How do I ensure that all of our assets are divided equitably in a collaborative divorce?
To ensure the equitable division of assets in a collaborative divorce in California, both parties should consult with attorneys who specialize in collaborative divorce. These attorneys can help protect the interests of both spouses by forming a fair agreement that both parties can sign. The agreement must make clear provisions for the division of property, assets, and debts. When forming the agreement, it is important to consider tax implications when deciding on the division of property and assets. There may be certain deductions available to each party depending on how the assets are divided, so it is wise to consult with an accountant or financial advisor before making final decisions. Another way to ensure the equitable division of assets in a collaborative divorce is to have a divorce mediator involved. The mediator can help ensure that both parties are in agreement with the terms of the division of their assets. Finally, it is always important to keep detailed records of all assets and debts that are accrued during the marriage, and to allocate each item during the divorce. This will help to ensure that the assets are divided fairly and equitably. Collaborative divorce also encourages both parties to be honest about all assets and debts so that the overall agreement is fair and equitable. By following these steps, spouses can ensure that all assets in a collaborative divorce are divided equitably.
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