Distribution and Settlement

Are you married in a community of property? Then, in principle, your home, finances and household possessions must then be distributed equally. This applies for both assets and liabilities. The time when your divorce is final determines the size of the community.

The date of registration in the civil registries applies for this. Nothing more comes into the community and nothing comes out of it. In principle, the value is determined at the time of distribution.

Distribution

The distribution of home and finances has tax consequences. Ms Boomsma-Shriber can refer you within her network to professional, engaged financial advisors who will guide you in this. If desired, she will maintain close contact with them. The distribution of assets is closely related to the alimony (if this applies) and has a major impact on the parties involved. After all, they both want somewhere to live after the divorce, and what happens to the pension? Under the circumstances of separation and without experience and knowledge, it is challenging for people to continue to think in solutions. Ms Boomsma-Shriber explores the possibilities with the parties and involves a tax specialist or estate planner if necessary. There is often much more possible than people initially think. Simply dividing what the couple has and using a stand-alone alimony calculation creates difficulties, causing people to get into conflict unnecessarily. This happens even though they would like to come up with solutions together so that both parties can continue with their lives, also for the children.

Marital conditions

Upon dissolution of the community, it is important to settle the marital conditions. This usually includes a periodic or final settlement clause. Settlement clauses are often complicated and require the expertise of an experienced and expert solicitor or mediator.