Dividing Things during Divorce – You Don’t Want to Miss These

Divorce is very painful process. In fact the conflict before divorce is what makes it all very bad. There is a lot at stake in terms of emotions and bonding. Especially when long term marriages or relationships break, the partners go through a lot. As such couples would have gone through the ups and downs of life, they develop a great deal of affection and appreciation for each other. And when they decide to part ways, all of these emotional factors come back at them.

While deciding on division of property and belongings, it is again an emotional battle. The property solicitors London will try to keep the client as calm as possible, but sometimes emotions get the better of them. Usually while dividing property or assets, people usually think of house, land, money in the bank and bigger stuffs like that. But it is equally important that you pay attention to many other things that can be legally divided and become a security for your future. Following are some of the rarely thought assets applicable under division in divorce.

Collections and memorabilia

As husband and wife share interests, you would have collected a lot of items of interest. Stamps, collector’s edition comics, music, artefacts, paintings, gold and silver and so on are just few of the things which hold great value in the market. If you have a collection like this during your marriage time, you better include it in the divorce clause. You can instruct your divorce lawyers London to either get you the money for the value of your share or your share of the collections directly.

Membership to various clubs:

It is usually not noted that you go to clubs and have a good time but the actual membership is your partner’s name. After divorce you will be requiring a separate membership for all these clubs. Thus make it a point to either get your membership done or get fees from your partner on the same during divorce.

Life insurance and shares:

Every policy, share and insurance that was bought during your marriage period will be applicable for division under divorce. The divorce solicitors London have to be informed about all the financial information you know, so that they can include them all in the document. This will reap long term benefit and definitely are a security for your future.

Any of the retained investments:

If you as a family had invested in a business or bought shares in a company and they are yet to pay you the returns, then it should be decided upon. You are entitled to a share in this either they pay you immediately or over a period of time. In case of long term payment agreement, you need to claim the interests as well.

Gifts bought during marriage:

It is but sure that you would have bought gifts for each other during the time when you we married. All these gifts can be claimed and divided under the divorce law. This may not seem much if it was common gift. But things like diamonds, car, property, business, and even costlier things will surely make a lot of difference.  SO keep your eyes open and know what legally belongs to you during divorce. 

 

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