Think about your future when considering property division issues

On Behalf of | Jun 3, 2016 | High Asset Divorce |

Real estate division during a divorce is something that can lead to you starting your new life with a good financial backing or starting your new life with your head barely above water. It is crucial that you fully understand what you are getting your hands on when you are going through the property division process.

There are several factors that we must consider when we are trying to determine how real estate is going to be handled in the divorce. The value of the property is one of the important factors, but there is so much more to consider.

We also have to consider the amount of money that is still due for the mortgage. We have to consider the cost of paying the property taxes and the upkeep of the home. Those expenses could make a huge difference in your lifestyle after the divorce.

Think about it this way. If the mortgage payment, upkeep, property taxes, insurance and other regular expenses are close to your income or over your income, you might end up stressed out. Eventually, you will likely end up having financial troubles that are hard or impossible to overcome.

Looking at the entire picture of what is going on is crucial when you are going through a divorce. During the property division portion of the divorce, you should try to think about how each possible settlement is going to affect your future. If it is going to lead to stress, that might not be the best option for you. In that case, we might need to go back to the drawing board.

  • Avvo Rating  8.7 Mark Abzug Top Attorney
  • We Are a Featured Business in Our City

Contact Us Today