Many people think there are dozens of decisions to make in a divorce and that all of the marital assets are “up for grabs” in the divorce process. That is not true. While people picture a 100-yard football field, what we are really dealing with in most divorces is a 10-yard football field. The process is much more narrow and straightforward than most people realize.
One question we get asked a lot is, how is our personal property divided in New Mexico. It is very important to talk about dividing property in a divorce case because it can be an emotional process. The first thing to remember is lawyers hate dealing with personal property.
Whether you or your spouse plans on keeping the home, or should you both agree to sell it, the first step is to settle on an approximate value of the property. Begin with a market analysis and see if you concur on the resultant figure.