A Marital Division of Property Agreement is very similar to a prenuptial agreement. However, this type of agreement can be signed both before and during a divorce. This legally binding agreement establishes the division of marital property in the event a couple decides to divorce or after the death of one of the spouses.
The assets that this arrangement refers to include both joint possessions and financial assets. The legal definition of "property" will include real estate, automobiles, and investments. If a couple does want to divide property equally, it may make the situation easier. However, it is difficult to split it right down the middle. This is one good reason to speak to a Property Division Lawyer about who gets what after a divorce or a death.
This agreement can be signed both before and during a marriage. Couples who choose to take this route typically hire an attorney. Property Division Lawyers are available to help draw up the terms of the arrangement and address the desires of their clients. Each party should find its own representation. It is an extreme conflict of interest if the attorney is working for both sides.
The regulations governing this sort of document might be more complex than they appear. People are deciding on the split to guarantee that they get the marital property they desire and need in the case of divorce or death. This is why legal representation is critical in these cases, and you must not try to make such crucial choices without the assistance of a competent Property Division Lawyer.
Family law disputes can be distressing & daunting. However, before taking on divorce, order modification, child custody, or all other important legal matters, it would be smart & helpful to get the best legal advice. Contact the office of Fizer Law, the top Property Division Lawyer in Long Beach, at 1(562)-270-9944.