Assets can be divided during a divorce, and ex-spouses must consider a wide range of items when completing this task. It can be difficult to determine how to divide assets, and we can help mediate these situations so that the matter does not go to court. When assets are divided, ex-spouses must decide on everything from their joint bank accounts to credit cards, car payments, and homes. We also must make special provisions for items such as retirement accounts.
In a mutual divorce, ex-spouses can easily come to an agreement that we can submit to the court. We want this to be as simple as possible, but we understand that it can be difficult to determine how to divide the assets. Spouses should decide which credit cards they want to keep, if they need to split up or refinance their vehicles, if they want to sell their home, and how to divide the proceeds.
Remember that judges will make a determination based on the information they have if the case goes to court. This means that the asset division may not seem fair to either party. Therefore, a divorce lawyer will urge their client to come to an amicable agreement as quickly as possible.