Brown Law, P.L.
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‪#‎Family‬ ‪#‎Law‬ ‪#‎Divorce‬

Dividing the family’s property during divorce can be quite difficult, especially if there are significant assets such as houses, rental property, retirement and pension plans, stock options, restricted stock, deferred compensation, brokerage accounts, closely-held businesses, professional practices and licenses, etc. Deciding who should get what can be quite a challenge, even under the most amenable of situations. But, if your divorce is contentious, then this can be especially complicated.

Assets should not necessarily be divided simply based on their current dollar value. You need to understand which assets will be best for your short- and long-term financial security. This is not always easy to discern without a thorough understanding of the asset itself — its liquidity, cost basis and any tax implications associated with its sale.

However, before we go any further, we need to discuss the differences between Separate and Marital Property and why that’s critically important to you. In my experience, this is an area that is not well understood by most people.

http://www.huffingtonpost.com/galtime/understanding-how-assets-_b_3441552.html?utm_hp_ref=divorce-laws

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