Asset Division During Divorce

Asset Division During Divorce

The division of assets during a divorce is often among the most contentious aspects of this particular legal proceeding. It’s highly advisable to contact a family lawyer in Wichita, rather than trying to handle the divorce yourself. An expert in family law can help you understand your state’s specific laws concerning asset division. Often, ex-spouses will retain ownership of items or assets, including inheritances, which they owned independently prior to marriage.

As you’ll learn by watching this video, a family lawyer will advise you and your soon-to-be ex-spouse to create a comprehensive list of all possessions and assets, including savings accounts, CDs, and tangible items. When ownership of an item is in contention, the family lawyer can negotiate with the other party to reach a resolution.