A couple will frequently choose to combine their finances after getting married. There are numerous benefits for the couple to do so. Increased interest rates on higher amounts of savings can be crucial to a couple’s financial future.
Furthermore, a couple may want to make purchases beyond what they can do individually. With two incomes, they are more likely to secure a loan. Paying for houses, cars, college tuition, and other significant purchases are reasons to merge finances.
However, in the event of a divorce, which is becoming more and more prominent in our society, the decision to combine accounts can sometimes come back to haunt an unhappy couple.
Dividing money that has incurred different amounts of interest and a diverse number of contributions between a couple can greatly affect the outcome of a divorce settlement.
Retirement plans and pensions are particularly challenging to settle on when it comes to attempting to divide assets fairly.
Division of Financial Assets
There are many different ways courts and divorce lawyers may settle these property divisions. Under close examination of the marriage, they will attempt to produce a fair settlement between the parties.
This may include more than just the dividing of retirement or pension accounts. Exchanges can be made, such as one individual retaining a house, while the other receives the benefits of future financial assets.
In the unfavorable situation that the couple cannot work out divorce issues, you need a divorce lawyer who will take the opportunity to know your matter, qualified, and prepared to go to battle for your benefits. You can trust the law office of Fizer Law, the Best Divorce Lawyer in Long Beach, CA, to help you navigate your divorce dispute. Call the family law office of Fizer Law at 1-714-916-9800 for a free initial consultation.