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Dividing marital assets does not have to be a nightmare

On Behalf of | Jun 26, 2020 | Marital Property Division

When you love someone for a long time, there are no possessions in the world you would trade for her or his happiness. But that can feel like a hollow sentiment if the time comes to get a divorce. A separation after people have combined their assets can be complicated in legal reality as well as in the world of emotion.

There are a few things to remember no matter what the circumstances are surrounding separation and divorce. The first is to remain calm. It’s always a good idea to recall this specifically before entering into any conversations or dealings regarding the division of marital property. The emotions surrounding the risks of divorce can be overwhelming, but it’s not easy to remember that.

Setting your expectations up front is also important. If something means something to you, you may not have a good chance to express it if you don’t do it right away. It may be tempting to conceal the truth, but it never ends well, as divorce agreements are contingent on everyone being honest.

It’s best to know what you can claim as marital property and what you cannot. If someone owned a property or asset outright before a marriage, it is probably still theirs. If you helped improve it or pay off a mortgage on it, you may have a claim for compensation.

An attorney can help with all of these aspects. Legal representation is often one of the better ideas when you don’t know how to get started with your divorce plans and hold on to what you need.

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