The law recognizes any property or assets accumulated during the marriage as shared or marital. If it comes to divorce, the shared property should be divided fairly and equitably (that doesn’t apply to properties and assets in your ownership before the marriage).
You might be wondering about the best way to divide accumulated assets and shared properties. Any reliable and experienced lawyer will tell you that an honest and fair approach is the smartest strategy you can have.
The other party may hire a forensic accountant who can track all your hidden assets easily. That may disrupt the chances for a fair division. This is why it is wise to keep things fair from the start.
In ideal situations, you will be able to negotiate the property division without any third party. However, if there is even the slightest sign of something going sideways, you should consider hiring a professional attorney with expertise in divorce law.
Here are some other tips on what you can do in case you cannot reach an agreement with your spouse regarding shared property and assets division.
Consider Hiring a Mediator
If you are hiring a mediator, you should consider one that has the official court certificate for mediation. The reason why you should consider hiring them is that they can be of assistance to navigate your way through sensitive issues that may occur during the shared property division.
Spouses usually decide to hire a mediator after being unsuccessful in negotiating themselves. Although it may be an extra expense, a mediator can save a lot of time and hassle. This makes it worth it to consider hiring them.
Learn to Let Go of the Small Stuff
The crucial word when dividing marital property is a compromise. Both parties need to be aware that they won’t be able to keep everything. Many of the issues between the divorcees occur because they do not want to let go of the small stuff.
You may be emotionally attached to some items, and that is perfectly fine. But if an item doesn’t matter that much to you and it is more important to the other side, you letting go may be an indicator of your good will and may come in handy later during the process.
That is also why you shouldn’t keep any hidden assets. If another party discovers you have the property that you have been hiding, the deal will probably be off the table, and the court will be the only solution.
Information Is Power
If an agreement through a mediator is not possible, you should be ready for the fact that your divorce case is heading to court. It now becomes even more vital to have a reliable professional. One with years of experience and extensive knowledge in family law as your attorney.
You should also take some time to familiarize yourself with how the law works, especially when it comes to property distribution. You can read procedures and laws online, and in case you have any questions, you can always consult your lawyer. They should also tell you about the acceptable behavior in court. However, using your free time to learn about the law may get you even better prepared.