See below to find out what counts as marital property subject to division in a divorce…. 

Generally speaking all assets and debts accumulated throughout the marriage is considered joint property. Keep in mind if you have a prenuptial agreement the info below may not apply to your situation and you should talk to a family attorney to make sure you are protected. 

What things are considered assets? 

1. Money 

2. Property 

3. Retirement accounts 

4. IRA’s  Deferred compensation 

5. Profit sharing accounts 

What is considered a liability?

Any kinds of loans or other debt such as student loans, credit card debt, car loans, and mortgages.