It can be difficult to know what you are entitled to in the financial settlement of your divorce. Your attorney can help you understand the law, but in general, the more you ask for, the more you will get. Divorce is a negotiation. You need to ask for things you don’t absolutely have to have so that you can give them up as part of the negotiations. Here are some assets to add to your divorce settlement wish list.
- Retirement accounts. Whether these accounts are in your name or your spouse’s they are subject to division in your divorce. Retirement accounts have great value because of their tax implications. Many people fail to think about and plan for retirement as they are going through their divorce, placing them in a tough spot once it is time to retire.
- The house. This may be the biggest asset in your marriage. Asking for the house puts it into play and guarantees you a piece of its value if that is what you really want.
- Your half of intangible assets. These include things that you might not necessarily think to include: frequent flyer miles, loyalty program points, copyrights or patents owned by your spouse, as well as items like season’s tickets.
- Children’s financial accounts. Asking to be the parent in control of these accounts (bank accounts, investments, and college saving plans) may help you feel your children’s interests are protected.
- 5. Jewelry and collectibles. These items are likely to appreciate and provide long-term value.
It is essential that you get the best possible advice as you make decisions in your divorce. Call the Sampair Group for help in Mesa, Glendale, and Phoenix today to discuss your case with one of our attorneys.