Month: February 2017

February 20, 2017April 11, 2019

How to Ensure a Fair Division of Property at Divorce

Any lawyers will tell you that even though a divorce may be stressful, there are certain things that should not be left to chance. One of them is the division of property. If valuable assets are held by two people who divorce, it is only fair to divide them up. According to experienced divorce lawyers Robertson Hayles, unless you get advice from family lawyers it is possible that you’ll decide to forego your share just to have it all over and done with. You may live to regret that decision.

It is all very well to make a verbal agreement about the division of property, but before you call in the removalists, who’s to say that your ex will not renege on their end of the agreement. A verbal agreement is not something that will hold up in a court of law. Leaving it all up to a verbal agreement is only going to prolong the agony, if you don’t decide to just let your ex take everything simply for the peace of having no more hassles with them.

Where There’s a Will There’s a Way

Most family or specifically Wills lawyers would agree that it’s important to have a Will no matter what age you are. However, since people don’t like to think about dying, they also don’t want to make a Will. This can be a big mistake, because if they have any assets at all, these will be frozen at the time of their death and no one will be able to access them for many months.

In addition, because the judicial system will become involved in deciding who should inherit their property or other assets, the end amount will be much less, since the cost of the court case will be taken out of the assets. And if the cash assets don’t cover the cost, any property will have to be sold to pay it. So if you want your family members to inherit your home, it may not be possible for this to happen without a Will.