How do I divide non-marital and marital assets in a collaborative divorce?

The division of both marital and non-marital assets is a key part of the collaborative divorce process in Alaska. The state of Alaska adheres to the principle of equitable distribution when determining the division of assets. This means that, regardless of whether the asset is marital or non-marital, it must be divided fairly between parties. In most cases, the divorcing parties will come to an agreement regarding the division of assets through negotiations. This is done through a series of meetings in which both parties, their attorneys, and possibly their financial advisors, will discuss and reach a consensus regarding the division of marital and non-marital assets. In some cases, it may be necessary to hire a third-party mediator to help facilitate the negotiation process. This can help ensure an equitable division of assets while avoiding any potential disputes. It is important to note that, while the division of assets is often based on equitable distribution, there may also be other factors to consider, such as the contribution of either party to the acquisition of the asset, the tax consequences of the division of assets, and any other considerations that the court deems necessary. It is important to work closely with an experienced attorney throughout the collaborative divorce process in order to ensure that all assets are divided in a fair and equitable manner. This will help ensure the best possible outcome for both parties.

Related FAQs

How do I divide non-marital and marital assets in a collaborative divorce?

Related FAQs

Related Blog Posts