App simplifies property division in divorce

| Dec 10, 2012 | Property Division

Modern technology plays a significant role in Clarksville resident’s lives, and may contribute to relationship woes and remedies. Social networking sites, such as Facebook and Twitter, have become conduits for infidelity, and a means to prove indiscretions.

Clarksville readers may already know that there are online programs designed to assist those facing divorce with child custody and visitation schedules. Recently, a man in California created an application called “iSplit.” The program allows divorcing couples accomplish equitable property division by dragging various assets into quadrants within the app and comparing dollar values. According to the app’s inventor, most people settle their properties in just 30 minutes.

Technology may have been the source of the marital problems but to some but it can also be used positively. The app for property division may ease some painfully contentious encounters between divorcing parties.

Emotional and financial distresses are common to couples undergoing a divorce. Property division is one of the most complicated issues attached to the word divorce. Marital property division can be tricky, especially if the couple’s marriage has been long-lasting.

A couple’s assets and liabilities need to be properly valued in order to gain equitable property division. In addition, both spouses should take care to ensure that all assets are accounted for during the division process.

Technology may be able to lay the groundwork for couples, but spouses should still consult a professional when it comes to the handling of assets to ensure their rights are sufficiently protected. A qualified legal professional will carefully list all the properties, assets and debts and conduct a thorough investigation, if required, to ensure an equitable division of property for both parties.

Source: The Press Democrat, “Divorce? There’s an app for that,” Paul Payne, Dec. 02, 2012

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