Divorce is stressful on many levels – particularly if you and your spouse cannot agree on who will receive which marital property. The possessions that you acquired prior to your marriage will most likely remain yours, along with any inheritance left specifically to you, but you may have to split assets you acquired together as a married couple.
If you are dividing assets with your spouse, keep the following tips in mind:
- Avoid fighting for insignificant items;
- Use a mediator;
- Be honest about assets;
- And close shared accounts.
If you are going through a divorce in New York, contact a Brooklyn divorce attorney from the Elliot Green Law Offices. Mr. Green will evaluate your case, answer your questions and protect your interests.
Call 718-260-8668 to schedule a free consultation. You can also visit USAttorneys.com to learn more about divorce laws in New York.
Here are four tips for handling the asset division process:
- Avoid Fighting for Insignificant Items
Arguments over unimportant items can cause unnecessary stress and delay the divorce process. While it may be difficult, it is important to let go of items that are not significantly important to you. Many people hold onto belongings for emotional value or to “win the battle” with their ex, but according to Psychology Today, this is often counterproductive.
- Use a Mediator
A mediator can be very helpful during the asset division process. As Forbes explains, a mediator is an objective third party who will evaluate your case and provide recommendations based on New York laws, his or her experience, and your unique situation. This can help you avoid expensive and unnecessary litigation.
- Be Honest about Assets
Do not hide assets from your spouse during the divorce. It is illegal to do so, and your spouse has a right to know about any assets you do not declare. If he or she finds assets that you hide, then you may be responsible for search costs and legal expenses. It will also jeopardize your credibility with the judge.
- Close Credit Lines and Shared Accounts
If you suspect that your spouse is filing for divorce, contact a family lawyer immediately. Your divorce attorney can help you take certain steps to protect your financial interests, and it is better to complete these tasks as soon as possible.
Your family lawyer may recommend that you close your shared accounts or restrict access from your spouse. It may also help to pay off and close your credit lines; this will prevent your disgruntled ex from racking up debt.
If you would like to speak with a Brooklyn family lawyer about getting divorced, contact the Elliot Green Law Offices. Mr. Green can handle the legal aspects of your divorce so you can focus on your personal well-being. Call 718-260-8668 today to schedule a free initial consultation.