Divorce, Assets, and Debts: How to Deal with All These If You Don’t Know Where to Start?

In many cases, a divorce is like a battlefield. Why? Because in all countries, couples who face divorce are actively fighting for children and money. This is quite logical but causes quite a lot of difficulty that portends a lot of stress. Let’s stop on considering such an issue as money.

Almost all couples who go through a divorce process are faced with split accounts. Unfortunately, this issue complicates the whole process, because the parties do not always actively agree with each other’s opinions and often questions regarding justice in the context of the separation of assets arise. The main rule in separation is equality. But in practice, not all spouses can equally divide their assets and debts.

What to do if you find yourself in a similar situation? Let’s look at the main points and the ways on how to deal with these issues.

Where to Start in the Matter of Splitting Assets and Debts

Despite the kind of professional help you choose, you need to prepare many documents. And you will have to do the preparation of such documents independently since no specialist can do this for you.

So, the first thing you will need to make is a list of absolutely everything that you have. After that, you can find out with a specialist the market value of everything that is common and is purely yours. Then you will need to fill out a declaration. Your spouse will do the same.

The main nuance in this work is the reliability of all information. Remember that hiding any information can be used against you and lead to fees from the court. If your spouse hides any information, you will need to indicate this fact.

After you have completed the list of assets and debts, you must compare this document with the document of the spouse. Do you have disagreements or everything satisfies both parties?

If you agree and have no disagreement, then you will not need court assistance. But if there are disagreements, you will have to go to court to resolve this issue. Please note that in any case, the separation must occur in equal parts. Do not expect the outcome of the case, when all the common assets will be left only to you. Keep your mind sober, otherwise, because of high personal desires, you can stretch the process of divorce for a very long time.

Who Can Help Settle Financial Disputes?

Typically, both parties should come to an agreement regarding equitable separation. This applies not only to split bank accounts but also to debt. However, such a separation is not always physical. For example, you will have two accounts with different amounts of money. In this case, one of the parties can get more than the second. For this reason, such a question requires the help of professionals, since in practice it is extremely rarely possible to peacefully resolve these issues.

If you do not know where to start, then you will need the help of a lawyer. But this option is not always suitable because of the high cost of an attorney. Therefore, if this is your case, then you can consider an online divorce service. All you need is to find a suitable service that will deal with superior court divorce forms. In fact, this solution portends an easy divorce online. So you can consider the online divorce filing to solve such complex issues that concern accounts and debts.

If you understand that your lawyer cannot help you resolve disputes, then you can use the services of financial intermediation. This is also not a bad option, with which you can agree on the issues of separation of both debts and assets.

It’s Time to Conclude

The issue of separation of assets and debts is always very complex and requires the help of professionals. It rarely happens that spouses can come to a mutual agreement on their own. Therefore, in order not to delay the whole process, you better immediately discuss with your spouse whose help you will use.

Of course, it will be great if you manage without a court and decide all the issues yourself. But if not, now you know which specialists can help you with such issues.

Law Corner