Flicker, Kerin, Kruger & Bissada, LLP
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Can a property division checklist help your situation?

When it comes to matters of property division, don't be surprised if you run into a variety of challenges.

As complex as your situation may be, there are steps you can take to ease the stress and put yourself in better position for success. For example, you should consider the benefits of creating a property division checklist.

Here are the categories to include in your checklist:

  • Personal property: If it's an item you keep in your home, there's a good chance it fits into this category. Examples include motor vehicles, collections, antiques, artwork and home furnishings.
  • Real property: Real estate is often a sticking point in a divorce. This can include the marital home, rental property, land and business property.
  • Financial assets: Don't be surprised if you find that this is the most valuable category on your checklist. Financial assets can include bank accounts, retirement accounts, cash, pensions, mutual funds and stocks and bonds (among other types).
  • Business assets: This doesn't impact every couple, but if either individual owns a business, it is likely to come into play. Examples of business assets can include office equipment and real estate.

A property division checklist doesn't guarantee that you'll quickly and efficiently reach a compromise on each and every asset, but it can absolutely help.

With this in place, you'll have a clear idea of the many assets that you need to divide in your divorce.

When you combine a property division checklist with a breakdown of your debts, you should have a better feel for the steps to take and the strategy you can use to protect your legal rights.

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