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Dividing the property can be quite unsettling for both you and your ex-spouse. It isn't always about the money. Oftentimes it's the thought behind coming up with an equitable or fair division of property that's difficult. Also, dividing up marital property can be quite an emotional affair for both parties involved because of all the effort that went into accumulating property together. Divorce proceedings can get pretty ugly because couples cannot agree on how to divide marital property after divorce. While dividing property can be a bit problematic, here are a few things you can do to make it a bit easier:
1. Make a list of all the belongings you want to divide with your ex spouse - Walk through the house (or all the houses you own) if you must so that you can get an idea of all the items that you should divide. At times there are things that you think should logically belong to you and some that you think should belong to your ex spouse. These are things that have significant personal value for both of you and should not really be a cause for contention anymore.
2. Put a value on the things you cannot split readily - Put a dollar value on items that you cannot divide immediately. For example, if you can't readily decide on who should own the home theater system, put a dollar value on it, say $600 to find out how much you are willing to sell them for. There are things that are more difficult to value than others, such as businesses, houses, art pieces and the likes, it may be better to have a professional help you out with it. A realtor, an appraiser, or a business lawyer can help with putting value on assets such as these.
3. Get a receipt - If you are having issues with property division during divorce, it may be a good idea to have your spouse sign an itemized receipt when you turn over some things to him/her. If you sold a few things and will split the proceeds, indicate that in the receipt as well. Especially in contentious divorces, keeping things clear when it comes to property and money matters will help you out in the long run. If your ex refuses to sign the receipt, having an impartial third party (like a neighbor or, in some cases, a police officer) to witness the exchange would be sufficient.
Agreeing on dividing your property amicably will help you avoid having a judge step in and decide on these things for you. It's important to be honest about what you own and what you don't own because things like these tend to surface sooner or later. Many people get into trouble for hiding assets from their spouse. Additional formal legal procedures could ensue and this would result to more extensive and financially draining legal battles.
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