Going through a divorce as its ups and downs. On one hand, you are beginning a new chapter in your life, one that you should be optimistic about, and on the other hand, you know that getting through the actual process isn’t going to be a walk in the park. But, you will need to take it one step at a time and address each aspect of it with a great deal of thought and consideration.
While divorce brings up things like child custody and alimony, one of the harder aspects that often delay a divorce from getting finalized is the division of finances and assets. And let’s be real for a second. If you have been committed to your relationship and have invested a great deal of time and money, you aren’t willing to walk away until your share of assets is evenly distributed. But, in order for this to happen, you first need to hire a qualified and experienced Mobile, AL divorce attorney who will oversee the process and be sure things are being handled fairly. You will then want to work with your attorney and be sure that all assets that are subjected to being divided are included in your divorce agreement.
Here are some assets that are sometimes overlooked but shouldn’t be as may carry significant value.
- Benefits from a previous employer. If your spouse has stock, restricted stock, retirement accounts, or a differed compensation plan from their previous employer, be sure these amounts are included in what is to be divided.
- Cemetery Plots. If you’ve purchased a cemetery plot next to the man or woman you are about divorce and now have changed your mind, Forbes points out that cemetery plots have significant value and should be negotiated.
- Collections and memorabilia. If you and spouse have acquired some collectible items that now hold some value, don’t forget to include these in your list of assets to be split.
- If you and your soon-to-be ex exchanged gifts over the course of your marriage, they are considered marital property and would be subject to division. Things like engagement rings and other items that were given prior to being wed may be exempt from being comingled with marital property. Now, if you owned a home prior to being married and then added your spouse to the title, this asset that once would be considered as separate property would now be included in the assets to be divided.
- Intellectual property. Things like patents, trademarks, and copyrights should all be listed in your assets to be split.
- Lottery Tickets. If a winning lottery ticket was purchased during the time you and your spouse were married, it would be considered marital property, and yes, it would be split.
If you want to be sure that you aren’t overlooking any assets and that you are getting your fair share of what you and your spouse acquired during your marriage but haven’t hired a divorce lawyer yet, contact USAttorneys.com. We connect individuals such as yourself with some of the best divorce attorneys in Mobile, AL and would happy to place you in contact with a professional who is ready to assist you.