One of the most important aspects of a divorce is determining who gets what. If you and your spouse accumulated property or other assets over the years, it’s crucial that you calculate the value of everything and determine what you’ll keep and what you’ll get rid of.
Why is it important to understand assets?
Most people think all assets are created equal, but that isn’t the case. Just because you own multiple homes or vehicles, doesn’t mean you’re financially set for the foreseeable future.
Which assets grow?
Assets that grow include:
- IRAs
- Businesses
- Retirement accounts
- Dividend-paying stocks
- Interest-paying bonds
Which assets require upkeep?
Physical assets require upkeep. These include personal residences, rental properties, automobiles, electronics, and livestock.
How can we help?
Every couple has different assets and different goals. We can help you and your legal team understand the value of the assets you hold and the impact they might potentially have on your financial future. After your initial consultation, we’ll determine how your assets might affect the value of your overall settlement. We’ll then use that information to structure a plan that aligns with your unique situation and budget.
To request your appointment, call (985) 674-1120 today.