Memphis Divorce Tips: Keeping Your Stuff
“How can I keep my stuff?”
Generally whatever you bring to the marriage or keep separately will remain your Separate Property. Property that you acquire while married or that you commingle will become Marital Property.
Unless you have a premarital agreement or have kept meticulous care and records, you need to work out reasonable property division with your spouse when you divorce. This means following a few simple pieces of advice.
- Disclose every asset…
- Disclose offsetting debts…
- Keep your documents…
- Be prepared to negotiate…
In short? Be honest. Unless you want the court to make decisions for you. Concealment and hiding assets is deceitful. You will not be able to reach a reasonable, fair and inexpensive settlement if you are dishonest with you spouse or your attorney.
Source of post: Dad’s Divorce Blog and www.cordellcordell.com ©.
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[…] Charles Abut wrote an interesting post today onHere’s a quick excerpt“How can I keep my stuff?” Generally whatever you bring to the marriage or keep separately will remain your Separate Property. Property that you acquire while married or that you commingle will become Marital Property. … […]
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