d2njti
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Reged: 03/05/08
Posts: 187
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Re: Property Division
10/18/10 06:55 PM
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There are some variations state to state, but in general other than inheritance, everything acquired during the marriage (36 years, I'm guessing that's everything) is considered marital property owned equally by both spouses, regardless of who's name is on the account or asset. Houses, cars, bank accounts, pensions, mortgages, credit card debt, all are owned equally. Add up the total of all assets and liabilities and each is entitled to half. Take the list of stuff and start assigning it his and hers depending upon who really wants it and can accomplish things like upkeep or qualifying for a new mortgage in their name. When you get to the end of the easy decisions, start negotiating. The more you can come to agreement on, the less time and $ your attorneys will spend arguing for you.
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