Legal Question in Family Law in Michigan

assets and liabilities

What is considered financial assets and liabilities? Would that include all credit history?


Asked on 2/13/07, 10:09 am

1 Answer from Attorneys
Robyn McCoy McCoy & Associates, PLLC

Re: assets and liabilities

Financial assets are stocks, bonds, pensions, 401(k), monies accrued in the bank accounts. Liabilities are debts that have accrued during the marriage excluding some things like student loans. It not necessarily include a credit history.

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Atty Robyn Nabwangu

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Answered on 2/16/07, 12:33 am


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