Plenty of people going through divorce find it difficult to divide their assets. Michigan is an equitable distribution state so that means that you need to divide your assets fairly, but not necessarily evenly.
That can make things a little difficult when you’re not sure what you or your spouse are entitled to. So, how can you make it easier to divide those marital assets? Here are some tips.
Start with discussing what you want and need
To start with, you should sit down and figure out what you want as well as what you need. Write down the assets you would like, and write down a few that you need without negotiation. Have your spouse do the same and see how your lists add up. In a best-case scenario, you’ll both want different assets and find it easy to split those that remain after you take what you need.
Know your limits
Another important step is to know your limits. Know exactly what you’re not willing to give up and what is negotiable. That way, you won’t make a mistake by giving up something you need in the future.
Finally, avoid conflicts by being as respectful as you can to one another. If you start to see a breakdown in communication or come to an impasse, take a break and come back to your negotiations later.
These tips can help you as you begin dividing your assets. Your attorney will be there to help guide you as you negotiate for what you need out of your marriage. With guidance and support, you can fight for your fair share of your marital assets.