Divorce is a life-changing event that is not only emotional for those involved, but often has significant implications for their continued financial health as well. Depending on the circumstances surrounding the break-up, participants may struggle to cooperate when ending their marriage. This can lead to a more difficult divorce process and prolonged efforts to come to a final agreement. There is no shortage of issues to quarrel over in a divorce, but one of the conflicts that often arises is the division of marital property. What are the divisible net assets and which spouse “deserves” or is “entitled” to which assets are often at the center of these conflicts.
To ensure a fair and equitable division of assets, the state of Delaware has a legal code (Title 13, Section 1513(b)) that outlines how the division of assets should be calculated. A comprehensive review of all assets including savings, retirement accounts, vehicles, homes, investments, small business investments, and other real estate owned is required. An analysis of debt obligations such as credit cards and outstanding loans is also necessary to determine the assets to be divided. When dealing with such a delicate topic, it is essential to work with a consultant that can make the needed calculations with relative ease.
Why Engage BLS to Handle the Division of Marital Property Calculations?
Attorneys throughout the state of Delaware have turned to BLS to assist with this essential service. Whether the divorce documents were just filed or there is a court-ordered deadline to determine the division of marital assets, we are here to help!
- Our experience – BLS has experience conducting these complex calculations or determinations for divorce attorneys and their clients throughout the state.
- We understand – Our team understands the complex calculation process and avoids common issues including miscalculations and misinterpretations that can result in unnecessary and unwelcome delays in the process
- Our resources – We have a team of Certified Valuation Analysts (CVAs) and Certified Public Accountants (CPAs) who handle all of our business and individual valuations. We also have professionals who have testified in Family Court on behalf of divorcing parties.