For couples who are planning to wed, much time and attention is often devoted to planning a wedding. While, at the time, discovering the perfect wedding location and selecting a cake may seem like the most important decisions one will ever make; after the honeymoon period ends, such details are quickly forgotten.
For an unhappily wed individual, divorce ushers in many changes and signals numerous new opportunities. No longer forced to live in a tension-filled home with one’s ex, an individual is free to make his or her own decisions about how to live life and build a happier future. For couples with no children, once a settlement is reached and signed, divorce can truly offer a clean break from an ex-spouse. For divorced parents, however, their lives will forever be linked as they attempt to successfully co-parent.
When planning or during the early stages of the divorce process, it's critical to account for all assets either held jointly or in an individual spouse's name. Assets that may be included in a comprehensive list include pension, investment and retirement accounts as well as real estate, personal property, art collections and other types of family heirlooms.