A property settlement is an arrangement made between the parties to divide assets, liabilities, and financial resources upon the separation of spouses. A property settlement can be done with or without court assistance. Property can include almost anything of value, such as jointly or independently owned property. The property settlement is not limited to property acquired during the relationship. Property owned before and after separation can be included in a property settlement.
There are many resources available that can help you settle property without court assistance. However, due to the complex nature of such an agreement, you should seek the assistance of a lawyer to prepare your estate settlement. If you can agree without court assistance, you will save yourself time and money. You may also be able to improve your relationship with the other party, which may help resolve any future disputes.
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