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Property division matters require carefully planning

| Jan 10, 2019 | Uncategorized |

When you are trying to divide assets during a divorce, you might come across some significant challenges. These will likely stem around the valuation of assets like retirement and investment portfolios. It is imperative that you have them valuated so that you can use the appropriate information during the division process. We know that this might seem like a big undertaking, but it is one that must be done, or you might make errors during the property division process.

As you take the value of the assets into account, consider what keeping them means. If they come with upkeep costs or if you will incur a penalty when you need to use the asset, you might not need to hang on to it. This can add another layer of complexity to the property division process.

We can help you figure out your options for splitting everything up. Oftentimes, it is easier to try to divide the larger assets first and then use the smaller assets to fill in where they are needed. You can also use the marital debts to try to balance things out even more.

Many clients use mediation to try to work out these matters. When you do this, you have a say in what you get to keep. You and your ex will negotiate these matters. You should go into these meetings with a clear idea of what is in your best interests. Take the time to review the asset documents to figure out what you want to fight for and what you are willing to let go to your ex. This can help you keep your stress to a minimum.

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