Divorce is an unfortunate situation that nobody ever imagines that they will be in when they walk down the aisle. However, as we all know, it is the harsh reality of more than half of the marriages in the United States these days. If you find yourself moving towards a divorce, there will be a lot you will need to consider. One of the first things that comes to mind for most people when divorce is on the horizon is property division.
There are a number of factors that will determine who gets what in a divorce. What many people don't think about is that there is more than tangible items like a big screen television or car that make up your joint property or marital assets. Here is a list of what will be considered eligible for division in your divorce agreement:
- Real Estate
- Vehicles, including recreational vehicles
- Anything of financial value
- Investments like stocks and bonds
- Retirement accounts
- Bank Accounts
If you have a prenuptial agreement, you should have a swift and clear-cut divorce. As long as your prenuptial agreement was drawn up by a competent and thorough attorney, your divorce should just be a simple matter of executing that document with the proper paperwork.k.
However, if you do not have a prenuptial agreement, or the one that you have is flawed, you could have a long and difficult uphill battle on your hands. Thanks to the convenience of the internet, many couples opt to download an overly basic prenuptial agreement and fill it out themselves. The result is often an expensive and ugly dispute over marital property and children. For this reason, it is strongly recommended that a proper family law attorney is used to draft and execute pre- and post-marital agreements.