Dividing Assets & Liabilities

During Dissolution of Marriage (Divorce) and the dividing of assets, there is an administrative detail known as “Valuation Date”. The Valuation Date refers to the value of the assets on a certain day. This value is often used for the decisions regarding which assets are divided and how to divide them.

An often-overlooked detail is the expectation issue in choosing a percentage or a dollar amount in dividing an asset. Why is this distinction important? Could there be a real difference to the outcome? Someone once said, “you can’t spend a percentage, it is the dollar amount that matters”. [ Read More… ]