enemies!

  • Ron Zakarin has been my personal attorney since 2004 and as such has guided me effortlessly and professionally as well as thoroughly through all of my legal venues including prenuptial, marriage, dissolution of marriage, will and estate planning, vetting of criminal defense attorneys for a family member in another state an any and such other questions I pose. Ron has always been responsive, thorough and willing to listen and delve into areas that my not be his professional forte but will work with others who are experts in any area needed. His billings are itemized and precise and fair. I have referred others to Ron and his firm and will continue to do so. Ron always returns my calls and if for some reason he is not available he ensures that someone from his office returns my calls and obtains the information I require or provide assistance.

  • Ron assisted me in a complex legal matter in a critical situation regarding child support for my special needs child who was turning 19. Had it not been for Ron's efforts, my ability to provide a home , medical needs, clothing and food for my son would have been in jeopardy. Ron also assisted me in a number of legal matters and has always been there for me. Ron is compassionate, caring and knowledgeable in all areas of family issues.

  • Ron has been very helpful and makes the client feel important. Their problems are important to him. He is attentive and cares about his clients. I woild strongly recommend Ron if I neeed an attorney.

  • My teenage son was nearly fatally injured in an automobile accident, medivacted to a trauma center and in a coma for three weeks. His care was excellent but the medical bills were astronomical. Ron Zakarin and his firm took control of the case the day after the accident, ensuring he got the best care possible. Throughout his recovery Ron and his team worked hard to negotiate with the insurance companies and medical creditors to keep everything under control. In the end my son recovered fully, all the medical bills were negotiated and paid, the law firm was paid (industry standard rates) and my son still had a sizable sum to bank for any future medical needs. The actual medical bills alone were more than the available insurance! Even after everything was settled Ron personally keeps contact to make sure my son is still doing well. More than a lawyer or law firm, they truly were partners for our legal needs and made the best of a terrible situation.