Asset Splitting for Divorce

Asset Splitting for Divorce

“Many receive advice, only the wise profit from it” Harper Lee

Going through a divorce is a painful and emotionally draining process. There will be hurt, anger, sadness and many other emotions bubbling to the surface. Along with the ending of your relationship, you will also need to take on the task of dividing up your assets. This is an experience that many couples dread, as it can be a long and complicated ordeal that causes stress on both sides.

There are a number of things to consider in this process. Who will get the family home? Will one partner buy the other out or will you sell it and split the proceeds? Who will have the right to any second properties or commercial properties? How will you deal with any joint bank accounts that you have? What about your investments, how will they be divided? How will your pension be divided up after the divorce or dissolution? There are many answers to these questions and those answers will depend on your unique situation and the agreement between you and your ex-spouse. It is important that these questions are answered in a clear and concise manner, because ambiguity can leave the door open for conflict in the future.

The financial side of a divorce can be a messy nightmare, but it doesn’t have to be. With the right guidance, the process of asset splitting can be as easy as possible. At Taylor Brunswick we offer you our experienced advice and we will be able to help you with dividing up your mutual funds, stocks and bonds during divorce proceedings. With our professional financial help, the divorce proceedings should go as smoothly as possible with a minimum of conflicts. We will advise you on a wide array of financial planning issues that will arise within your divorce, including issues related to your pension.

Going through a divorce is difficult, but remember that it is temporary. Once the details have been sorted out and all proceedings are over, you will be able to leave this time in your life behind and forge ahead to build a new future.

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