What happens if you sell assets during a divorce?

When you have a fight with your spouse, there are a lot of things you can't do—you can't sleep in the same bed, you can't eat together, and you can't even work together. But one thing you're still able to do is to sell assets. Selling assets is a way to get money so that you're free to start over on your own, but it's also a way for some people to get revenge on their divorce. But just because you are legally able to do something, doesn’t mean you should do something.

But before you sell anything off, make sure it's something that will work for you long-term and that you are getting fair market value. Because if you sell it for less than fair market value, you will very likely be held responsible for the difference to your spouse.

The truth is that selling your assets during divorce is an idea that might sound good in theory, but in practice, it can lead to problems. Selling your assets during divorce simply means, selling any of the property you own together as a couple, which would then be divided between the two of you. This could include things like cars, boats, homes, and anything else that you might own together, that you can divvy up and sell to each other. It sounds like a good idea in theory because it seems like it should be easy for both parties to come up with the money for their share of the money from the sale of those things. In reality, though, people don't always get a fair share when they sell their assets during a divorce and it can lead to all kinds of problems in your relationship with your ex-spouse. 

To get specific answers to your specific situation, call this law firm for a free consultation:

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://www.ascentlawfirm.com/divorce/




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