Did you know that there were 746,971 divorces in the United States in 2020? If you are considering getting a divorce yourself, then you are in good company.
You might be wondering about divorce assets and how to divide property in a divorce. That’s a great question. Keep reading for some tips on how to make dividing property in a divorce as easy as possible.
Make a Complete List First
Before you start arguing over who gets what, you need to know exactly what to argue over. That’s why you need to sit down amiably and make a list of all your assets first. It should include everything you can think of, including retirement benefits, cars, houses, any valuable coin collections, and more.
Play Nice (as Much as Possible)
The next step is to have a discussion, as civilly as possible about dividing assets, i.e, who gets what. In most cases, the divide will be easy. Maybe one party cares more about a particular item than the other.
But in other cases, it might not be so clear-cut. That’s when it’s important to come to an agreeable conclusion, so you can end the negotiations faster and move on with your life. There’s no point pulling teeth over something useless, just so you can get back at your spouse and make them suffer one last time.
Some Things Can’t Be Cut In Half
If there are cars, houses, or retirement benefits that need to be divided, you might want to have further discussions about who gets these items or how exactly to split them up. If one person contributed more to the retirement benefits than the other, perhaps, they deserve a bigger piece of the pie.
Unfortunately, there’s no rule book out there that will tell you exactly how to split such items up. It will all come down to how civil you can be to each other and how well you can work with each other to come to an agreement that suits both parties.
Get a Consent Order
Finally, once you have everything listed and decided upon, you will want to get a financial consent order, which is a legal order by the court, making the financial agreement binding for both of you. This way neither party can go back on their word later and come back to cause trouble. No one wants to be dealing with the remnants of divorce years or decades later.
Divorce Assets Need to Get Divided as Optimally as Possible
It might be true that your relationships with each other are strained right now, but that doesn’t mean that you need to take this out on your children, and your future self. Divorce assets should be divided up as quickly and amicably as possible, so everyone can find closure and move on with their lives.
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