Dividing assets and debts during a divorce can be a daunting task, especially when one spouse may not have access to financial knowledge of the marriage. Many issues should be considered when determining the distribution of property and debts, not just when they are divided now but for future consequences to one or both parties—such as tax consequences, financial planning, cash value versus retirement, or investment amounts, among many others.
While the division of property is often understood to be equal, that is not the legal determination—and equitable does not have the same results as equality in all situations. Knowing your rights is only part of the solution; trusting our attorney to protect your rights is the rest of the solution.