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Property Division Archives

Know the classifications of assets during a divorce

Property division matters during a divorce can be difficult to handle, but knowing what to expect and learning about the options can help you as you go through it. In Florida, the premise that is used for property division is equitable distribution. This doesn't mean that everything will be equal but that it will be fair.

Property division: Costs versus benefits must be considered

Going through a divorce means that you have to divide up the assets and liabilities of the marriage. When you are trying to work out the property division terms, you will have to think about the specific ways that each item can either harm your future or help it. Your goal is to be able to hang on to the things that will help you as you rebuild your life.

Small and large: Property division covers everything

Dividing property during a divorce is challenging, but with proper thinking and planning, you might be able to figure out what is going to work for your situation. The most important thing for you to remember right now is that you have to make decisions that set you up for financial success in your single life.

Property division can impact you well into the future

The property division process during a divorce can be one of the most difficult aspects of leaving the marriage. Each party likely has an idea of what they want to walk away with. When both adults agree on this, the process is easy. When you both want to the same assets, there can be a problem.

Factors that impact your divorce-related finances

Dividing marital assets can become a headache if there are many to split. Anyone who is facing this possibility needs to ensure that they are thinking about their current financial situation and how the various division options might affect their futures. It is easy to overestimate what you can handle when you are going through a divorce because you're so accustomed to dual marital finances.

The fate of the marital home is a huge divorce consideration

A marital home is the most valuable asset that most married couples own. When the couple divorces, they have to determine what to do with the home. This can be a problematic issue because of the desire of both parties to keep the home.

Property division can be a complex matter

One of the difficult aspects of divorcing is having to go through the property division process. Not only do you have to find and account for all assets, you must do the same for debts. Once you know what must be divided, you need to figure out the arrangement. This is often done through a collaborative process.

Assets and debts must be divided in the divorce process

One aspect of divorce that is true in almost all cases is that assets and debts have to be divided between the two parties. In some cases, this is a simple process but it can also be very difficult if there are complex elements present. We realize that you might not be interested in trying to work through these matters with your ex, but this has to happen for the divorce to end.

Find the positives about your divorce and focus on them

There are a lot of feelings that come along with a divorce. One of these is happiness, but there is also going to be some sadness. When you start to get upset or life seems overwhelming, take the time to be thankful for the positive aspects of the divorce.