How Assets Are Divided Under State Family Law
Divorce is the end of the road for marriage and means that you are parting in every way. This included dividing assets accumulated before and during the marriage. Each state's laws vary on how assets should be dispersed between spouses. Pre-nuptial agreements can protect some assets such as a home owned before the union. When there is no pre-nuptial agreement, even items acquired before marriage must be accommodated for. In many cases, the assets may need to be sold and the money made is divided evenly between the two of you. Some states do award equitable shared where both parties receive different percentages. Divorce attorneys can help you identify and determine the value of assets along with negotiating for your best interest. It is always better if you and your spouse can reach an agreement on how all assets should be divided. If you cannot, the decision is left to the judge in most states. Divorce courts deal with all types of assets including frequent flyer miles,