In our previous blog post, we discussed some of the factors that can affect property division in a divorce. Those factors aren't the only ones that can affect your divorce. Other factors, such as your preferences, your ex's preferences and your willingness to compromise during the property division process can also have an impact on what assets and debts you have when you start your new life.
We know that having to part ways with some of your assets can be an emotional time. It is important that you don't let your emotions get in the way during the process. Instead, you have to keep a level head so that you can focus on how the property division settlement sets you up for your new life.
When it comes to dividing property, we know that not all properties are easy to divide. Trying to decide if you or your ex will buy out the other person's share of the marital home or if you will sell the home and split the proceeds is one example of the types of decisions you will have to make. While it is easy to say you want to keep the home, you have to determine if you will be able to pay the mortgage, keep up with the insurance, pay the property taxes and cover the costs of upkeep.
We can help you to find out the ways that property division settlements will affect you. From there, we can help you to learn if there are any options that might help you get started in a more secure financial situation.