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Think about the future when dividing property in a divorce

Think about the future when dividing property in a divorce

Who is going to keep the house? What is going to happen to the retirement accounts? Who gets to keep the stained glass butterfly collection? All of these are examples of questions that will come up during a property division meeting during a divorce. How these are answered depends on a variety of factors. We can help you determine what options you have to get these questions answered.

The first consideration in these cases is whether there is a prenuptial agreement or not. If you have one, the way property is divided will be based on the terms of that agreement. Without this, you and your ex will likely work through mediation or a similar process to determine what is going to happen to everything.

You should remember that there is more to property division than just dividing the assets. You also have to divide the debts that you accumulated during the marriage. In most cases, you can use the debts to balance out the asset division. We can work with you to find out what goals you have for your case so that we can try to formulate a plan to make these happen.

As you are working on the negotiations for this aspect of divorce with a family law attorney in Indianapolis, make sure that you are thinking about your future. You don’t need to be saddled with high debts without the assets to back you up. You also don’t need to end up with all of the assets that come with great costs. Even if it looks nice to have those on paper, you might find that the costs associated with some of these might strain your finances later.