Tuesday, October 28, 2008

How do you divide household goods, especially those with investment value or sentimental value?

The typical way to make an agreement about household goods is to be able to say that at the time of the finalization of the divorce, the husband will take all the household goods then in his possession, and the wife will do the same with the household goods she has. If you can't agree on the values of the items, you can do one of two things. First, you can get a professional appraiser to value each of them. Second, and probably more practically, you can go through the house and each select one at a time until every single thing is gone. Yes, it seems a bit like picking a basketball team on the third-grade playground, but the simplest approaches are often the most effective. With regard to sentimentality, a family heirloom may be very important to one party but not to the other, and the party may accept far less monetary value in exchange for having that item.

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