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

In Mississippi, non-marital assets in a collaborative divorce are usually not subject to division. Non-marital assets are any property owned individually prior to marriage, inherited property, or a gift received. Non-marital assets typically remain with the original owner and are not subject to division in a collaborative divorce. Marital assets, on the other hand, are subject to division in a collaborative divorce. Marital assets are any property owned during the marriage, regardless of which spouse obtained it. This includes joint accounts, properties purchased after marriage, and any other assets earned or accumulated during the marriage. The couple must decide how to divide these assets and whether they will sell them or assign them to a specific spouse. The couple may choose to use a mediator to help them with the division of marital assets as part of the collaborative divorce. The mediator will help the couple reach a fair agreement on how to divide their various assets. They will also ensure that both parties agree to the same terms and conditions of the division. The final step in the division of marital assets is to seek the court’s approval. A judge will review the division of the assets and make sure that it is fair and equitable. Once the court approves the division of assets, it will become a legally enforceable agreement.

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

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