Dividing property during a divorce
can be one of the most difficult parts of legally ending a marriage. You
may be emotionally tied to your home, car, collectables, and other
items, but your spouse may be equally invested as well. Consider the
following five tips that future divorcees can use to help the process be
as amicable as possible:
1. List All Belongings
Take the time to get together and list
every single piece of property that you own jointly. This includes
everything that you have purchased during the marriage. The list will
help you value and divide things more easily.
2. Flip a Coin
Flipping a coin may sound scary, but it
can be an effective method. The winner of the toss makes up two lists
dividing all property. Then the other person decides which list they
want to take and the list maker receives all the property on the other
list.
3. Sell All Joint Property
This may not work for everyone, but
holding a garage or yard sale and splitting the proceeds can be
effective at reducing issues in this process.
4. Coin Flip for Value
Divorcees can also flip coins to decide
who determines the value of specific items. Then the other spouse
decides whether they want to claim the property as their own.
5. Bid
Houses, cars and businesses can be
settled by bidding on items. Each party puts their bid in a sealed
envelope. The person who bids most wins the item, and equalization
payments are made on the amount.
These situations can be complicated and
difficult to maneuver without an advocate fighting on your behalf. Visit
this website to learn more about the subject from a property division attorney in San Diego.
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