Asset division could potentially be an intensive and tasking process. Number and needs of children, the number of years married, the needs of the parties are but a few considerations used in determining how assets are divided. Usually, long-term marriages are subject to a 50- 50 model of asset division. However, this may be declined based on a variety of factors determined by the court. For short term marriages, courts would usually divide assets accumulated during the marriage and return pre-marital assets to the respective parties.
A usual concern is with the fluctuating characteristic of assets. They can depreciate, appreciate, be consumed or even be hidden! For this reason courts are encouraged to choose valuation dates that keep both parties accountable to upholding good financial behavior.
