If you and your spouse have made the difficult and much debated decision to divorce, it's time to look to what's next. There are many emotional and also administrative aspects to consider when going through a divorce. However, there are areas where the two intersect. One of those topics is child custody and the other, property division.
Property division is a topic that often raises many questions. Who will get the house? How do we divide our 401k in a way that is fair and equitable to both divorcing spouses? What about credit card debt - how do we handle who pays what? While it can feel overwhelming initially, the process of property division can be decided in a way that is agreeable to both parties.
The law states that the process should be fair and equitable for both parties involved. That term can feel pretty vague to many, but essentially it means that no stone will be left unturned. All financial aspects will need to be gathered, accounted for and then the property division process will begin. A negotiation is often necessary between you and your divorcing spouse and can be a productive way to achieve goals of the property division on both sides.
At Select Legal PLLC, we know just how important the divorce process is to be done swiftly and in the best interests of those involved. Divorce can raise a lot of questions. Many of them surround the process of property division. Get answers to these questions and move forward accordingly.