Get Help With Asset Division During Your Divorce

When a couple goes through a divorce, child care and alimony are often some of the first things they think about. Dividing assets can be very tricky for couples who have never had to place monetary value on the items they own together. Contact Wood & Associates PLLC today to discuss your situation with a divorce lawyer who will help you make the process as easy as possible.

In general, anything purchased during the course of the marriage is considered to be split equally among both parties, but there are some exceptions to this rule. These include:

1. Homes – if there are children involved, most judges will award the family home to the parent with primary custody.
2. Retirement benefits – these are considered marital property, and judges often award the nonworking spouse a portion of the benefits.
3. Family businesses – if you and your ex-spouse owned a company together, you must consider current and future profit when dividing assets.