Division of Property

When two people obtain a divorce, they have to divide their assets. In cases where there was no prenuptial agreement to help guide these issues, the two people often try to split the property equally. In many cases, though, division of property can be a confusing and painful process because the two sides can be very adversarial and argumentative.

When determining which person leaves with what property, the entirety of the assets, debts, and possessions of each person, and the couple as an entity, must be included. In many cases, if one individual came in with personal property, they will leave with that property, though there are exceptions to this.

For many divorcing couples, the home can be the most controversial part of the property division. In many families, it is the largest asset and also saddles the owner with the biggest debt, so it can throw off the balance of the allocation of property. Especially in cases where neither person wants to sell the property, it can be problematic because it is impossible to divide the house and allocate half to each person.

It can be especially helpful, and often less painful, for the two people to agree upon a division of assets before involving a judge becomes necessary. Often, an experienced attorney can counsel clients about what will be an acceptable agreement in the court and what will not, saving both parties time and stress.

Contact Us

Experienced legal guidance can be very valuable when dealing with property division issues. For more information, contact the West Palm Beach divorce lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.