Many times, people fail to understand what the various issues are in a divorce or dissolution. If the spouses do not understand what is at stake, they fail to make the correct decisions. Set forth below are various issues that apply to many divorces and dissolutions that spouses need to consider.
Most parties have a good understanding of their assets.
Tangible assets include your furniture, appliances, vehicles, real estate, boats, campers, etc. Even if those assets are not completely paid for, they will still have some net value. That equity is an asset. Intangible assets consist primarily of financial investments. IRA's, 401K plans and any other pension you or your spouse have through your place of employment.