Besides the matter of child custody, financial matters are one of the biggest issues that come up during the divorce process. In marriages, the two parties involved essentially become one joint party with shared property.
Once this single party is split back into two, assets will need to be divided as fairly as possible between the two parties. Just how to do that fairly can be a little tricky to determine, as there is no cut-and-dry way that the judge will use to determine who gets what in every situation.
Of course, property and assets that are accrued separately by either party with their own funds, either before or during the marriage, will usually clearly belong to the party that purchased them.
However, there is a lot more gray area when it comes to property accrued during the marriage with mutual funds. It is once again best for both parties to try and negotiate these terms fairly themselves, but that is often easier said than done.
Our exceptional family law team is ready to assist you with legal issues like property division and legal separation.