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Asset valuation is important to your divorce settlement

Before divorce, obtaining an accurate valuation of your assets is necessary to make sure you choose the right settlement. If you own a business, it's particularly important to obtain a fair valuation. For example, you may choose to have a fair market value or to use the business's book value. It's a choice you and your spouse should make when hiring someone to evaluate your property.

The stages of emotions during divorce can cause conflict

Divorces have the potential to be incredibly conflicting. You may have trouble dealing with your spouse, even though you once loved each other. It's no secret that divorces are emotional, and for that reason, you need to learn how to manage those emotions during your case.

Timing matters – why valuation dates are important

During a marriage that stretches over many years, it is easy to collect a significant amount of marital property. You may have your main residence in Rhode Island and vacation property in another part of the country. You most likely have one or more retirement accounts, an investment portfolio, and even a business you and your future ex-husband will have to divvy up.

Tips to prepare your children for divorce

You and your husband have known for some time that your marriage was coming to an end. Your children, however, are another story. Chances are that they have no idea it is coming. And while you have faith that your children will eventually adapt to the new situation, you know that the divorce process is going to be just as hard on them as it will be on you.

How to fairly divide retirement accounts in a divorce

The process of dividing assets is one of the most complicated parts of getting divorced. You and your former spouse will probably not agree on what is fair and who should get what. The greater the overall value of your assets, the more likely it is that you won't be able to agree without the intervention of the courts. Divorce in Rhode Island looks at all the assets acquired during your marriage, which are called marital assets. From your house and furniture to vehicles and retirement accounts, all assets will get compiled into a list for the courts, who must then decide how to divide them.

Separating? Know your assets' valuation dates

When you're ready to file for divorce, you know you're going to have to divide your marital assets. Before you ever agree to a separation, you need to know the value of your assets. The valuation date is the date on which your asset receives a dollar value. This is very important to your negotiations.