Wife argues the trial court erred. When it classified and divided a portion of the parties' Merrill Lynch account. The Appellate Court agreed. The parties maintained a joint tenancy account with Merrill Lynch. It had been opened during the marriage. The proceeds of this account came from the sale of stock. Husband had acquired the [...]
Husband opened a Scottrade account in his own name during the marriage. He also opened a Chase checking account in his sole name. He deposited both his employment earnings and nonmarital inheritance income into the Chase account. Then, he would transfer funds from the Chase account into the Scottrade account. At trial, he proved [...]
IT IS IMPORTANT TO BE CLEAR ABOUT YOUR INTENTIONS FROM THE BEGINNING, IF THAT IS WHAT YOU WANT TO DO.
Too often, when the parties to a divorce begin to divide the assets between themselves, they find that they are not in agreement about how to treat certain assets. Marital assets are assets which are acquired sometime during the marriage, and they are divided by the parties in some fashion by the court. Let’s say [...]