When you're going through a divorce, you'll be making a list of all of your assets. This will include real estate, cars, boats, home furnishings, bank accounts investments, retirement accounts, stock options and other assets related to your employment as well as anything else that you and your spouse may be dividing up.
However, there are other marital assets that some people still overlook. These can be important to disclose to your attorney. Here are a few examples:
-- Country club/golf club memberships: Even if your spouse is the only one who spends time at the club and you have no interest in maintaining your membership, if marital assets were used to pay the initiation fee and the annual dues, the membership is a marital asset.
-- Travel reward program points: If you and your spouse have racked up a few hundred thousand miles or points, these can be valuable. Don't ignore them.
-- Collectibles and memorabilia: This can include anything from first edition books to sports memorabilia to a coin collection. You may have considered them one of your spouse's quirky obsessions, but they could be worth a lot of money. If they're on your homeowner's insurance policy, find out how much they're insured for.
-- Gifts you gave or received: Any gifts that you or your spouse gave each other during the marriage are considered marital property. Make a list of all of the jewelry, cars, artwork and other items the two have you have bought each other over the years.
-- Intellectual property: If your spouse has any patents, copyrights or trademarks, those should be addressed in the settlement. They may not be worth anything now, but you never know what could happen in the future.
-- Cemetery plots: If the two of you purchased plots or cremation vaults, don't forget those. You probably no longer want to spend the hereafter buried next to your spouse and perhaps your in-laws, so you'll need to work out what happens with your plot.
It's essential to provide a complete and accurate list of assets to your Florida family law attorney to make sure that he or she can work to ensure a fair division in the divorce. If you have any question regarding whether an asset is an individual or marital one, your attorney can advise you.
Source: Forbes, "Divorcing Women: Don't Forget These Marital Assets," Jeffrey A. Landers, accessed July 05, 2016