Property division in a high-asset divorce can be one of the most complicated parts of the process. You may have assets that other couples do not, which only adds an additional layer to the process. If you and your spouse own valuable art, you may wonder how you will...
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Complex Property Division
How should I deal with my joint accounts in divorce?
Divorcing a spouse often means disconnecting different financial accounts from your wife or husband. You probably have to close out joint bank accounts and credit cards while setting up new ones in your name. However, you might fail to completely cut off your ex from...
What are alternatives to dividing a 401(k)?
Dividing up retirement accounts in divorce is not always easy. In the case of your 401(k), you cannot even use your divorce settlement to split it between you and your spouse. Instead, you must use a Qualified Domestic Relations Order to divide its contents. You may...
Considerations for a jointly owned business in a divorce
Dividing up assets during a divorce is challenging, and it is even more difficult when the couple owns a business together. When it comes to figuring out what to do with the business, there are three main options. However, the value of the business is a factor, and...
Divorcing couples need to divide rental properties
You and your spouse may already have a plan for dividing your family home during the divorce. However, you also have to split your rental properties. Massachusetts has guidelines you have to follow as you decide how to handle rental units. According to the General...
Does my retail business have intangible assets?
If you and your spouse share ownership of a retail business, you will have to determine the value of your enterprise during your divorce. The valuation process helps assign a proper value to your and your spouse's share of the business. As you valuate your company, be...
Dividing credit card rewards may not be easy
There are so many types of property that may become eligible for division in a divorce settlement that it is easy to overlook something. Some couples do not think much about the reward points they earn on their credit cards. However, a couple should consider paying...
Why should you keep an eye out for hidden assets?
Going through a divorce is enough of a pain without feeling like you cannot trust your spouse to honestly report their assets. Unfortunately, this is the exact situation that hundreds of divorcing individuals deal with every year. What happens if you notice some...
Is your spouse hiding cryptocurrency?
When you begin the divorce process, one of the many steps involves declaring the marital property you and your spouse share. This includes tangible objects like the family car or your home. It may also involve bank accounts or other trusts you or your spouse benefit...
How do courts decide pet custody?
Property division during divorce is often complex. Spouses with intermingled finances experience difficulty determining the difference between shared and separate assets. They may also have trouble deciding who gets how much of each shared asset. If you shared pets...