As you head into your divorce, you’ll probably find yourself concerned about how your marital assets are going to be divided, and for good reason. If you don’t get a fair shake out of the property division process, then you could be left with less than you need and deserve. This can make it hard to establish your new life.
But as you analyze the marital estate, you’ll probably find that there are some assets that you’re particularly attached to even though they don’t carry a lot of financial value. How should you handle these sentimental assets?
Key considerations when dealing with sentimental assets in divorce
It’s hard to figure out what to do with marital assets, especially when emotional attachments are involved. When you’re dealing with a sentimental asset, you should take the following considerations into account:
- Which sentimental assets are most important to you.
- How many financially valuable assets you’re willing and able to give up in exchange for those sentimental assets that you care about.
- Whether continued co-ownership is a possibility.
- If there’s a way to fairly share access to the asset even if it isn’t jointly owned.
- Whether giving the asset to your child or children is a fairer way to handle the asset.
- Whether there’s a way to replicate the asset in question so that fighting for the original won’t cost other marital assets.
Advocate for what’s important to you in your divorce
There’s no one approach that’s appropriate to take in your divorce. Instead, you have to find the legal strategy that’s right for you based on your priorities. So, before heading into your divorce, think through what you want out of the marriage dissolution process and how best to position yourself for success.