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How can you agree on how to divide property during divorce?

| Aug 9, 2019 | High-asset Divorce |

A high-asset divorce has a lot at stake, so it’s understandable that you want to fight for as many of your assets as you can. Attorneys who handle high-asset divorces are an important part of the equation. Your attorney has experience working with people in similar situations to yours, which means that they’ll have great insights into how to protect your assets and keep as much as possible following your divorce.

Making good financial decisions during a divorce can be difficult with the emotions that are at play, but you need to try to think rationally. Sit down and look at all of your assets, make sure they are appraised and that the appraisals are agreed upon between yourself and your spouse. Knowing how much you have to lose can help you look into what exactly you need to keep and what you’d like to keep, so you have firm footing during negotiations.

What should you do if you can’t agree on how to divide your property during your high-asset divorce?

The good news is that you live in a state with equitable distribution laws, so you can fight for as much or as little as you’d like. You will be able to negotiate through your attorneys or sit down with a mediator or arbitrator to come up with a solution. If all else fails, you and your spouse can take your divorce case all the way to the judge, who will make a ruling. Regardless of how you feel, a ruling will be out of your hands, so it’s best if you both can resolve your property division concerns out of court.