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Consider these points when dividing property

Generally, divorce means that you have to go through an upheaval so that you can begin life anew. As you go through the upheaval, you will have to divide the assets that you and your ex accumulated. Here are some considerations for you to think about when you are going through this process.

First, make a note of what you need and what you want. Your focus has to be the needs first. From there, you can work on getting the things you want. If you can't get the items that you want, you shouldn't worry too much.

Second, make a list of the assets you know of. This is a good starting point for the property division process. You can evaluate each item so that you can think about how each might impact your future. If you find that some aren't as desirable as you initially thought, you can try to move those over to your ex's side of the division.

Third, look for hidden assets. Even if you don't think your ex had a reason to hide things, trying to determine if this occurred can help you ensure that the property division process isn't leaning more to your ex's side.

Fourth, try to get your hands on some of the liquid assets. This will help you to live until you are able to get back on your feet.

Of course, you have to ensure that the assets you take are taken legally. This means that you need to ask questions and get answers so that you can make a plan for how to handle the financial aspect of the divorce.

Source: Business Insider, "How to keep from losing everything in a divorce, in 6 steps," Emmie Martin, Feb. 01, 2017

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