The division of property is an issue that is central in any divorce case and equitable does not necessarily mean equal. Assets acquired during the marriage are almost always marital assets, meaning that each party will receive his or her equitable share. This is true even in the case where one person did not directly contribute, such as when a court divides a spouse’s pension or 401(k).
Spouses may freely transfer property between themselves during a marriage or divorce proceedings without tax consequences. This type of transference allows parties to avoid a capital gains tax. You’ve worked for years to help build and contribute to the marital estate. Your attorney at Leslie Law Firm is here to assure you that you will receive your share of the assets without undue expense.