When dividing marital assets in a divorce, it’s common to turn your immediate attention to the family home, bank accounts and retirement accounts. While these assets deserve your attention, you don’t want to stop there.
There are many other marital assets to focus on, as you don’t want to miss out on anything that you’re entitled to. Some of these include:
- Employer benefits: This includes things such as stock options, pension plans and deferred compensation plans.
- Cemetery plots: It may not be something you want to think about, but a cemetery plot is anything but inexpensive.
- Collections: This can include everything from sports memorabilia to a coin or stamp collection.
- Country club membership: It may not be something you particularly value, but that doesn’t mean you shouldn’t get your share in the event of a divorce.
- Pets: Some people don’t look at pets as a marital asset, but that’s exactly what they are. If taking your pet with you is important, start planning on this as soon as possible.
- Photographs and other mementos from the past: These may not hold great value to outsiders, but you realize that these assets are invaluable.
Since it’s so easy to overlook these marital assets, it’s a good idea to make a list of all of them before you begin the divorce process.
With a property division checklist, you can better understand every item that needs to be divided. You are not going to receive every asset in your divorce, but you can do your part in putting yourself in position to obtain a fair share.