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Investing time in asset division negotiations can prove wise

Going through a divorce is never easy. It can be very difficult to reconcile with the fact that a person who you once thought the world of is now a bitter adversary. And this sort of conflict is certainly stressful, so much so that you may be inclined to try to work out the terms of your property settlement as quickly as possible.

But if you and your soon-to-be ex-spouse have acquired a large amount of shared wealth over the years, you will likely be best served by taking the time needed to properly assess the full extent of your marital assets. The process by which assets are revealed for the purpose of division is known as discovery.

During discovery, both parties are required to submit documentation containing information that is relevant to the division process. Each party has the right to obtain most of the kinds of documents that can impact property division, child support, finances and other important aspects of the divorce.

Further, if you suspect that your spouse is not being forthcoming about his or her assets, you can use such tools as requests for admission and interrogatories to induce further explanations.

While you may be hesitant to take such steps, remember that your property division settlement will form the cornerstone of your finances as you begin your new life. You owe it to yourself to leave no stone unturned when pursuing that which is rightfully yours. Investing a little extra time during the discovery process may pay big dividends and an experienced family law attorney can act on your behalf to help you get fair settlement terms.

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