The Top 5 Things to Know About Your Properties Before Getting Divorced

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The Top 5 Things to Know About Your Properties Before Getting Divorced

When it comes to divorce and property division, one of the biggest mistakes people make is entering into negotiations without first accurately assessing the value of current property assets.

Successful divorce planning begins with careful research.

If you are in the process of getting divorced, it is important that you protect yourself by understanding the particulars of your individual situation.

The Top 5 Things to Know About Your Properties Before Getting Divorced

1. Identify the type of real estate you own and the basis of each property.

The Top 5 Things to Know About Your Properties Before Getting Divorced

2. Determine the ownership history for each piece of property.

The Top 5 Things to Know About Your Properties Before Getting Divorced

3. Establish how long you have held the property.

The Top 5 Things to Know About Your Properties Before Getting Divorced

4. Research what debts, such as loans and tax liens, the property might have.

The Top 5 Things to Know About Your Properties Before Getting Divorced

5. Calculate the income you will need to pay for and maintain the real estate property during the divorce and afterward.

The Top 5 Things to Know About Your Properties Before Getting Divorced

By engaging the help of an expert in divorce and property division, such as a

Certified Divorce Financial Analyst, you can avoid some of the common financial pitfalls of getting divorced.

Lisa Decker, CDFA

DIVORCE MONEY MATTERS

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The Top 5 Things to Know About Your Properties Before Getting Divorced