How Are Assets Split During Divorce?
Whenever a marriage ends, many tough decisions and discussions take place to determine who strictly gets what. Couples usually have two decisions that need to be made in deciding on what each spouse receives. They can either work together on an agreement or have the courts decide for you. Simonetti & Associates, a Divorce lawyer in Riverhead, is here to help settle any property division that needs to take place between spouses. To learn more about how your assets will be split in your divorce, contact us today!
Determining what you’re entitled to
In every divorce, both spouses must divide each marital property before you can get a divorce. If you currently live in a community property state, any purchased assets while you’re married will be split evenly between spouses. Also, inequitable distribution states, the courts will divide each of your property fairly between each other, which means that you won’t be getting everything you think you might be entitled to. Mind you, every state has different laws in deciding how much property goes to each spouse. Contact a Divorce lawyer in Riverhead so that they can help you get your assets split evenly.
Dividing the family property during a divorce can be pretty tricky. Assets between each spouse should not be split directly in half based on the dollar amount—deciding who gets what can be a challenge because many assets are determined by whether it’s in the best interest of your short-term, long-term security. It’s best to contact a Divorce lawyer in Riverhead so that they can help you get your assets split evenly.
Leading Factors into Dividing Assets
Here are some things a Divorce lawyer in Riverhead can help you decide who gets which assets in Your Divorce:
- Marriage length
- The total income brought in between both spouses
- Age and physical health of each spouse
- The financial situation when the divorce is over between spouses
- Who can maintain the lifestyle for your children?+
Divorce lawyer in Riverhead
In every divorce, both spouses must divide each marital property before you can get a divorce. Whenever a marriage ends, many tough decisions and discussions take place to determine who strictly gets what. Simonetti & Associates, a Divorce lawyer in Riverhead, is here to help settle any property division that needs to take place between spouses. To learn more about how your assets will be split in your divorce, contact us today!
