Three Wrong Notions Most People Believe About
Property Division in A Divorce
In the US, different states handle the division of marital assets and liabilities when a divorce
occurs.
Knowing how the property and debts are divided in a divorce is one thing; it is another thing to
know which property is meant to be distributed.
The marital property is usually the one subject to division in a divorce, while the non-marital
or separate property is not.
In other words, only the property acquired by the couple during the marriage is liable for the
division.
It sounds simple:
Well, as simple as it may appear, there are a lot of misconceptions when it comes to the
property sharing process in divorce—that is why we are going to be thrashing them out in this
article.
Here, we have listed three common myths about property division in a divorce. Hang in there;
you will find out.