Do you have concerns about marital property after divorce? This helpful information will answer all your division of assets questions.
One of the most contested aspects of divorce is the distribution of marital property. Contact our office to arrange a free consultation with our experienced Rochester divorce attorneys. We will answer any division of assets questions you might have. Let our experience work for you.
Division of Assets Questions | What Happens to the House?
Are you concerned about what will happen to your home after the divorce is finalized? “What will happen to my house after the divorce?” is one of the most frequently asked questions from our clients. When you go through a divorce, the house is either sold on the market or one spouse will purchase the other’s half to refinance.
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Division of Assets Questions | What Happens to My Personal Belongings?
Many times, as an experienced Rochester divorce lawyer, I am often asked what can happen to your personal belongings after your divorce is finalized. In regards to furniture, entertainment, or collections, the courts prefer that you decide amongst yourselves what will be split. You allowed to keep any property that you already owned prior to marriage. Furthermore, if you were given items personally to you during the marriage, then they are yours to keep. If your personal property has become commingled—such as a car that you owned prior to marriage but made joint payments on with your spouse during the marriage—then it is considered marital property.
Division of Assets Questions | What About Our Cars?
When it comes to divide property, many clients are concerned what will happen to their cars or other vehicles. In a divorce, many times each spouse will be able to keep their own vehicle and will be required to continue paying the loan if there is one. If one vehicle has more equity than the other, we can address the issue with extra credit in other areas of the marital property.
If you have any more division of assets questions, please contact our office today to consult with our experienced and dedicated Rochester divorce attorneys.