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Property division decisions might have special considerations

On Behalf of | Mar 1, 2019 | Property Division

The property division process is one of the most stressful things you will go through as you divorce. You and your ex have to divide everything that you have acquired during the marriage. This includes debts and assets, so you need to be prepared to do work to get it all handled. We are here to help you through the process.

Many people who are in this position start off with the larger assets and then move on to the smaller ones before handling their debts. This gives you the chance to ensure that everything is equitable. One thing that is vitally important when you are dealing with property division is to have a plan for the division when you go into the meeting.

When you are thinking about how to divide property, remember that every asset or debt will have both positives and negatives. Your job is to try to balance these out so that you have a settlement that isn’t causing you stress when everything is done.

There are some assets that might have special considerations. For example, the martial home might still have a mortgage on it. You have to think about how this is going to be handled. Will you and your ex sell the home and split the profit if there is one? Will one party buy out the other’s share of the home? Will the parent who has the children the most keep the home to raise the kids and then a joint sale will occur when the kids are adults?

We realize that you likely have questions about what is possible and how different arrangements might impact you. We can help you to find out so you can make informed decisions.

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