Specific Assets

I have already discussed the general rules governing the division of assets and liabilities in a divorce (Property in General). The asset picture in the great majority of divorces is dominated by several big ticket items which constitute 80% or more of the parties' marital net worth. I will examine two such assets that merit individual discussion.

The first and most obvious asset is the marital home. The second, though not an issue in the majority of cases, is nonetheless arising in precipitously greater numbers. I am referring to a family business, typically a small one. The reason I suspect for its growing prominence is the favorable economic environment we saw in the 90's.