When a couple divorces, there is often a need to divide property. Property settlements can include any assets – a home, investments, and more.
Divorce lawyers conduct a careful discovery process to determine what, exactly, the marital estate consists of and how to arrange property settlements.
- Bank accounts
- Real estate
- Time-shares and vacation homes
- Boats, cars, and other vehicles
Once you know what you have as shared property, divorce lawyers guide clients toward fair distribution.
In most cases, property is divided equally but sometimes, especially when considering inherited property or gifts, there may be different outcomes.
Knowing how you want to divide things helps guide the conversations. And, knowing where there may be points of contention can alert your divorce lawyer to potential negotiations during the divorce process.
Prenuptial and postnuptial agreements can make property settlements easier – especially if spouses held assets prior to the marriage.