When you separate or divorce, certain legal matters unarguably arise. In this case, you need the services of a family law attorney to help you understand the legal perspectives of the separation or divorce, and see how you can minimize losses. To ensure that the results favour you, you should hire an experienced family law attorney who will understand your situation and make a good case for you.
It is important to understand that separation does not necessarily end a marriage but only makes two people live together as a married or common-law couple live apart. A divorce only happens when a court ends a marriage officially. One of the major legal matters that come up during separation or divorce is how to divide your property.
The most crucial legal matter that arises when a couple is going through separation or divorce is dividing property and debts. When a relationship is ending, the property must be shared. And when there is appropriate marriage, it may be necessary to share the debts owed by the couples too.
Some of the properties that may be up for division between the couples include:
- Separate or joint bank accounts
- Retirement savings plan
- Tax-free savings account
- House and other contents
- Pension plan
- Insurance plans
Some debts that may be necessary to divide between the separating couples include:
- Credit card debt
- Personal loan or line of credit
- Car loan
At this stage of the relationship, you need an experienced family law attorney to help you in sharing property and debts with your ex. When deciding how the property will be shared, it is important to know the factors involved which is why you need to hire a family law attorney. The attorney will guide you appropriately based on the relationship between you and your ex.
If you are married or in a relationship according to common law, the property will remain with the who bought it, except if the partner disagrees and the court will resolve it. Properties bought during a marriage will be shared equally or as deemed fit by the court. Meanwhile, dividing property in a type of relationship where there is a prenuptial or cohabitation agreement in place is different. A family law attorney can help resolve all knotty issues.
To go through the process of separation or divorce without hassles, hire a family law attorney to work with you and resolve all related issues to be able to continue with your life as soon as possible. Contact a family law attorney today to get the help your need.