Divorce will bring to light many questions regarding property division and equitable distribution. It's a common mistake to assume that equitable distribution results in a 50/50 split.
You have decided to divorce and realize that you have plenty of joint credit card debt to work through. While this can add a challenge to the process, it shouldn't stop you in your tracks.
As you inch closer to divorce, it's natural to turn your attention to your assets and debts. You want to know what will happen to these things during your divorce, and it's important to have a clear idea as soon as possible.
If the time comes to push forward with the divorce process, you should focus a good portion of your attention on matters of property division.
As you begin to learn more about the divorce process, you'll find that the way you divide financial assets is a big deal.
A divorce is sure to change your life in many ways, including the fact that you will probably lose some property to your ex-spouse.
If you decide to divorce, it's only natural to create a property division checklist to ensure that each and every asset is touched on during the process.
There are many things to think about as you slowly move through the divorce process. Like many, your attention may immediately turn to property division. Here's why: You want to make sure you retain as many assets as possible.
Regardless of why you are moving forward with divorce, the process from start to finish should be as fair as possible. While a 50-50 split may not be the end result, the court will only approve a settlement that it considers fair.
Going through the divorce process is one of the biggest challenges of your life. This is even more so the case if you have a lot of property to divide, such as a family home.