How specific are assets divided

sunny0ne · 2021-10-21T20:35:20+00:00

Our site SquareFairy will help you in splitting your property efficiently. https://SquareFairy.com provides a new tool called SplitFairy (https://squarefairy.com/divorce-property-split) that helps you try various scenarios to split your property. You will need to register. There are no fees. If you have any questions - reach out on the website.

dday_throwaway3 · 2021-10-21T11:16:58+00:00

Secure all heirlooms offsite. A watch your father gave you, keepsakes from your grandparents, photos of your family, etc.

Any offsite storage locations and the contents thereof will be disclosed during the discovery process. You aren't hiding anything from your wife -- you're simply safeguarding them so they aren't sold or "misplaced".

During discovery, expect to provide *at least* the past three years of all financial documents including bank, credit card and investment accounts. This is a two way street.

Your attorneys are not going to get involved in divvying up housewares, furniture, etc. At most, your attorneys will set a date that a list of items must be divided to each party and failure to do that would bring in a mediator for binding mediation (which you do not want). The attitude you need to take with housewares, etc is "Next year's model is better." And if you're going to try to put a pricetag on things in an attempt to have a neutral balance sheet between the two of you, price everything at 30% of cost which is essentially the Craigslist model.

jgjg9999 · 2021-10-21T14:29:45+00:00

Best bet in my opinion would be to try and talk it out and make a fair agreement with your stbx if possible. You don't want to end up paying hundreds or thousands of dollars in lawyer's fees fighting over small ticket items. Unfortunately you will probably need those funds to fight over the big things.

RalphWastoid319 · 2021-10-21T16:53:58+00:00

Some of this is dependent on state statutes, so take with a grain of salt.

Most people get bent around the axle about kids & custody, if you don't have them then the rest is just marital assets and going before the judge to finalize.

With the exception of heirlooms, which are priceless, most stuff can be replaced. As others noted, place heirlooms in a safe location to prevent something from happening. For the rest of the stuff: Divide those assets you both purchased prior to marriage that you want to keep. Then go through and see if there are items each of you wants that the other does not. You will be left with a pile of items that are disputed; assign a value then start to haggle. Don't forget checking, savings, investment accounts, houses, and cars are open season. Hopefully you all are amiable enough that you can divide your stuff without other people being involved. Other people cost time & lots of money.

In an ideal world, you each would get what you want and move along. But divorce is never ideal and things never go exactly the way you would like. Without kids, separating the assets is just a business deal. Fight for the stuff you really want and put on your best negotiator hat for the rest.

Chip512 · 2021-10-21T02:24:39+00:00

Trying to hide assets is likely a bad move - consult an attorney. Get an attorney, file, start working on an agreement. If you’re in a state that has binding mediation do that - in Texas it’s not cheap (you pay your attorney and half the mediator fee) but worth it - at the end of the day we had an agreement signed that had everything as far as division spelled out.

Title	How specific are assets divided
Author	tanotsurewhattodo12
Upvotes	2
Comments	7
Date	October 21, 2021 12:44 AM UTC (4 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/qcfet9/how_specific_are_assets_divided/
Archive Link	https://theredarchive.com/r/Divorce_Men/how-specific-are-assets-divided.1082711 https://theredarchive.com/post/1082711

Comments