Divorce may include a wide variety of difficulties, but dividing assets is one aspect of divorce that presents obstacles doe many couples. However, it does not have to be that way. If one is equipped with the proper legal information and a calm head, then a relatively painless divorce may be possible. The following are a few tips to help Minnesota couples manage a smoother and divorce.
When it comes to property division, it is important to remember that complete financial information from both parties needs to be exchanged in order to properly and accurately divide assets. This exchange of information can be voluntary or by court order.
To move things along and reduce the contention associated with litigation, it may be best to exchange financial information voluntarily and early. Refusing to exchange information, like business assets or retirement accounts, only prolongs the inevitable and can lead to increased costs and delays in legal proceedings. Maintaining open and honest communication through the divorce process will both expedite the process and significantly reduce the emotional pain and suffering that can accompany divorce.
In addition to exchanging information and retaining open lines of communication, it is also important to avoid unnecessary bickering. People often fight about things that aren't pertinent to their split, especially when dividing assets of sentimental value. Keeping an eye on the goal and maintaining civility will help both parties stay on track and move forward.
Obviously, these are just suggestions. Every couple's divorce presents a unique situation, so a litigated divorce may be the best option in some instances. Yet it's probably not beneficial to make divorce proceedings unnecessarily complicated. Of course, dividing assets and reaching a divorce settlement is complicated, so having a trustworthy legal representative can ease the process.
Source: Huffington Post, "Top 5 Ways To Save Money During Your Divorce," Susan Saper Galamba, Nov. 7, 2012
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