A divorce may feel like the end of your world, but it doesn’t have to be. By looking at it as a new start, you can help yourself get into a frame of mind that can help you make good decisions while dividing your property and resolving your divorce.
When you look at dividing a marriage, you have to be knowledgeable. Get to know the assets you have and that your spouse has. Know what you’re entitled to by law. For example, Mississippi is not a community property state. That means that your assets are not necessarily going to be divided half-and-half style.
Instead, you and your spouse will need to negotiate how you want to divide your assets. If you can’t, then a judge will make those decisions for you. However, keep in mind that the judge’s decision is final, so you won’t get a lot of say in what happens other than to discuss why you believe you’re owed the assets that you seek.
Know which property is divisible
The only property that is divided upon divorce is marital property. Marital property includes things that you purchased during your marriage. It also includes stock growth, for example, and increases in retirement or savings accounts. Be careful and make sure you know everything you could be entitled to since it might be more than you think.
Our site has more about property division in Mississippi. With the right lists off assets and someone to help you negotiate, you can walk away from your marriage with secure finances and ready to start again.
