Many Stockton residents may feel as though they could benefit from decluttering their lives. Whether it is cleaning out overstuffed closets or going through boxes or long-stored files, there are many ways that individuals can lessen what they are responsible for and lighten their personal loads. However, many of the items of property that individuals acquire over time are not simply clutter. Before and after a person’s marriage, he or sh may come into possession of significant personal assets like antiques or valuable collections.
The assets that a person may own can also include homes, investment properties, undeveloped real estate, business assets and rights, investments in retirement accounts and personal savings plans, vehicles, jewelry, artwork and many other things. Though a person generally retains ownership rights in the property that was his or her separate property before a marriage, that person can lose significant wealth in a divorce if other assets are set over to his or her ex-spouse.
The property division process is, therefore, a significantly important part of ending a marriage. An individual may see her accumulated wealth diminished as a court parses out items of property between her and her ex; property divisions can be difficult for couples with high assets as well as those with more modest holdings.
The law firm of Dianne Drew Butler & Associates provides guidance to its clients on the importance of having capable representation during the property division process. Although matters related to custody, support and alimony can all come up during the divorce process, property division negotiations should not be given diminished attention. How a property division settlement resolves itself can have a significant impact on an individual’s future, and the attorneys of Dianne Drew Butler & Associates have helped individuals protect their futures by preserving their wealth and property rights.