Division of Assets and Divorce
Divorce is an inherently stressful and complicated process for all parties involved. One of the more complex aspects of this process can be division of assets. This involves the division of all property, not including debts that have been accumulated by both spouses throughout their matrimony. It can be difficult to divide these things which have been jointly acquired in the time the couples lives and finances were so deeply intertwined. It is recommended that an experienced attorney help guide this difficult process.
Examples of Assets
It can be difficult to define what qualifies as an asset, but assets commonly include the following:
- Residential properties
- Retirement and pension plans
- Deferred compensation
These assets and any others decided on between spouses must be divided. This can be difficult, particularly in cases where there is no prenuptial agreement. Many couples establish a prenuptial agreement before marriage to establish an already agreed upon division of assets in the event of divorce. When the couple has not agreed upon such a document, an experienced lawyer can help them divide their assets in even the most complicated situations.
Contact a Division of Assets Lawyer Today
This can be a complicated and stressful process, and it is important that your rights are protected. The experienced legal team at Law Office of Daniel Jensen, P.C., is committed to maintaining your financial security in this difficult time. If you live in the San Jose area, call to speak to an understanding division of assets lawyer about the specifics of your situation today.