What is the difference between “income” and “assets” in a divorce proceeding?

Assets are usually split according to a community property or equitable distribution scheme and these would be things like real estate, expensive jewelry, copyrights/trademarks, GOLD, stamp collections, companies, bonuses, lottery winnings, stocks, bonds, trust funds and other indices’s of “wealth” that may not be so liquid, like “appreciation,” “goodwill” and “stake.”

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Assets are usually split according to a community property or equitable distribution scheme and these would be things like real estate, expensive jewelry, copyrights/trademarks, GOLD, stamp collections, companies, bonuses, lottery winnings, stocks, bonds, trust funds and other indices’s of “wealth” that may not be so liquid, like “appreciation,” “goodwill” and “stake.”

It's only fair to share...Digg thisShare on FacebookShare on Google+Print this pageTweet about this on TwitterShare on LinkedIn