Allocation of Debt

Don’t get too excited if you’ve achieved your goals in dividing your assets. The tally sheet is not complete until you also divide your debts. This can be just as daunting as asset division.

Loans for cars and homes, credit card debt and others almost always are divided equally. However, you can be held individually accountable for any debts you’ve hidden or incurred before marriage or accumulated through waste, such as gambling.

Our firm can wade through complex debt documents to ensure each spouse pays his or her fair share.