In divorce, every aspect of your marriage receives scrutiny. Among them include division of assets. When going through a divorce, you want to make sure that you receive your rightful share of the assets accumulated during your marriage. These are known as marital assets and may include your house, vehicles, a family-owned business along with certain portions of retirement plans.
Sometimes, though, divorcing couples fail to overturn every stone when examining assets. And some of these overlooked assets have special significance. This list may include family pets, vintage baseball cards and antiques. These assets, too, must get proper attention and fairly divided in divorce.
Pets and sporting tickets
Here are some overlooked assets in divorce:
- Pets: In many cases, people consider certain pets as members of the family. There have been some custody battles pertaining to pets such as a dog named Max, a cat named Tiger and a python named Monty.
- Storage units: These are often overlooked because they are in storage, and you really did not know what to do them. However, they may contain an abundance of sentimental and valuable treasures that include photographs, mementos and collections.
- Sporting and event tickets: Sports fans may have a deep dedication to the Harrisburg Senators and Baltimore Ravens having long held season tickets for each club. They may hold significant sentimental value.
- Collectibles: This list likely varies from family to family and may include fine art, antiques, toys, super-hero statues, comic books, coins, vintage baseball cards and even wine. Work with a valuations expert in determining their value.
- Tax-related refunds: These, often, are marital assets. Such is the case, too, when couples separately file their taxes.
You want to make sure to review assets within your marriage. Some of these assets, occasionally, are taken for granted or simply fall under the “I just assumed …” category. Assumptions do not count, especially when these assets hold great value and significance.