For most people, marriage is the culmination of love. You get to raise children together, share your expenses, and invest in a mutual life. However, almost 50% marriages in the US alone end in divorce. Now divorce does signify the end of the life as you know it, but it’s also an opportunity for a new beginning. It brought you the experience and good memories, but it’s time to move on. But first, let’s deal with the marital assets. Here are the things every woman should pay attention to when going through a divorce.
Start with the bank accounts
There are some couples who keep separate bank accounts, and those who insist on having a mutual one. I don’t know about you, but if it comes to the breaking point and you two end up separating, both of the accounts (or the mutual one) are coming together and the funds are collected, to be divided in two. These are the divorce rules, unless stated otherwise in a premarital agreement. In case there is no premarital agreement, all funds, including private bank accounts and investment funds, are to be split in two.
Move on to the real estate
Every couple has a different amount of real estate under their name. Before a divorce, the first thing you should do is get a professional appraiser and have him appraise your assets. How much is each one of them worth, growth potential, all of it. Once that is done, you will have a figure to work with. Offer your ex-husband an opportunity to buy you off (or if you want to try and keep the asset, buy him off) and split everything 50-50. Once every asset and real estate has been appraised, you’re ready to move on to the next point of appraisal.
The inside of the house/s
Basically, everything that is inside of every real estate that you two owned before a divorce is to be appraised and divided in two. Again, this is the part where you should hire a professional appraiser and have everything evaluated. From the art on the wall to the marble statues in the hall, everything has a value on it and it has to be divided in two. Make sure to check all the real estates you two had.
The cost of divorce
As you already know, divorces can be pretty expensive. The entire process could last for months and the amount of papers signed and money spent on it can be quite stressful. This is why an online divorce has become “a thing”. More and more people opt for an online divorce, it’s cheaper and requires no signing. If you are living in California, look for California divorce papers and documents online and by filling a simple form, you’ve already started the divorce process. It saves you both a lot of money and time which you would spend traveling back and forth to courthouse every few days.
In most cases, there are additional assets that get lost in the process and are never evaluated. Make sure you remember to check your ex-husband’s offshore accounts, private funds, and everything else including cars, expensive animals (horses, rare breed of dogs or other animals), insurance policies, retirement plans, pensions, stocks. Each of these has to be evaluated and fairly divided in a settlement agreement.
If it already got to the point of no return, be smart and evaluate everything. Don’t forget even the smallest of things for it could cost a fortune. Make sure you get your half of the settlement, and then you are free to start a new life, on your own.