Mistakes That You Don'T Want To Make When Dividing Marital Assets
While each element of a divorce has its own challenges, one part that many couples find to be particularly difficult is the division of their marital assets. There are many factors at play during this process, and if you and your spouse are acting combative toward each other, the division of the assets becomes even more difficult. It's a good idea to rely heavily on your divorce attorney as you navigate this challenging time. He or she can make a series of suggestions that will help to make the division of your marital assets go as easily as possible. Here are some mistakes that you don't want to make during this time.
Be Too Sentimental
Some people lose all sentimentality during a divorce, but a lot of people still have feelings for the past that they shared with their spouse. Being too sentimental as you divide your martial assets can be detrimental, however. For example, if you're adamant that you want to keep a certain thing that you bought several years back, your sentimentality may cloud your good sense. You may be so attached to the possession of this item that you agree to your spouse taking items that you don't care about — but that possess far more value than the thing that you want.
Be Too Focused On Equality
You'll make the division of your marital assets take longer and be more exhausting if you're too focused on things being perfectly equal. For example, if you're splitting up your DVD collection that numbers 150 units, you might insist that each of you takes 75 DVDs. On the surface, this approach can seem to make sense, but a lot of couples get bogged down with this mindset. It can be easier to say that if one of you has a particular interest in keeping the DVDs, he or she should do so — and the other spouse can take something of roughly equal value.
Be Money Hungry
If your divorce is particularly contentious, you might see the division of your assets as a good way to make money. For example, you might seek to keep the items that have value — and in which your spouse may not necessarily see the value. This means that you might dismiss some old tea cups as being devoid of value so that your spouse doesn't want them, but then you keep them with the intention of selling them online. This money-hungry approach can make things turn even uglier in a hurry if your spouse suspects you of acting this way.
Contact a legal firm, like Cooper Levenson Attorneys At Law , for more help.