Many people find it hard to believe that most divorces are settled out of court. Of course, if this is not possible for any reason, litigation may be on the horizon. This is often the result of complex marital property, leading to a situation in which the divorcing individuals are unable to work things out on their own.
Some of the many assets that can complicate the divorce process include:
- Retirement accounts, including pensions
- Business assets
- Hidden financial assets
- Deferred compensation
- Real estate (including vacation properties)
- Qualified Domestic Relations Orders (QDRO)
While you hope you are able to work things out before heading to court, you know that some assets may make this difficult.
At our law firm, we realize that complex marital property settlements come to light every now and again. Although this can complicate the divorce process, you don’t want to sit back and hope for the best. You need to understand your rights and take the steps necessary in obtaining the property you deserve.
If you come to the conclusion that you are unable to work through property division in mediation, you will need to turn your attention to the court process.
As things move forward, it’s a good idea to know what to expect. This will put you in position to make sound decisions that work in your favor.
There is no way of knowing what the court will decide, but there are things you can do to tilt the scales in your favor. Make sure you know exactly what to expect and how to do what’s best for your situation.