Do you have to divide assets in a divorce?

UPDATED: Oct 1, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Do you have to divide assets in a divorce?

I just want a divorce but wild like to keep financial pressure things and eaglets as

they are in both names. Is that possible?

Asked on July 15, 2018 under Family Law, Alaska


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

The value of all assets acquired during marriage will be divided, but that does not automatically mean that each individual type of asset is split--for example, if there are two ATVs, worth $5,000 each, it may be that one spouse gets both and the other gets an extra $5,000 of cash or something else worth $5,000. This said, sometimes the court does physically divide any assets which are dividable (in this example, one ATV to each spouse), at least if the asset can be divided (if there was only one ATV, it could not be given to two people; either one person would get it and the other get more money, or the court could order it sold and the proceeds split). 
In short, while the only guaranty is that the value of the assets will be divided, there are many ways to do that, such as selling everything and splitting all cash; one spouse getting some things worth $X, while the other gets other things also worth $X; one spouse getting more physical assets, the other getting more money; etc. 
Retain a lawyer to help you. A family law attorney will be in a much better position than you to negotiate a favorable split with your spouse (it's always best to work things out voluntarily, when you can) or, if you and the spouse can't work matters out, can present your case for why you should get certain things much better than you can in court.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption