Paul E. Riffel, Attorney at Law
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Difference between marital assets and liabilities – and non-marital assets and liabilities

Equitable distribution deals with the dividing up of assets and liabilities.

The court must first identify what is a non- marital asset and liability and what is a marital asset and liability. A marital asset or liability is defined as being incurred during the marriage, either individually or jointly. In addition to this, enhancement and value and appreciation of a non-marital asset resulting from the work effort of either party – or both of them – can also be marital in nature.

Likewise, a non-marital asset or liability is
one that is incurred prior to the marriage or acquired separately by gift or inheritance. Income derived by the non-marital asset can also be considered non-marital
– unless it was used or relied upon by both parties as a marital asset.

Paul E. Riffel, Attorney at Law

Paul Riffel Law is located in Tampa FL and serves clients in and around Brandon, Tampa, Valrico, Odessa, Thonotosassa, Gibsonton, Sydney, Dover, Land O Lakes, Oldsmar, Apollo Beach, Lithia, Safety Harbor, Trilby, Plant City, Durant, Holiday, Hillsborough County and Pasco County.

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