#CREATE BOOKLET FOR DIVORCE OF ASSETS TRIAL#

Does he have any claim to the truck if it was paid for with my inheritance?.Will he get half the value of the car if I purchase it on my own?.Can he take the car back if he gave it to me as a wedding gift?.How do I get possession of the car if it's in both our names?.Take a look at the questions below to get an idea of what you should keep in mind when splitting up. Are you concerned about what will happen to the vehicles during the divorce? Will I get to keep the car? Will he have to compensate me if he retains ownership? Take a look at the questions below to get an idea of what you should keep in mind when splitting up? When you're headed for divorce, car and truck ownership is a commonly overlooked issue, but it can cause a lot of grief. If you have more questions about the divorce process, visit our website.Assets in Divorce Cars, Motorcycles, and Vehiclesīy | Updated May 4, 2022 We believe it is important for our clients to understand what to expect. That’s why we put together the above divorce list of assets to help guide you through the process.

It is our goal to minimize the stress and uncertainty by keeping our clients informed about their case as well as the entire divorce process. With so many shared assets, this can be one of the most difficult components of a divorce.

Property and debts designed as separate in a legal contractĪs you can now see, there are many factors to consider when going through a divorce.

Gifts received from anyone (except the spouse) during the marriage or an inheritance.

While there are a lot of grey areas in these cases, separate property can include:

When it comes to your divorce list of assets, separate property is property owned prior to marriage or after divorce is filed. Here are some commonly disputed personal property assets: While the big-ticket items such as real estate, financial and business assets are a major point of contention for some, for others it comes down to the personal, and more sentimental items. Some business information to have handy is as follows: Types of businesses and involved assets can include:Īs you should know by now, the more detail you have the better. If you or your spouse own or share a business, you must divide those assets too. Lump sum and monthly payments collectible now.Percent vested in the plan and years until vested.Contributions and co-contributions made.Pension Funds (401k, 403(b), military retirement, etc) Face and cash value of the policy or policies.Make sure you have as much information as possible in the following instances so there are no surprises: Insurance policies Here’s a list of some common financial assets to split:Ī few of the above assets will require more details. These usually become huge points of contention during divorce settlements. There are surely several financial assets you and your spouse have accumulated together over the years. When it comes to these types of properties, it’s also important to come prepared with the following information about them: Here’s a divorce list of assets we commonly see couples disputing during a divorce settlement: Real Estate AssetsĪny stationary property or land you own falls under real estate assets. Now that you know what the court will look out for, it’s time to know what you need to be prepared for in your own specific case.Īs your case progresses, your divorce attorney will request a list of all marital assets and liabilities. Career goal deferment to benefit the marriage.Trust requirements for medical or educational costs for children or spouse.

Spousal earning capacity and contributions – includes education, experience, time off, job search, child custody.

This list includes, but is not limited to: In divorce cases, the court has a long list of criteria it weighs to fairly divide marital property, otherwise known as equitable distribution.

#CREATE BOOKLET FOR DIVORCE OF ASSETS TRIAL#

While many cases are settled without a trial through property division agreements, often with bitter spouses it’s not that simple. Then we’ll provide divorce list of assets and liabilities you must make sure are factored in so nothing gets overlooked. In this article, we’ll first dive into some factors that the court will consider when dividing your property. Unfortuantely, it’s rarely that easy to do amicably. While it might be easy to decide you don’t want to live together anymore, it becomes difficult to determine who gets what.Ĭouples who can agree to split assets fairly and evenly often experience a much smoother transition. You’ve built a life with this person, some longer than others, and you likely have many shared assets and liabilities. Are you and your spouse thinking of getting a divorce?ĭivorce is one of the most difficult chapters that people may encounter in their lives, and it can get much more complicated than you might initially think.

Create booklet for divorce of assets