Who decides who owns the wine collection when divorcing?

Who decides who owns the wine collection when divorcing?

Divorce separates a man and a woman. When you get divorce from your spouse, then it is the end of one chapter of your life and may be beginning of new chapter in your life. Whenever, you will try to look back for that time, you will see how many positive points you both have and how happily you are living. But, now situations are like this and you have to be separated from each other. If we talk about in terms of govt. laws, then divorce is division of martial property. But, in current scenario, everything has divided in two equal parts.

All the finances and assets will divide in two parts. Financial part which will come under divorce category includes brokerage accounts, life insurance policies, pensions, stock options, retirement plans and deferred compensation. If you have valuable assets in your home like antique paintings, horses, art, valuable home furnishing, classic care and rare coins, these will also be divided into two parts. It is good that your husband may gave you valuable gifts and you also had gifted him something, all such things and gifts that you have got during your marriage, also divided.

As per govt. laws, you not only get money and assets from your spouse, if he has debt for something, that will also be divided and you have to pay half of the debt. In a study, it has been shown that women knew about more than men about things which are placed in their home. There may be chances that those things do not to woman’s mind immediately. You may also try mediation before solicitors so that your mind and heart will get relax and peace.

If you have won a lottery ticket during your marriage and after marriage and you won the lottery, then winning prize must have to be martial property and will be divided.

If you have pet in your house, then it is come under category of pet not in family members. Division of pet is not possible. So, as per your state laws, schedule of pet will be allotted to you and your spouse. If you are more close to your pet, make sure that your attorney keeps it as your priority.

These days, people are spending more money on wine than jewelery and it also become part of valuable assets. Division of wine is completely depends on health of both partners. Court also look for their prices and choose which one will best for which partner. But, division of wine is a complex task for court also!!!…

Life term policies are also a subject of division. If you are getting grey divorce from your spouse, then you will not get anything related to life term policies.

Photographs are the valuable assets which does not cost any money. In this digital world, both you and your husband keep copy of complete album in your laptop but what you will do if you have hard copy of some photos. In this case, you and your partner will have to bear the cost for having the copy of those photos.

 

 

5 months ago