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Crunching the numbersby Firmbee.com
Asset Allocation
Questions

How should we handle jointly owned vehicles in the divorce?

Jointly owned vehicles should be addressed in the divorce decree, specifying who retains ownership. For example, if one spouse is awarded the car, they will need to complete the necessary paperwork to transfer the title through the DMV and update the vehicle's registration and insurance. Ensuring these steps are taken promptly helps avoid liability issues and ensures the proper party is responsible for any future expenses related to the vehicle.

Resource

Personal Use Assets

Learn about challenges valuing personal property, like cars, household goods, pets, and frequent flier miles, and how they can be addressed in divorce.

Resource

Post Retirement

Learn the procedures and legal requirements to divide each type of retirement account to facilitate a smooth transition and compliance with the divorce decree.

Resource

Post Real Estate

Learn the steps, considerations and potential challenges with transferring or handling real estate after a divorce is final.

Resource

Post Simple Divisions

Review considerations and tips for dividing assets and liabilities after divorce, like bank accounts, investment accounts and debts.

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Post-Divorce Intro

Learn about steps and tasks that need to be completed to implement the agreements outlined in the decree after the divorce is final.

Resource

Balance Sheet

Learn about a balance sheet and how it can help you in the property division analysis.

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