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Category Archives: Property Division
One of the most important aspects of a divorce is for the court to determine how assets and debts are divided among spouses. New Mexico follows the “community property” legal system, which holds that all assets acquired during a marriage that are not considered separate property are community property and will be split during a divorce.
If you have been married for decades, the chances of more money (assets, savings etc.) being involved in your divorce are much more likely. When considering divorce, divorce financial planning is crucial.
One of the most often combative issues in a divorce is separating assets – who gets what? If you can provide a current and complete list of the assets and other financial information for you both, your attorney will have a huge leverage negotiating issues such as alimony, child support, and division of property in your settlement.