No matter how well your marriage starts off, it is important to remember that it might not last forever. Any number of factors can affect the way you and your spouse feel about each other as time goes on and you might reach a point where you are no longer as close as you once were. Whatever the reason for this, you might find yourself contemplating divorce. Of course, this comes with a number of important matters to sort out, including the division of your shared property.
However much or little you have as a couple, decisions surrounding property division can still lead to disputes. Of course, the more you have to divide, the longer these disputes may last and the harder they might be to settle. It may fall to the courts to reach a final verdict on how your assets will be shared between you.
For this to be done accurately, a full account of your finances, assets and debts will need to be provided to the court. Leaving anything out could count against you and affect the final decision. However, it is also important that your spouse reveals all aspects of their own property as well, or you could end up receiving less than your fair share.
As this article on property division explains, some of the items that must be declared include vehicles, property, savings, business assets, certain benefits and any hidden assets. Debts also need to be revealed. If you suspect that your spouse has failed to fully disclose anything, it is important to speak up so the court can investigate the matter.
While this may seem like a lot to think about, an attorney may be able to assist you through the process. He or she can advise you about the assets you need to disclose and may be able to help you if you need to challenge any of the information revealed by your spouse. With the right support you can work toward a fair and favorable settlement to your divorce, no matter how high your assets may be.