When’s the last time you had an accurate and up-to-date accounting of all your financial accounts? This could include a 401(k), savings account or other financial assets. It could also mean the status of your liabilities, like credit card accounts or auto loans. If you aren’t able to answer these questions off the top of your head – you’re not alone.
When you’re going through a divorce, it’s important to get a full understanding of these questions or more. In order to fully understand your property division issues in your case, it is important to know the status of all marital property assets and liabilities to understand what a fair and equitable asset division would look like. Even missing or undervaluing one account could shift the entire perception of the process.
At our law firm, we work with our clients to attempt to ensure that there is a full accounting of all financial accounts that are between spouses. Sometimes, a hidden account makes itself known. Maybe you have a specific goal that you want to accomplish with the property division process? It is important to approach that particular initiative and understand what a realistic approach might be to achieve it.
A divorce case can be complicated. The dissolution of a marriage is exactly what it sounds like – the dissolution of what was built between a couple. Whether you’ve been married two years or 20, there can be many questions associated with the divorce and, specifically, with property division. Ensure that you are achieving everything you want with a tailored approach to your divorce and property division.