Determining Who Gets the Assets in A Divorce

property-distribution-400-05370431dYou’re getting a divorce. You want the house, the car, the vacation timeshare and anything else you can get simply because you believe your soon-to-be ex is a louse and you deserve to be compensated for your anguish. Before you hand your list of demands to your divorce attorney, however, there are a number of issues you should consider.

Property distribution in relation to a divorce is more complicated than simply deciding who deserves what. You need to understand the difference between separate property and marital property and what affect comingling the two can have. Also, in addition to the current value of the property, you need to consider the short- and long-term effects of ownership. For a closer look at how property is distributed in a divorce, read Jeff Landers’ article, “Understanding How Assets Get Divided in Divorce.”