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3 options for dealing with your house in a divorce

Divorce is often incredibly complicated. For instance, you and your future ex-husband will have to work out a custody arrangement for your children, negotiate over your marital assets and divide the debt the two of you accumulated during your marriage. One of the major decisions you will have to make will concern your house in Rhode Island. Will you continue living in the house and take over the mortgage? Or, will you sell the house and split the proceeds?

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.

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Rioles Law Offices
426 Broadway
Providence, RI 02909

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Phone: 401-680-9686
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