If you decide to move forward with divorce, you know that matters of property and debt division must be handled at some point in the near future.
In a perfect world, you and your former partner would be able to figure things out on your own and then move on. Of course, this is easier said than done. There are many things that can complicate this detail, including couples that amassed many assets, such as real estate, during their marriage.
Other situations that can lead to property division complications include:
- Same sex relationships.
- Common law rights.
- High assets divorce.
- Business valuations.
For example, if one partner has an interest in a high value business, it can make the divorce process that much more complicated.
Along with the above, you have to consider the fact that debt must be divided as well. So, while you’re fighting to get what is yours with respect to assets, you need to realize that you’ll have to take on some of the debt as well. This can put a damper on your plans, but it’s something you need to consider.
With so much going through your mind, don’t hesitate to consult with a legal professional.
At our law firm, we know the ins and outs of property division, divorce, and other related legal matters. It is our job to help our clients better understand their situation. Along with this, we do whatever it takes to provide a high level of assistance during all stages of the divorces process, including property division.