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Asset division isn’t always clear cut in a divorce

On Behalf of | May 19, 2017 | Property Division

There are many things that you have to think about when you are going through a divorce. Each decision you make has the potential to affect your life in profound ways. The property division process is one that you must think carefully about. We can help you evaluate the options that you have for dealing with this process.

When you are trying to divide up property, you can’t think solely about how much the property is worth. You also have to think about what the property is going to cost you over time. For example, you might want the marital home, but if the mortgage is upside down or the home needs renovations, bypassing it might be the best thing for you.

Some other assets have other considerations. For example, retirement accounts and investment accounts might not need to be counted at face value. Instead, they would need to be valuated to determine what value should be assigned to them during the property division process. This, as well as valuating business holdings, might require that a professional steps in to handle these points. It is imperative that the valuation is accurate so that you know what you need to consider for each asset.

We know that you might have some concerns and questions about what you need to think about. We can help you get those answers so that you have a comprehensive understanding of these considerations. Once you know the options you have and how each one might affect you, it is possible to decide what types of property division settlements you are willing to accept.

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