Marriage is a partnership, and many spouses in Vermont and elsewhere feel like they are on a team during their union. Unfortunately, spouses can go from feeling like teammates to opponents. In these cases, it might be best to consider a divorce. While it is not an easy decision to make or process to go through, it might be the best step for you to take individually and as a couple.
Divvying assets
At The Law Office of Amy K. Butler, Esquire, PLLC, our attorneys understand that property division can be one of the most contentious divorce issues. Therefore, our law firm focuses on the facts and circumstances surrounding the matter, helping our client reach a favorable and timely resolution.
The state of Vermont is an equitable distribution state. This means that the court, if the couple cannot agree, will divide the assets equitably between the two spouses. While a 50/50 split would be equal, this is often not the case when assessing what is equitable given the situation.
Reaching an equitable split
Through negotiations and mediation, divorcing spouses can work together to divide the marital property, assets and debts. While many divorcing couples can complete this successfully, others might need the assistance of the court to resolve complex property division issues.
A judge can help determine an equitable split of complex assets that include the family home, other real estate, accumulated debt, retirement accounts and investments.
No matter the process you take when moving forward with a divorce, it is important that you fully understand your rights and options. This not only help protect your legal rights but also serves your interests in the matter as well.
