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Resolving Conflict. Creating Agreement
Property Division: What You Need to Know
The division of family property need not be a confusing and contentious issue. Whether you are married or in an adult interdependent partnership, you typically accumulate assets over the duration of the time you are together. You may also have intermingled debts and loans. When the relationship ends, it is important to divide these assets and liabilities fairly.
Couples (married or in an adult interdependent relationship) can create their own property settlement agreement instead of going to court. However, it is very common for couples to have disputes over property division and be unable to reach a mutually acceptable agreement on their own.
Disclosure of Financial Information
Family separation and divorce mediations encompass a wide range of possibilities and outcomes, with emotions frequently running high. During separation and divorce the issue of property division can be quite a concern for some. One spouse may hide assets or financial information from the other, or there may be a suspicion of such concealment.