Marital property?


#1

Dear llee7448:

Greetings. What source of funds was used to build the fuel docks? It sounds to me like you may have a mixed asset, but with such a short marriage, I doubt it. Thanks

Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
RosenDivorce.com
919-787-6668

The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.


#2

Married for 28 months. No pre-nuptial signed. All property owned by husband prior to marriage and not in his personal name, but set up in llc’s. During marriage, fuel docks were built at this marina, our home, and the value increased. Prior to marriage, 2 million - now being sold for 4 million. Would the increase in value be considered marital property, after debt is paid and subject to 50% distribution?