Hoge Partners, PLLC

Attachment can't dictate actions in property division

The things that you've accumulated during your marriage will have to be divided when you are going through a divorce. It might be difficult for you to think about having to do this because it might be a daunting task. The more you have, the more work it is going to take to get through it all. We know that you might not feel prepared to handle this property division process. We are here to help you through the legal aspects of the matter.

One thing to consider is how to balance the asset division with the debt load. This is important because you don't want to be stuck with all the debt and none of the assets. Some people don't think about the various types of assets that they have to split. There are some that won't require any upkeep or have any related expenses. Others, such as homes or real estate, do have upkeep costs. You will have to make the payments, cover the insurance, pay the taxes and take care of maintenance and repairs. This can chip away at some of your savings or income.

When it comes to property division, you can't let your attachment to sentimental or other items dictate your actions. Instead, think about how each asset will either improve the quality of your post-divorce life or make it more challenging. From there, you should be able to determine what you want to do with each asset and resource from your marriage. You want to leave yourself poised for a positive and fresh start in life.

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Hoge Partners, PLLC
239 5th St
Suite 600
Louisville, Kentucky 40202

Phone: 502-996-8069
Fax: (502)-583-1223
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