How to Transfer Assets After a Divorce
Title transfers are often involved during divorce proceedings, and when you use a mediator you’ll be in a better position to settle the ownership of your assets. A divorce cannot be finalized until the assets and debts are divvied up between the two parties. As with the other important decisions that must be made during the divorce, it’s best to leave nothing to chance and instead come to an agreement with your soon-to-be ex-spouse. Mediation gives you control over the title transfer decisions, and the mediator will help you discover the best solutions according to your own situation.
Assets and Debts
Dividing the debts and assets in mediation involves a 4 step process that includes the following:
- Listing the assets and debts
- Categorizing the marital property and separate property
- Determining a value
- Making a fair and equitable division
Our divorce mediators in San Diego will be involved with all of the above listed stages in the process. Some of the property and debts can be given a value by one or both of the spouses, while other property values may need to be determined by a professional. Until this step is completed and all of the debts and assets are listed with a final value, no decisions can be made about the property division.
When the final decisions have been made regarding the division of property, title transfers may need to be established. This may be the case when it comes to family vehicles, property, and investments. We facilitate title transfers for vehicles and property, including interspousal grant deeds, and we make sure the titles are changed legally and properly to reflect the new owner of the property. This can be a complicated procedure, but the mediator can take the complexity out of it and help you with the title transfers. The mediator will make sure everything is documented properly when one of the spouses relinquishes his or her rights to a certain piece of property. It’s important to make sure you use a mediator who is experienced with the transfer of titles so the documentation only needs to be done once. This is a trying time for everyone involved,and it’s important to get everything done right the first time so there can be a fast conclusion and a successful outcome in a relatively short amount of time. No matter how complicated your divorce may seem, mediation can help you sort out the debts and assets involved in a peaceful manner. Even divorces that involve a number of different issues can be successfully mediated when both parties are willing to come together to work things out. As a third-party negotiator, the mediator can guide the conversation toward an amicable conclusion, and in many cases the animosity between the couple can be defused during the process.
Divorce Options San Diego is a one-stop shop to take care of any conflicts that may arise during divorce mediation. San Diego clients can contact us now for complete details or to schedule a FREE confidential consultation.