UNDERSTANDING HOW ASSETS GET DIVIDED IN A DIVORCE (AND HOW A DIVORCE LAWYER IN BROADBEACH, MERMAID BEACH, SURFERS PARADISE OR THE ISLE OF CAPRI CAN HELP YOU GET YOUR FAIR SHARE)

Even in the simplest of cases, a divorce can balloon into a messy and contentious battle between two estranged spouses. Many married couples assume that, if they don’t have children, a divorce can be relatively clean and simple. However, while this assumption is true to a certain extent—divorces involving children are almost always messier than ones not involving a child—a divorce can still get messy with no kids in the picture.

Why is divorce such a sticky subject? Because married couples accumulate assets together and when they split up, the assets have to be divided as well. Even between couples who come to the decision to divorce amicably, arguments over who gets what money, real estate or other personal property can often develop into all-out court battles. Having the right divorce lawyer on your side in Broadbeach or Surfers Paradise can help you to understand disagreements over assets and make sure you get your fair share of what’s yours.

How Asset Division Works

In many divorces, the asset division plays out like a chess match. Some individuals come into a divorce assuming they will only need to figure out how to divide things they and their spouses purchase together. Houses and other real estate are the big assets that need to be divided, as are other valuable items like cars, boats or furniture.

However, what your divorce lawyer in Mermaid Beach or on the Isle of Capri will help you realise is that just about anything can be a part of the asset division process. If you collect rare books and your spouse collects pricey vinyl records, those belongings can be part of the asset division argument. Jointly-owned businesses, joint bank accounts, retirement plans, life insurance policies, art, stock options or investments can also enter into the conversation. Not much is off the table, beyond gifts received from third parties, inheritances received by one spouse but not the other or assets that each spouse owned prior to the marriage.

Divorces are like chess matches, therefore, in how they rely on strategy. One spouse might concede an asset in exchange for getting another. In messier circumstances, a spouse might demand an asset that they don’t really care about to get better negotiating power for something they really do want. Needless to say, without an experienced divorce lawyer on your side in Surfers Paradise or Mermaid Beach, these arguments can become frustrating, exhausting and needlessly petty.

Stay Above the Fray, with the Help of a Divorce Lawyer in Isle of Capri or Broachbeach

When you hire Collective Family Law Group to represent your interests in a divorce, we will take the time to understand what you want out of your divorce and which assets matter most to you. From there, we will negotiate on your behalf to get you the fairest share of assets possible. While we can’t promise you will win every asset you want, we can promise to defend your interests in the most thorough and honest fashion possible. Our goal is to make this difficult process as smooth and simple as possible, giving you the chance to disentangle yourself from your marriage and move on with your life.

Are you interested in learning more about Collective Family Law Group? Email us at admin@cflg.com.au to enquire about our services or to schedule a free introductory consultation.