During the Divorce: 

Dividing Assets

 

Although property division between you and your spouse can be resolved relatively quickly and cost-effectively if you do not have significant assets or debts, the task of classifying and dividing property and verifying income are more difficult when complex financial assets, co-mingled inherited assets, joint titled assets and/or co-owned business are involved.

Asset division gets far more complicated if there is concern about hidden assets, or if your spouse is self-employed, has a pension, 401k or other retirement account and needs to file for a Qualified Domestic Relations Order (QDRO) to be able to obtain these assets, or if there is an executive-compensation package.

Other assets to evaluate are:

  • Third-party real estate interests
  • Different marital and pre-marital assets
  • Inherited property: how has it been utilized or how are the assets held?

In these cases, the dissolution of your marriage requires extensive analysis and planning.

OTHER TOPICS RELATED TO "DURING" THE DIVORCE: