Division of Property

The division of property pursuant to a divorce can be easily accomplished so long as the parties can agree as to who gets what.  Matters are often complicated, however, when it comes to dividing assets that are the result of the joint efforts of the respective parties.  How the family home, joint bank accounts, or the family business will be divided can become very complex, particularly if one spouse has been unemployed for a considerable time, instead focusing efforts on maintaining the family and home.  In dividing property, the parties and the court must consider the value of the property and numerous other factors to reach an equitable division.  A resulting property division may also have numerous tax implications for the parties involved.