How can I ensure that all of our assets are divided fairly in a collaborative divorce?

When going through a collaborative divorce in New York, it is important to make sure that all of your assets are divided fairly between you and your spouse. To ensure fairness in the division of assets, there are a few steps you should take. First, it is important to gather all of your financial information and records. This includes a list of all the property, bank accounts, retirement funds, debts, and any other assets that you and your spouse own together. You should also make sure that you are up-to-date on your taxes. Next, you and your spouse should discuss how to divide the assets fairly. You may want to consider using a mediator, or a third-party, to help facilitate this discussion. During this discussion, it is important to take into consideration each spouse’s needs and wants, as well as the current financial situation. It can also be beneficial to look at what the fair market value of the assets would be, to determine if it is more beneficial to divide the assets or purchase one person’s portion from the other. Finally, you should get everything in writing. This includes a written agreement of the asset division, as well as a record of all the assets, liabilities, and other financial information that was discussed. This will provide you with protection in the future if something goes wrong. By taking the time to plan out and discuss the division of assets, you and your spouse can ensure that all of your assets are divided fairly in a collaborative divorce.

Related FAQs

How can I ensure that all of our assets are divided fairly in a collaborative divorce?

Related FAQs

Related Blog Posts