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Dividing property during a divorce can be challenging

| Feb 29, 2020 | Divorce |

One of the most challenging aspects of a divorce that almost every couple faces is dividing assets, debts and property. According to Forbes, this is so challenging and stressful because how it is done directly affects the quality of life and the ability to survive. Since most people have never had to make these kinds of decisions before, they struggle with knowing what is fair, who should get how much and what will or will not work once it is all over and they are living on a single income. 

What happens when these questions do not get properly addressed is that one or both spouses can end up feeling that their agreement is unfair or realize that what they agreed to is not sustainable, leaving one or both of them unable to live on a single income. According to FindLaw, in cases where this occurs, it often leads to serious financial struggles. Sometimes the debt load is so high it may force him or her into bankruptcy, and unfortunately, this happens frequently. 

When couples decide to get divorced, they tend to get caught up in the emotion of the divorce and get overwhelmed by not knowing what to do. So what they end up doing is either making their best-educated guess or they hand the decisions to someone else, like a lawyer. They end up fighting in court, spending more money on legal fees than what they were actually fighting over. What they may not realize is that regardless of how difficult it may seem, how overwhelmed they are or how much debt or how many assets they have, it is possible for them to divide what they have in a way that is fair.