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What are your property division priorities?

On Behalf of | Apr 5, 2024 | Asset & Property Division

As you navigate through the complexities of your divorce process, you’ll need to do what you can to remain focused on your short-term and long-term goals. This is easier said than done, as you may be regularly tempted to give into your emotional responses to your circumstances. But, when it comes to the “legal side” of things, remaining focused can help you to secure a healthier, happier future, and that is worth fighting for.

Consider, for example, the division of your marital property. Have you determined what your priorities are for this process? If not, it’s time to start. Embracing a focused approach to this process can help to ensure that you receive a fair distribution of your marital assets.

Getting started

Begin by considering the assets that hold the most significance to you. Is it your family home? Perhaps it’s a retirement account that symbolizes your security and dreams for the future. Or maybe you are most attached to personal items; perhaps heirlooms passed down through generations. Identifying these priorities is the first step towards advocating for what truly matters to you in the division process.

Now, think about the practical aspects of your situation. How will your financial stability be affected post-divorce? Assessing the long-term implications of retaining certain assets versus others is important. The family home requires expensive mortgage, taxes and maintenance obligations. Are you prepared for these responsibilities, or would it be more prudent to seek a different arrangement that better aligns with your financial future?

You’ll also want to reflect on the concept of fairness and what it means to you in the context of your divorce. Property division isn’t just about the legalities; it’s about finding a resolution that feels equitable, allowing both parties to move forward with dignity.

The decisions you make now will lay the groundwork for your future. Prioritizing assets that align with your lifestyle, goals and personal well-being can be empowering, providing a solid foundation from which to start anew.