When divorcing spouses cannot agree on how to split their assets, they will rely on an Indiana judge to determine an equitable distribution plan. However, many people don’t know how their financial investments will be impacted by this process. However, Hollingsworth Roberts Means, LLC is here to give you the answer.
Financial Investments as Marital Property
Financial investments are treated as marital property, which means your personal investments could be split between you and your soon-to-be-ex.
Financial investments considered marital property include:
- Vested interests in retirement accounts;
- Bonds; and
- Mutual funds.
It should be noted that financial investments that were gifted to one of the spouses by a third party cannot be split in a divorce. This includes financial investments gifted in inheritances.
Investments Owned Before Marriage
You may be surprised to learn that Indiana considers assets owned prior to marriage as marital property. Therefore, the financial investments you made before you were married may be split between you and your spouse. This also means you may get a share of the investments your spouse made before getting married.
Hire an Experienced Divorce Attorney
Indiana is an equitable distribution state, which means the circumstances of your marriage and your divorce may impact how your assets are split. An experienced attorney can help a judge see the facts of your marriage and divorce, helping you obtain the marital assets you deserve.
Call (888) 211-3888 now to set up an initial consultation with Hollingsworth Roberts Means.