Law Offices of Barry I. Finkel, P.A.
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Don't rush through divorce without considering assets

For a lot of people who are considering divorce, the final decision to split can take a long time. Once the decision is made, though, it's understandable that those involved want the process to go as quickly as possible.

While no one wants to drag out the process, it's important to make sure that you don't settle for less than you deserve just to get the divorce finalized quickly. Once you have made the decision to divorce, speak with an attorney. A divorce lawyer can help you understand your options and what the possible outcomes may be. Divorce is often very emotional and those emotions can cloud your logical thinking, leading you to forget some of the assets that need to be split in the divorce.

A lawyer can help you sift through all your assets and help you decide which assets are truly important in terms of your financial future. While most people will quickly consider the division of retirement accounts and properties, they may not think about the division of stock portfolios, professional practices and investment properties. They may also forget about physical assets such as artwork or boats.

Finally, if the divorce becomes contentious, it may also be necessary to search for hidden assets. Ex-spouses may use avenues such as offshore accounts, tax shelters and shell corporations to hide funds.

Before you consider hastily rushing through the divorce process in order to start your new life, remember that a lot of assets may be at stake and those assets may be very needed in the future.

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