The process of going through a divorce can bring up a lot of questions for those involved. This can include the division of assets, such as savings accounts, 401k, property and anything else that is considered marital property. It can also mean finding a parenting plan that works for the divorcing couple and any children they may have.
These are just two topics that can come up during a couple's divorce. Depending on their unique situation, a divorce process can look different for different people. That's why it's important to understand the unique circumstances and topics that can come up and affect your particular divorce. At our law firm, we do our best to guide our clients through the divorce and property division process.
The goal of property division under the law is for a fair and equitable division of assets and liabilities. But, not all things are considered marital property. It is important to have a full accounting of assets and liabilities. Failure to account for something can cause a person to have an improper understanding of total marital property. For example, failure to account for a $50,000 stock and bonds account could mean this number isn't accounted for in the property division strategy during mediation, negotiation or litigation.
Some marriages are able to end in a manner in which the parties are amicable and able to communicate. However, not all people are able to be in this positive place while going through a life-changing event like a divorce. Sometimes, the events surrounding a divorce can cause emotions and a breakdown in communication that can make negotiating the property division process tough. Whatever the situation, we do our best to help our clients get the best possible outcome.