What is a monetary award?

In some cases, it is impossible for the court to divide marital property. For example, if your family has one car, the court cannot equitably divide a car and preserve it as a useful asset for both parties. You can't cut a car in half and still drive it. A monetary award may be granted in divorce as a way to equalize the value of assets that can't otherwise be divided.

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Shelly M. Ingram's Profile Image
Shelly has devoted her legal career to family matters both in and out of the courtroom. As a child of divorce and a person who has been divorced herself, Shelly understands the uncertainty and frustrations of custody and divorce... Read More