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Sharma Kliche - Our Family Protecting Yours.

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Should I divide my assets when filing a divorce?

September 22, 2017

 

Sometimes to expedite a divorce process, couples will say that they will divide their assets at a later time.  We do not advise doing this because many times, if you wait to divide your assets, the assets will accrue in value.  For example, if you own a home that is worth $500,000 in 2007 in 2018 that same house could be worth over $1 Million.  If you had waited to divide your house until 2018, the amount of equity that you would have to pay your spouse has now increased from $250,000 to $500,000.  Our advice is to complete the divorce once you initialize the process.  Any asset can accrue, having proper legal representation can make all of the difference.  Please call us for a free phone consultation on divorce or any of our legal services. 

 

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