When you decide to move forward with divorce, you know that there will come a time when you have to discuss matters of property division.
The division of marital assets is easier said than done, as both parties will fight for what they believe is theirs.
The first thing you should do is make a list of all the assets you own. Furthermore, break down this list into separate and marital property. While your ex-spouse may not agree with your list, you have the right to make note of the items you believe are yours and yours alone.
Moving forward, you’ll find yourself working with your former spouse to separate both assets and debt. It’s important to realize that debt will also come into the equation, which can include but is not limited to credit cards and personal loans.
In some cases, divorcing couples can work through matters of property division in mediation. This gives both parties the ability to speak their mind and negotiate everything that needs divided.
When mediation doesn’t work, litigation is the last option. With this, the court will step in to make important decisions regarding the division of property and debt.
At our law firm, we know that property division can be a big hang-up during the divorce process. Over the years, we have helped many people make their way through this without too much additional stress.
If you’re going through divorce, if you’re worried about property division, don’t waste another day overlooking the impact this will have on you now and in the future. It’s time to take action.