Dividing assets and debts in a divorce can feel overwhelming, but having a solid understanding of how property division works can make all the difference. In this episode of Gavels Down, Voices Up, I break down the key aspects of financial separation, from classifying marital vs. separate property to understanding debt responsibility and the impact of tax implications.

If you’re facing a divorce, knowing what you’re entitled to—and how to negotiate for a fair settlement—is crucial. I’ll guide you through the process, explain common pitfalls to avoid, and share strategies for protecting your financial future.

In this episode, you’ll learn:

🔹 How to determine what’s marital vs. separate property: Understand what assets and debts legally belong to each spouse and how to classify them correctly.

🔹 Why financial independence matters in a divorce: Securing your own financial stability can make post-divorce life significantly easier.

🔹 The truth about debt division: Just because a debt is in one spouse’s name doesn’t mean they are solely responsible for it.

🔹 How to protect yourself from hidden financial risks: Avoid common mistakes that could leave you in financial trouble after the divorce.

🔹 Why clear communication can make or break a settlement: Know how to negotiate fairly to ensure the best possible outcome.

Navigating divorce finances doesn’t have to be overwhelming. Subscribe to Gavels Down, Voices Up for more expert insights, and visit gettingdivorcednowwhat.com for a free chapter of my book!

If you found this episode helpful, please subscribe, leave a review, and share it with anyone who might benefit from these essential estate planning tips!

Ready to learn more about Rachel King:

Website: https://rachelkingattorney.com

LinkedIn: https://www.linkedin.com/in/thelawyerking/

Youtube: https://www.youtube.com/@rachelkinglaw

Spotify: https://open.spotify.com/show/5ZIOh5b6kNo3KYojIA8vKw?si=91205d1a16194e67

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Rachel's upcoming book, "Getting Divorced: Now What?", is available soon. Visit https://rachelkingattorney.com/ for more information and to pre-order your copy.

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