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Preparing for the distribution of marital property

On Behalf of | Jun 9, 2018 | Property Division

People who have decided to move ahead with a divorce often have an array of questions and concerns, especially if they have children or are not very familiar with the divorce process. This is especially true for those with a significant amount of wealth, real estate and other assets. Property division can be an especially complicated facet of divorce and it is crucial to be prepared, whether you worry about losing property or are unsure about other financial impacts related to the end of your marriage (alimony, child support and so on).

One of the first things you can do to ease concerns and prepare yourself is to review the laws related to property division, which vary from one state to the next. In doing so, you should have a better understanding of the different types of property that may be subject to division and those which may not be split up. Next, you should try to prepare yourself for the various ways in which the distribution of marital property could affect you, whether it involves real estate, financial accounts or some other type of asset.

People may push off filing for divorce because of property division, but it is important to take the necessary steps forward and do what is best. By preparing yourself for the various ways in which the end of marriage could affect you (financially and emotionally), you will likely be in a better position to handle what lies ahead. Our property division section has more on marital property.