Dividing Assets in a Divorce

Posted by on Oct 4, 2013 in Healthy Separation and/or Divorce Counseling | Comments Off on Dividing Assets in a Divorce

Depending on how diverse a family’s assets are, figuring out how to divide them accurately can be challenging.  Assets should never be valued solely on the basis of their current monetary value. A thorough understanding of short and long-term financial goals, coupled with information about liquidity and taxes, are necessary in order to guarantee an equitable distribution.  Also, it is important to understand the difference between Separate and Marital Property, which differs from state to state. An example would be a piece of property owned by either spouse prior to the marriage.  There are many other subtleties to learn about different types of marital property.

Read the full article here: Understanding How Assets Get Divided In Divorce

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