What happens to the home you bought with your spouse after you get divorced? Who gets your savings account? What about your investments? These are all questions to ask during the property division process.
The Esposito Law Firm can work closely with you through every step of the process to ensure that you get your fair share of any assets-and debts-that you and your spouse once shared. Make an appointment with a divorce law attorney in today.
The most effective property division agreement is designed so that each party gets an equal share of the net estate, which includes assets and liabilities. Here are a few key terms to know before you start negotiating:
Community property - generally includes assets and debts acquired during marriage, to which there are exceptions.
Community debt - generally includes debt acquired during marriage, to which there are exceptions.
Separate property - generally, property owned independently prior the marriage.
Separate debt - generally, debts acquired prior to the marriage.
It's important to understand how property division works so that you have a fair chance at getting everything you're owed. Talk to a divorce lawyer today to learn more.
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