Division of Assets and Debts
We have all heard of people who have allowed themselves to be “taken for everything they had” at the time of their divorce. This reaction to divorce and property division is understandable. Many times people agree to divide their property after months of tension and arguing, often willing to just give everything up in order to end the proceedings. However, this decision is usually deeply regretted afterwards, leaving that person feeling as if they have completley taken advantage of.
Often financial and property issues can present complex issues, and may have separate and community property components. Retirement accounts, pensions, personal injury awards, and ownership interests in real property often require a thorough legal analysis in order to property divide the asset. It is important to seek guidance and legal advice on the financial issues that can affect your rights when dividing the community assets and debts.
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