Separation is difficult enough on its own without the added stress and confusion that often emerges when spouses are dividing their assets. The first step that we at Holam Law PC always recommend to clients is to arrange an initial consultation with an experienced family law lawyer, to identify the property issues and the processes by which such issues can be resolved in a timely and cost-effective manner.
Property Division of Assets for Married Spouses
In order to accurately determine a spouse’s net family property, full disclosure of real and personal property and assets, businesses, and debts and liabilities is crucial. Transparency from the outset is key.
Property Division for Common-Law Spouses
Because a common-law partner is not automatically entitled to the division of family property, any division is much more fact driven and presents its own challenges. It is therefore very important to consult with an experienced family law lawyer if you are separating from a common-law spouse and believe there are property issues.
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