One of the conflicted issues that you may come across during the divorce process is the division of marital assets and debts. First of all, you are not filing for divorce because you are happily married. That given, you are probably not willing to give up on the property you shared together. In addition, you probably are fine with sharing your debts as much as possible. There are several things to consider when working out an agreement:
1) How and when can you obtain access to retirement accounts and pensions?
2) What will happen to your business during a divorce?
3) Can you afford to maintain the assets?
Another issue may be uncovering hidden assets of your partner. Identifying assets that may not be known to you is important because it should be considered in the division agreement. The division of assets and debts is a crucial process because the outcome can affect your finances throughout your life after divorce.
For assistance by an experienced and knowledgeable property settlement attorney call Yanez & Associates. The family law attorneys are located in Tustin Orange County.
