Divorces can be very complicated. This is especially when the parties have been married for several years and have accumulated a lot of property together. When this is the situation, then look for the divorce to turn complicated. Of course, there are exceptions - not every divorce in this situation turns complicated...
Divorces can be very complicated. This is especially when the parties have been married for several years and have accumulated a lot of property together. When this is the situation, then look for the divorce to turn complicated. Of course, there are exceptions - not every divorce in this situation turns complicated.
Part of the reason why property cases have a tendency to turn complicated is because of money. Divorce is expensive. In cases where the spouses have been married for several years and have accumulated a lo of property, the spouses typically have grown comfortable living on two incomes or in the alternative have grown comfortable with one of the spouses earning a high income. When the divorce happens, the spouses will have to make the adjustment from living in a married home where there is a high income(s) to now just living in a divorce home.
Another reason why propety cases have a tendency to turn complicated is because of emotional attachment. If both spouses are emotionally attached to the house, the family pet, or any other piece of marital property, then both spouses will probably be willing to fight over that particular piece of property. The fighting between the spouses will turn the case contested in a hurry.
In the event that you have a property case, and are looking for ways to get the matter resolved peacefully, take a look at the list below. Below is a list of some of the more common types of property that need to be addressed during the divorce:
Number One: Vehicles. During the typical property case, each spouse will have one vehicle. The problem with the vehicles is that typically each vehicle is in the name of both spouses. Whenever the vehicles are dividing as part of the property settlement, the spouses will have to refinance.
Number Two: Marital House. During the typical property case, the spouses have been married for a long period of time and own a house together.
Number Three: Retirement Accounts. In cases where the spouses have been married for several years, either one spouse or both spouses will have a retirement account that needs to be addressed during the divorce.
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