How do I ensure that our assets are divided fairly in a collaborative divorce?

In Washington, there are several steps you can take to ensure that your assets are divided fairly in a collaborative divorce. First, you and your spouse should create a list of assets, including all real estate, vehicles, stocks and bonds, bank accounts, and other valuables. This list should be detailed, including the approximate values of each item. Next, come up with an equitable agreement for division of assets. This should include both short-term and long-term goals for asset division. If you can’t come to an agreement, consider mediating the issue with a third-party, who can be an attorney or a qualified mediator. To ensure you are both on the same page, it is important to keep detailed records of everything that is accomplished in the collaborative divorce process, including any agreements or decisions made. This will help you to remember exactly what was decided upon and will be a great reference in the event of a dispute. Finally, it is important to discuss the issue of taxes. This is especially important if the assets are of significant value, as you should understand what your tax status will be after the divorce is finalized. Additionally, those same assets may be subject to taxation when they are sold. Knowing what you are responsible for and when is key to making sure that the division of assets is seen as equitable to both parties.

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How do I ensure that our assets are divided fairly in a collaborative divorce?

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