How does divorce affect a couple’s assets?

In Indiana, divorce can have a significant impact on a couple’s assets. Indiana is an equitable division state, which means that the courts will use their discretion in determining how assets will be divided. Under this system, the court will take into consideration a variety of factors, including contributions each spouse made to the marriage (financial and non-financial) and the earning potential of each party. This means that the court can decide to divide assets between the couple in an unequal manner. As a result, it’s important for both parties to protect their assets before, during, and after the divorce. If the couple is unable to come to an agreement on how assets should be divided, the court will make the decisions for them. When assets are divided during a divorce, a couple’s current and future financial security can be impacted. Assets may be divided unequally, meaning that one spouse may end up with more money than the other. Furthermore, pensions, retirement accounts, and other investments need to be split during the asset division process. Depending on the size of the assets, this could create a significant financial burden for one, or even both, of the parties. Ultimately, divorce can make a significant impact on a couple’s assets. It’s important for both parties to know their rights and responsibilities when it comes to asset division. Couples should also take steps to protect their assets before, during, and after the divorce. It’s best to go into the process with both parties being aware of the potential risks and costs.

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How does divorce affect a couple’s assets?

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