Property Settlements
Photo by Lukas from Pexels
When a couple divorces, there is often a need to divide property. Property settlements can include any assets – a home, investments, a business, stock options, and more.
Divorce lawyers conduct a careful discovery process to determine what, exactly, the marital estate consists of and how to arrange property settlements.
Once you know what you have as shared property, divorce lawyers guide clients toward and equitable distribution. But, what one spouse considers fair may be something very different from the other spouse’s perspective.
Bank accounts
Investments
Stocks
Bonds
Real estate
401Ks
Businesses
Pensions
Art
Furniture
Collectibles
Cars and other vehicles
Patents
Boats
Antiques
Time-shares & vacation homes
In most cases, the property is divided equally but sometimes, especially when considering a business interest, varying contributions during the marriage, inherited property or gifts, there may be different outcomes.
Knowing how you want to divide things helps guide the conversations. And, knowing where there may be points of contention can alert your divorce lawyer to potential negotiations during the divorce process.
Prenuptial and postnuptial agreements can make property settlements easier – especially if spouses held assets prior to the marriage.
Legal Process Blogs
It’s Never Too Late
I met with a client recently who wished he had...
Divorce: 80% Emotion, 20% Law
Recently, I had the opportunity to speak at...
Tax Changes & Divorce
The new tax code isn’t making it easier for...